The typical owner-occupied home in New Baden is worth about $172,200, 35% below the Illinois median of $263,300 and 48% below the national median of $332,700. Owners pay a median $3,944 a year in property taxes, about 2.29% of their home's value, higher than the Illinois rate of 2.01%. The median household earns $81,393 a year, so the median home costs 2.1 times the median income (3.2 times for Illinois). 58% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
New Baden at a glance
| New Baden | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $172,200 | $263,300 | $332,700 |
| Median property tax paid per year | $3,944 | $5,298 | $3,119 |
| Property tax as a share of value | 2.29% | 2.01% | 0.94% |
| Median household income | $81,393 | $83,390 | $80,734 |
| Homes lived in by their owners | 58% | 67% | 65% |
| Owner homes with a mortgage | 54% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,469 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 20.2% | 20.6% | 21.0% |
| Median rent | $1,133 | $1,274 | $1,413 |
| Rent as a share of renters' income | 27.4% | 29.1% | 30.6% |
| Median year homes were built | 1979 | 1971 | 1980 |
| Vacant homes | 0.0% | 7.7% | 10.1% |
| Population | 3,463 | 12,694,798 | 334,922,499 |
What a typical home costs per month in New Baden
At this week's average 30-year rate of 7.11%, buying the median New Baden home of $172,200 with 20% down costs about $1,327 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,614, 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 $56,875 for the 20%-down payment. That payment is 20% of the median New Baden household income of $81,393; at that income and 20% down, the 28% guideline points to a home of about $246,000.
The median rent here is $1,133 a month, so owning the median home costs about $194 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $34,440 |
|---|---|
| Loan amount | $137,760 |
| Principal and interest | $927 |
| Property taxes (2.29% a year) | $329 |
| Homeowners insurance (our estimate, 0.5% a year) | $72 |
| PMI | $0 |
| Total per month | $1,327 |
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| Down payment | $6,027 |
|---|---|
| Loan amount | $169,081 |
| Principal and interest | $1,137 |
| Property taxes (2.29% a year) | $329 |
| Homeowners insurance (our estimate, 0.5% a year) | $72 |
| FHA mortgage insurance | $76 |
| Total per month | $1,614 |
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Questions about home buying in New Baden
What is the median home value in New Baden?
About $172,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in New Baden?
Homeowners pay a median $3,944 a year, which is about 2.29% 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 New Baden?
For the median home with 20% down at 7.11%, the payment is about $1,327 a month. Keeping that under 28% of gross income takes about $56,875 a year.
More about New Baden
- Mortgage Refinance in New Baden
- Debt Relief in New Baden
- Home Equity Loans in New Baden
- 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