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Buying a home in Illinois
Illinois (IL) market averages, with the math worked through for a typical home purchase. Live broker quotes available on request.
On a $500,000 home in IL
Statewide averages Property tax
$867/mo
2.08% effective rate
Home insurance
$108/mo
$1,300/yr typical
Tax + insurance
$975/mo
added to your P&I
Run your numbers for IL
The SnugRate calculators auto-default to Illinois's tax + insurance averages. Override any field at any time.
What this estimate doesn't cover
- County, city, and special-district taxes can add 0.1%–1% on top of the statewide average. Use the property tax calculator with your specific assessment for an accurate figure.
- Hazard insurance varies a lot by hazard zone (wildfire in CA, hurricane in FL, hail in TX). The number above is a broad statewide average.
- HOA dues, mortgage insurance (PMI), and special assessments aren't included.
← All state guidesSource: Tax Foundation 2024 + industry averages