The typical owner-occupied home in Westfield is worth about $85,600, 67% below the Illinois median of $263,300 and 74% below the national median of $332,700. Owners pay a median $806 a year in property taxes, about 0.94% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $63,819 a year, so the median home costs 1.3 times the median income (3.2 times for Illinois). 97% of occupied homes here are lived in by their owners, and 32% of those owners still have a mortgage.
Westfield at a glance
| Westfield | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $85,600 | $263,300 | $332,700 |
| Median property tax paid per year | $806 | $5,298 | $3,119 |
| Property tax as a share of value | 0.94% | 2.01% | 0.94% |
| Median household income | $63,819 | $83,390 | $80,734 |
| Homes lived in by their owners | 97% | 67% | 65% |
| Owner homes with a mortgage | 32% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,115 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 19.7% | 20.6% | 21.0% |
| Median rent | $625 | $1,274 | $1,413 |
| Rent as a share of renters' income | 22.5% | 29.1% | 30.6% |
| Median year homes were built | 1961 | 1971 | 1980 |
| Vacant homes | 3.3% | 7.7% | 10.1% |
| Population | 415 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Westfield
At this week's average 30-year rate of 7.11%, buying the median Westfield home of $85,600 with 20% down costs about $563 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $706, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $24,145 for the 20%-down payment. That payment is 11% of the median Westfield household income of $63,819; at that income and 20% down, the 28% guideline points to a home of about $226,000.
The median rent here is $625 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,120 |
|---|---|
| Loan amount | $68,480 |
| Principal and interest | $461 |
| Property taxes (0.94% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $563 |
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| Down payment | $2,996 |
|---|---|
| Loan amount | $84,050 |
| Principal and interest | $565 |
| Property taxes (0.94% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $38 |
| Total per month | $706 |
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Questions about home buying in Westfield
What is the median home value in Westfield?
About $85,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Westfield?
Homeowners pay a median $806 a year, which is about 0.94% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Westfield?
For the median home with 20% down at 7.11%, the payment is about $563 a month. Keeping that under 28% of gross income takes about $24,145 a year.
More about Westfield
- Mortgage Refinance in Westfield
- Debt Relief in Westfield
- Home Equity Loans in Westfield
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data