The typical owner-occupied home in Hillview is worth about $62,500, 76% below the Illinois median of $263,300 and 81% below the national median of $332,700. Owners pay a median $438 a year in property taxes, about 0.70% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $59,375 a year, so the median home costs 1.1 times the median income (3.2 times for Illinois). 94% of occupied homes here are lived in by their owners, and 16% of those owners still have a mortgage.
Hillview at a glance
| Hillview | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $62,500 | $263,300 | $332,700 |
| Median property tax paid per year | $438 | $5,298 | $3,119 |
| Property tax as a share of value | 0.70% | 2.01% | 0.94% |
| Median household income | $59,375 | $83,390 | $80,734 |
| Homes lived in by their owners | 94% | 67% | 65% |
| Owner homes with a mortgage | 16% | 61% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,987 | $1,963 |
| Median rent | – | $1,274 | $1,413 |
| Median year homes were built | 1938 | 1971 | 1980 |
| Vacant homes | 40.0% | 7.7% | 10.1% |
| Population | 99 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Hillview
At this week's average 30-year rate of 7.11%, buying the median Hillview home of $62,500 with 20% down costs about $399 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $503, 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 $17,094 for the 20%-down payment. That payment is 8% of the median Hillview household income of $59,375; at that income and 20% down, the 28% guideline points to a home of about $217,000.
| Down payment | $12,500 |
|---|---|
| Loan amount | $50,000 |
| Principal and interest | $336 |
| Property taxes (0.70% a year) | $36 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| PMI | $0 |
| Total per month | $399 |
Change the numbers in the calculator
| Down payment | $2,188 |
|---|---|
| Loan amount | $61,368 |
| Principal and interest | $413 |
| Property taxes (0.70% a year) | $36 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| FHA mortgage insurance | $28 |
| Total per month | $503 |
Change the numbers in the calculator
Questions about home buying in Hillview
What is the median home value in Hillview?
About $62,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hillview?
Homeowners pay a median $438 a year, which is about 0.70% 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 Hillview?
For the median home with 20% down at 7.11%, the payment is about $399 a month. Keeping that under 28% of gross income takes about $17,094 a year.
More about Hillview
- Mortgage Refinance in Hillview
- Debt Relief in Hillview
- Home Equity Loans in Hillview
- 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