The typical owner-occupied home in West Liberty is worth about $52,000, 80% below the Illinois median of $263,300 and 84% below the national median of $332,700. Owners pay a median $960 a year in property taxes, about 1.85% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $35,556 a year, so the median home costs 1.5 times the median income (3.2 times for Illinois). 100% of occupied homes here are lived in by their owners, and 29% of those owners still have a mortgage.
West Liberty at a glance
| West Liberty | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $52,000 | $263,300 | $332,700 |
| Median property tax paid per year | $960 | $5,298 | $3,119 |
| Property tax as a share of value | 1.85% | 2.01% | 0.94% |
| Median household income | $35,556 | $83,390 | $80,734 |
| Homes lived in by their owners | 100% | 67% | 65% |
| Owner homes with a mortgage | 29% | 61% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,987 | $1,963 |
| Median rent | – | $1,274 | $1,413 |
| Median year homes were built | 1958 | 1971 | 1980 |
| Vacant homes | 0.0% | 7.7% | 10.1% |
| Population | 43 | 12,694,798 | 334,922,499 |
What a typical home costs per month in West Liberty
At this week's average 30-year rate of 7.11%, buying the median West Liberty home of $52,000 with 20% down costs about $382 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $468, 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 $16,358 for the 20%-down payment. That payment is 13% of the median West Liberty household income of $35,556; at that income and 20% down, the 28% guideline points to a home of about $113,000.
| Down payment | $10,400 |
|---|---|
| Loan amount | $41,600 |
| Principal and interest | $280 |
| Property taxes (1.85% a year) | $80 |
| Homeowners insurance (our estimate, 0.5% a year) | $22 |
| PMI | $0 |
| Total per month | $382 |
Change the numbers in the calculator
| Down payment | $1,820 |
|---|---|
| Loan amount | $51,058 |
| Principal and interest | $343 |
| Property taxes (1.85% a year) | $80 |
| Homeowners insurance (our estimate, 0.5% a year) | $22 |
| FHA mortgage insurance | $23 |
| Total per month | $468 |
Change the numbers in the calculator
Questions about home buying in West Liberty
What is the median home value in West Liberty?
About $52,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in West Liberty?
Homeowners pay a median $960 a year, which is about 1.85% 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 West Liberty?
For the median home with 20% down at 7.11%, the payment is about $382 a month. Keeping that under 28% of gross income takes about $16,358 a year.
More about West Liberty
- Mortgage Refinance in West Liberty
- Debt Relief in West Liberty
- Home Equity Loans in West Liberty
- 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