The typical owner-occupied home in Westmont is worth about $379,100, 44% above the Illinois median of $263,300 and 14% above the national median of $332,700. Owners pay a median $6,819 a year in property taxes, about 1.80% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $88,090 a year, so the median home costs 4.3 times the median income (3.2 times for Illinois). 55% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Westmont at a glance
| Westmont | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $379,100 | $263,300 | $332,700 |
| Median property tax paid per year | $6,819 | $5,298 | $3,119 |
| Property tax as a share of value | 1.80% | 2.01% | 0.94% |
| Median household income | $88,090 | $83,390 | $80,734 |
| Homes lived in by their owners | 55% | 67% | 65% |
| Owner homes with a mortgage | 57% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,342 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 20.4% | 20.6% | 21.0% |
| Median rent | $1,533 | $1,274 | $1,413 |
| Rent as a share of renters' income | 29.9% | 29.1% | 30.6% |
| Median year homes were built | 1976 | 1971 | 1980 |
| Vacant homes | 7.2% | 7.7% | 10.1% |
| Population | 23,724 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Westmont
At this week's average 30-year rate of 7.11%, buying the median Westmont home of $379,100 with 20% down costs about $2,767 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,398, 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 $118,577 for the 20%-down payment. That payment is 38% of the median Westmont household income of $88,090; at that income and 20% down, the 28% guideline points to a home of about $282,000.
The median rent here is $1,533 a month, so owning the median home costs about $1,234 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $75,820 |
|---|---|
| Loan amount | $303,280 |
| Principal and interest | $2,040 |
| Property taxes (1.80% a year) | $569 |
| Homeowners insurance (our estimate, 0.5% a year) | $158 |
| PMI | $0 |
| Total per month | $2,767 |
Change the numbers in the calculator
| Down payment | $13,268 |
|---|---|
| Loan amount | $372,234 |
| Principal and interest | $2,504 |
| Property taxes (1.80% a year) | $569 |
| Homeowners insurance (our estimate, 0.5% a year) | $158 |
| FHA mortgage insurance | $168 |
| Total per month | $3,398 |
Change the numbers in the calculator
Questions about home buying in Westmont
What is the median home value in Westmont?
About $379,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Westmont?
Homeowners pay a median $6,819 a year, which is about 1.80% 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 Westmont?
For the median home with 20% down at 7.11%, the payment is about $2,767 a month. Keeping that under 28% of gross income takes about $118,577 a year.
More about Westmont
- Mortgage Refinance in Westmont
- Debt Relief in Westmont
- Home Equity Loans in Westmont
- 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