The typical owner-occupied home in Lewistown is worth about $102,200, 61% below the Illinois median of $263,300 and 69% below the national median of $332,700. Owners pay a median $1,793 a year in property taxes, about 1.75% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $54,000 a year, so the median home costs 1.9 times the median income (3.2 times for Illinois). 66% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Lewistown at a glance
| Lewistown | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $102,200 | $263,300 | $332,700 |
| Median property tax paid per year | $1,793 | $5,298 | $3,119 |
| Property tax as a share of value | 1.75% | 2.01% | 0.94% |
| Median household income | $54,000 | $83,390 | $80,734 |
| Homes lived in by their owners | 66% | 67% | 65% |
| Owner homes with a mortgage | 54% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $982 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 14.6% | 20.6% | 21.0% |
| Median rent | $599 | $1,274 | $1,413 |
| Rent as a share of renters' income | 25.1% | 29.1% | 30.6% |
| Median year homes were built | 1958 | 1971 | 1980 |
| Vacant homes | 13.8% | 7.7% | 10.1% |
| Population | 1,781 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Lewistown
At this week's average 30-year rate of 7.11%, buying the median Lewistown home of $102,200 with 20% down costs about $742 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $912, 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 $31,784 for the 20%-down payment. That payment is 16% of the median Lewistown household income of $54,000; at that income and 20% down, the 28% guideline points to a home of about $174,000.
The median rent here is $599 a month, so owning the median home costs about $143 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $20,440 |
|---|---|
| Loan amount | $81,760 |
| Principal and interest | $550 |
| Property taxes (1.75% a year) | $149 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| PMI | $0 |
| Total per month | $742 |
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| Down payment | $3,577 |
|---|---|
| Loan amount | $100,349 |
| Principal and interest | $675 |
| Property taxes (1.75% a year) | $149 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| FHA mortgage insurance | $45 |
| Total per month | $912 |
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Questions about home buying in Lewistown
What is the median home value in Lewistown?
About $102,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lewistown?
Homeowners pay a median $1,793 a year, which is about 1.75% 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 Lewistown?
For the median home with 20% down at 7.11%, the payment is about $742 a month. Keeping that under 28% of gross income takes about $31,784 a year.
More about Lewistown
- Mortgage Refinance in Lewistown
- Debt Relief in Lewistown
- Home Equity Loans in Lewistown
- 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