The typical owner-occupied home in Streamwood is worth about $271,200, 3% above the Illinois median of $263,300 and 18% below the national median of $332,700. Owners pay a median $6,040 a year in property taxes, about 2.23% of their home's value, higher than the Illinois rate of 2.01%. The median household earns $101,218 a year, so the median home costs 2.7 times the median income (3.2 times for Illinois). 89% of occupied homes here are lived in by their owners, and 68% of those owners still have a mortgage.
Streamwood at a glance
| Streamwood | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $271,200 | $263,300 | $332,700 |
| Median property tax paid per year | $6,040 | $5,298 | $3,119 |
| Property tax as a share of value | 2.23% | 2.01% | 0.94% |
| Median household income | $101,218 | $83,390 | $80,734 |
| Homes lived in by their owners | 89% | 67% | 65% |
| Owner homes with a mortgage | 68% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,907 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 22.5% | 20.6% | 21.0% |
| Median rent | $1,809 | $1,274 | $1,413 |
| Rent as a share of renters' income | 34.4% | 29.1% | 30.6% |
| Median year homes were built | 1981 | 1971 | 1980 |
| Vacant homes | 2.7% | 7.7% | 10.1% |
| Population | 39,001 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Streamwood
At this week's average 30-year rate of 7.11%, buying the median Streamwood home of $271,200 with 20% down costs about $2,076 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,528, 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 $88,992 for the 20%-down payment. That payment is 25% of the median Streamwood household income of $101,218; at that income and 20% down, the 28% guideline points to a home of about $308,000.
The median rent here is $1,809 a month, so owning the median home costs about $267 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $54,240 |
|---|---|
| Loan amount | $216,960 |
| Principal and interest | $1,460 |
| Property taxes (2.23% a year) | $504 |
| Homeowners insurance (our estimate, 0.5% a year) | $113 |
| PMI | $0 |
| Total per month | $2,076 |
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| Down payment | $9,492 |
|---|---|
| Loan amount | $266,288 |
| Principal and interest | $1,791 |
| Property taxes (2.23% a year) | $504 |
| Homeowners insurance (our estimate, 0.5% a year) | $113 |
| FHA mortgage insurance | $120 |
| Total per month | $2,528 |
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Questions about home buying in Streamwood
What is the median home value in Streamwood?
About $271,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Streamwood?
Homeowners pay a median $6,040 a year, which is about 2.23% 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 Streamwood?
For the median home with 20% down at 7.11%, the payment is about $2,076 a month. Keeping that under 28% of gross income takes about $88,992 a year.
More about Streamwood
- Mortgage Refinance in Streamwood
- Debt Relief in Streamwood
- Home Equity Loans in Streamwood
- 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