The typical owner-occupied home in Brocton is worth about $81,300, 69% below the Illinois median of $263,300 and 76% below the national median of $332,700. Owners pay a median $800 a year in property taxes, about 0.98% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $59,231 a year, so the median home costs 1.4 times the median income (3.2 times for Illinois). 97% of occupied homes here are lived in by their owners, and 41% of those owners still have a mortgage.
Brocton at a glance
| Brocton | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $81,300 | $263,300 | $332,700 |
| Median property tax paid per year | $800 | $5,298 | $3,119 |
| Property tax as a share of value | 0.98% | 2.01% | 0.94% |
| Median household income | $59,231 | $83,390 | $80,734 |
| Homes lived in by their owners | 97% | 67% | 65% |
| Owner homes with a mortgage | 41% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,188 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 21.9% | 20.6% | 21.0% |
| Median rent | – | $1,274 | $1,413 |
| Median year homes were built | 1952 | 1971 | 1980 |
| Vacant homes | 6.5% | 7.7% | 10.1% |
| Population | 275 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Brocton
At this week's average 30-year rate of 7.11%, buying the median Brocton home of $81,300 with 20% down costs about $538 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $673, 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 $23,049 for the 20%-down payment. That payment is 11% of the median Brocton household income of $59,231; at that income and 20% down, the 28% guideline points to a home of about $209,000.
| Down payment | $16,260 |
|---|---|
| Loan amount | $65,040 |
| Principal and interest | $438 |
| Property taxes (0.98% a year) | $66 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| PMI | $0 |
| Total per month | $538 |
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| Down payment | $2,846 |
|---|---|
| Loan amount | $79,827 |
| Principal and interest | $537 |
| Property taxes (0.98% a year) | $66 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| FHA mortgage insurance | $36 |
| Total per month | $673 |
Change the numbers in the calculator
Questions about home buying in Brocton
What is the median home value in Brocton?
About $81,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Brocton?
Homeowners pay a median $800 a year, which is about 0.98% 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 Brocton?
For the median home with 20% down at 7.11%, the payment is about $538 a month. Keeping that under 28% of gross income takes about $23,049 a year.
More about Brocton
- Mortgage Refinance in Brocton
- Debt Relief in Brocton
- Home Equity Loans in Brocton
- 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