The typical owner-occupied home in South Holland is worth about $217,200, 18% below the Illinois median of $263,300 and 35% below the national median of $332,700. Owners pay a median $5,903 a year in property taxes, about 2.72% of their home's value, higher than the Illinois rate of 2.01%. The median household earns $85,280 a year, so the median home costs 2.5 times the median income (3.2 times for Illinois). 83% of occupied homes here are lived in by their owners, and 75% of those owners still have a mortgage.
South Holland at a glance
| South Holland | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $217,200 | $263,300 | $332,700 |
| Median property tax paid per year | $5,903 | $5,298 | $3,119 |
| Property tax as a share of value | 2.72% | 2.01% | 0.94% |
| Median household income | $85,280 | $83,390 | $80,734 |
| Homes lived in by their owners | 83% | 67% | 65% |
| Owner homes with a mortgage | 75% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,990 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 24.8% | 20.6% | 21.0% |
| Median rent | $1,856 | $1,274 | $1,413 |
| Rent as a share of renters' income | 51.0% | 29.1% | 30.6% |
| Median year homes were built | 1966 | 1971 | 1980 |
| Vacant homes | 4.1% | 7.7% | 10.1% |
| Population | 20,911 | 12,694,798 | 334,922,499 |
What a typical home costs per month in South Holland
At this week's average 30-year rate of 7.11%, buying the median South Holland home of $217,200 with 20% down costs about $1,752 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,114, 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 $75,073 for the 20%-down payment. That payment is 25% of the median South Holland household income of $85,280; at that income and 20% down, the 28% guideline points to a home of about $247,000.
The median rent here is $1,856 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $43,440 |
|---|---|
| Loan amount | $173,760 |
| Principal and interest | $1,169 |
| Property taxes (2.72% a year) | $492 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| PMI | $0 |
| Total per month | $1,752 |
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| Down payment | $7,602 |
|---|---|
| Loan amount | $213,266 |
| Principal and interest | $1,435 |
| Property taxes (2.72% a year) | $492 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| FHA mortgage insurance | $96 |
| Total per month | $2,114 |
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Questions about home buying in South Holland
What is the median home value in South Holland?
About $217,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in South Holland?
Homeowners pay a median $5,903 a year, which is about 2.72% 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 South Holland?
For the median home with 20% down at 7.11%, the payment is about $1,752 a month. Keeping that under 28% of gross income takes about $75,073 a year.
More about South Holland
- Mortgage Refinance in South Holland
- Debt Relief in South Holland
- Home Equity Loans in South Holland
- 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