The typical owner-occupied home in Lombard is worth about $335,700, 27% above the Illinois median of $263,300 and about the same as the national median of $332,700. Owners pay a median $7,071 a year in property taxes, about 2.11% of their home's value, close to the Illinois rate of 2.01%. The median household earns $100,362 a year, so the median home costs 3.3 times the median income (3.2 times for Illinois). 71% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Lombard at a glance
| Lombard | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $335,700 | $263,300 | $332,700 |
| Median property tax paid per year | $7,071 | $5,298 | $3,119 |
| Property tax as a share of value | 2.11% | 2.01% | 0.94% |
| Median household income | $100,362 | $83,390 | $80,734 |
| Homes lived in by their owners | 71% | 67% | 65% |
| Owner homes with a mortgage | 67% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,218 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 21.5% | 20.6% | 21.0% |
| Median rent | $1,948 | $1,274 | $1,413 |
| Rent as a share of renters' income | 31.8% | 29.1% | 30.6% |
| Median year homes were built | 1971 | 1971 | 1980 |
| Vacant homes | 6.5% | 7.7% | 10.1% |
| Population | 43,619 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Lombard
At this week's average 30-year rate of 7.11%, buying the median Lombard home of $335,700 with 20% down costs about $2,537 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,096, 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 $108,719 for the 20%-down payment. That payment is 30% of the median Lombard household income of $100,362; at that income and 20% down, the 28% guideline points to a home of about $310,000.
The median rent here is $1,948 a month, so owning the median home costs about $589 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $67,140 |
|---|---|
| Loan amount | $268,560 |
| Principal and interest | $1,807 |
| Property taxes (2.11% a year) | $590 |
| Homeowners insurance (our estimate, 0.5% a year) | $140 |
| PMI | $0 |
| Total per month | $2,537 |
Change the numbers in the calculator
| Down payment | $11,750 |
|---|---|
| Loan amount | $329,620 |
| Principal and interest | $2,217 |
| Property taxes (2.11% a year) | $590 |
| Homeowners insurance (our estimate, 0.5% a year) | $140 |
| FHA mortgage insurance | $148 |
| Total per month | $3,096 |
Change the numbers in the calculator
Questions about home buying in Lombard
What is the median home value in Lombard?
About $335,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lombard?
Homeowners pay a median $7,071 a year, which is about 2.11% 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 Lombard?
For the median home with 20% down at 7.11%, the payment is about $2,537 a month. Keeping that under 28% of gross income takes about $108,719 a year.
More about Lombard
- Mortgage Refinance in Lombard
- Debt Relief in Lombard
- Home Equity Loans in Lombard
- 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