The typical owner-occupied home in Stone Park is worth about $242,100, 8% below the Illinois median of $263,300 and 27% below the national median of $332,700. Owners pay a median $6,021 a year in property taxes, about 2.49% of their home's value, higher than the Illinois rate of 2.01%. The median household earns $67,224 a year, so the median home costs 3.6 times the median income (3.2 times for Illinois). 48% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Stone Park at a glance
| Stone Park | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $242,100 | $263,300 | $332,700 |
| Median property tax paid per year | $6,021 | $5,298 | $3,119 |
| Property tax as a share of value | 2.49% | 2.01% | 0.94% |
| Median household income | $67,224 | $83,390 | $80,734 |
| Homes lived in by their owners | 48% | 67% | 65% |
| Owner homes with a mortgage | 58% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,842 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 22.3% | 20.6% | 21.0% |
| Median rent | $1,412 | $1,274 | $1,413 |
| Rent as a share of renters' income | 34.6% | 29.1% | 30.6% |
| Median year homes were built | 1965 | 1971 | 1980 |
| Vacant homes | 9.2% | 7.7% | 10.1% |
| Population | 4,482 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Stone Park
At this week's average 30-year rate of 7.11%, buying the median Stone Park home of $242,100 with 20% down costs about $1,906 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,309, 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 $81,691 for the 20%-down payment. That payment is 34% of the median Stone Park household income of $67,224; at that income and 20% down, the 28% guideline points to a home of about $199,000.
The median rent here is $1,412 a month, so owning the median home costs about $494 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $48,420 |
|---|---|
| Loan amount | $193,680 |
| Principal and interest | $1,303 |
| Property taxes (2.49% a year) | $502 |
| Homeowners insurance (our estimate, 0.5% a year) | $101 |
| PMI | $0 |
| Total per month | $1,906 |
Change the numbers in the calculator
| Down payment | $8,474 |
|---|---|
| Loan amount | $237,715 |
| Principal and interest | $1,599 |
| Property taxes (2.49% a year) | $502 |
| Homeowners insurance (our estimate, 0.5% a year) | $101 |
| FHA mortgage insurance | $107 |
| Total per month | $2,309 |
Change the numbers in the calculator
Questions about home buying in Stone Park
What is the median home value in Stone Park?
About $242,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Stone Park?
Homeowners pay a median $6,021 a year, which is about 2.49% 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 Stone Park?
For the median home with 20% down at 7.11%, the payment is about $1,906 a month. Keeping that under 28% of gross income takes about $81,691 a year.
More about Stone Park
- Mortgage Refinance in Stone Park
- Debt Relief in Stone Park
- Home Equity Loans in Stone Park
- 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