The typical owner-occupied home in Mulkeytown is worth about $73,700, 72% below the Illinois median of $263,300 and 78% below the national median of $332,700. The median household earns $32,438 a year, so the median home costs 2.3 times the median income (3.2 times for Illinois). 100% of occupied homes here are lived in by their owners, and 25% of those owners still have a mortgage.
Mulkeytown at a glance
| Mulkeytown | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $73,700 | $263,300 | $332,700 |
| Median property tax paid per year | – | $5,298 | $3,119 |
| Median household income | $32,438 | $83,390 | $80,734 |
| Homes lived in by their owners | 100% | 67% | 65% |
| Owner homes with a mortgage | 25% | 61% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,987 | $1,963 |
| Median rent | – | $1,274 | $1,413 |
| Median year homes were built | 1955 | 1971 | 1980 |
| Vacant homes | 28.2% | 7.7% | 10.1% |
| Population | 117 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Mulkeytown
At this week's average 30-year rate of 7.11%, buying the median Mulkeytown home of $73,700 with 20% down costs about $495 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $618, 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 $21,210 for the 20%-down payment. That payment is 18% of the median Mulkeytown household income of $32,438; at that income and 20% down, the 28% guideline points to a home of about $113,000.
| Down payment | $14,740 |
|---|---|
| Loan amount | $58,960 |
| Principal and interest | $397 |
| Property taxes (1.10% a year) | $68 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| PMI | $0 |
| Total per month | $495 |
Change the numbers in the calculator
| Down payment | $2,580 |
|---|---|
| Loan amount | $72,365 |
| Principal and interest | $487 |
| Property taxes (1.10% a year) | $68 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| FHA mortgage insurance | $33 |
| Total per month | $618 |
Change the numbers in the calculator
Questions about home buying in Mulkeytown
What is the median home value in Mulkeytown?
About $73,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Mulkeytown?
For the median home with 20% down at 7.11%, the payment is about $495 a month. Keeping that under 28% of gross income takes about $21,210 a year.
More about Mulkeytown
- Mortgage Refinance in Mulkeytown
- Debt Relief in Mulkeytown
- Home Equity Loans in Mulkeytown
- 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