The typical owner-occupied home in Flora is worth about $77,300, 71% below the Illinois median of $263,300 and 77% below the national median of $332,700. Owners pay a median $1,094 a year in property taxes, about 1.42% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $47,148 a year, so the median home costs 1.6 times the median income (3.2 times for Illinois). 76% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Flora at a glance
| Flora | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $77,300 | $263,300 | $332,700 |
| Median property tax paid per year | $1,094 | $5,298 | $3,119 |
| Property tax as a share of value | 1.42% | 2.01% | 0.94% |
| Median household income | $47,148 | $83,390 | $80,734 |
| Homes lived in by their owners | 76% | 67% | 65% |
| Owner homes with a mortgage | 52% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $964 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 23.8% | 20.6% | 21.0% |
| Median rent | $745 | $1,274 | $1,413 |
| Rent as a share of renters' income | 14.4% | 29.1% | 30.6% |
| Median year homes were built | 1958 | 1971 | 1980 |
| Vacant homes | 17.4% | 7.7% | 10.1% |
| Population | 4,475 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Flora
At this week's average 30-year rate of 7.11%, buying the median Flora home of $77,300 with 20% down costs about $540 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $668, 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 $23,129 for the 20%-down payment. That payment is 14% of the median Flora household income of $47,148; at that income and 20% down, the 28% guideline points to a home of about $158,000.
The median rent here is $745 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $15,460 |
|---|---|
| Loan amount | $61,840 |
| Principal and interest | $416 |
| Property taxes (1.42% a year) | $91 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| PMI | $0 |
| Total per month | $540 |
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| Down payment | $2,706 |
|---|---|
| Loan amount | $75,900 |
| Principal and interest | $511 |
| Property taxes (1.42% a year) | $91 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| FHA mortgage insurance | $34 |
| Total per month | $668 |
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Questions about home buying in Flora
What is the median home value in Flora?
About $77,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Flora?
Homeowners pay a median $1,094 a year, which is about 1.42% 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 Flora?
For the median home with 20% down at 7.11%, the payment is about $540 a month. Keeping that under 28% of gross income takes about $23,129 a year.
More about Flora
- Mortgage Refinance in Flora
- Debt Relief in Flora
- Home Equity Loans in Flora
- 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