Mortgage Rates in Illinois
Updated April 2026
Key Mortgage Metrics
Median Home Price
$295,000
30-Year Fixed Rate
6.7%
Property Tax Rate
2.27%
Est. Annual Property Tax
$6,697
Housing Market in Illinois
The median home price in Illinois is currently $295,000, with an average 30-year fixed mortgage rate of 6.7%. Property taxes in Illinois average 2.27% of home value, translating to approximately $6,697 annually on a median-priced home.
Use our mortgage calculator to estimate your monthly payments based on your specific down payment and loan terms.
First-Time Homebuyer Programs
Illinois offers several programs to help first-time homebuyers:
- Illinois Housing Development Authority
- Affordable housing programs
Contact your state housing finance agency for eligibility requirements and application details.
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