The typical owner-occupied home in Beecher City is worth about $90,800, 66% below the Illinois median of $263,300 and 73% below the national median of $332,700. Owners pay a median $796 a year in property taxes, about 0.88% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $43,750 a year, so the median home costs 2.1 times the median income (3.2 times for Illinois). 52% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Beecher City at a glance
| Beecher City | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $90,800 | $263,300 | $332,700 |
| Median property tax paid per year | $796 | $5,298 | $3,119 |
| Property tax as a share of value | 0.88% | 2.01% | 0.94% |
| Median household income | $43,750 | $83,390 | $80,734 |
| Homes lived in by their owners | 52% | 67% | 65% |
| Owner homes with a mortgage | 62% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $861 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 25.2% | 20.6% | 21.0% |
| Median rent | $596 | $1,274 | $1,413 |
| Rent as a share of renters' income | 23.8% | 29.1% | 30.6% |
| Median year homes were built | 1965 | 1971 | 1980 |
| Vacant homes | 7.6% | 7.7% | 10.1% |
| Population | 414 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Beecher City
At this week's average 30-year rate of 7.11%, buying the median Beecher City home of $90,800 with 20% down costs about $593 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $744, 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 $25,417 for the 20%-down payment. That payment is 16% of the median Beecher City household income of $43,750; at that income and 20% down, the 28% guideline points to a home of about $156,000.
The median rent here is $596 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $18,160 |
|---|---|
| Loan amount | $72,640 |
| Principal and interest | $489 |
| Property taxes (0.88% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| PMI | $0 |
| Total per month | $593 |
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| Down payment | $3,178 |
|---|---|
| Loan amount | $89,155 |
| Principal and interest | $600 |
| Property taxes (0.88% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| FHA mortgage insurance | $40 |
| Total per month | $744 |
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Questions about home buying in Beecher City
What is the median home value in Beecher City?
About $90,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Beecher City?
Homeowners pay a median $796 a year, which is about 0.88% 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 Beecher City?
For the median home with 20% down at 7.11%, the payment is about $593 a month. Keeping that under 28% of gross income takes about $25,417 a year.
More about Beecher City
- Mortgage Refinance in Beecher City
- Debt Relief in Beecher City
- Home Equity Loans in Beecher City
- 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