The typical owner-occupied home in Bonnie is worth about $73,200, 72% below the Illinois median of $263,300 and 78% below the national median of $332,700. Owners pay a median $1,056 a year in property taxes, about 1.44% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $60,536 a year, so the median home costs 1.2 times the median income (3.2 times for Illinois). 79% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Bonnie at a glance
| Bonnie | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $73,200 | $263,300 | $332,700 |
| Median property tax paid per year | $1,056 | $5,298 | $3,119 |
| Property tax as a share of value | 1.44% | 2.01% | 0.94% |
| Median household income | $60,536 | $83,390 | $80,734 |
| Homes lived in by their owners | 79% | 67% | 65% |
| Owner homes with a mortgage | 42% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,015 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 21.3% | 20.6% | 21.0% |
| Median rent | $1,018 | $1,274 | $1,413 |
| Median year homes were built | 1977 | 1971 | 1980 |
| Vacant homes | 17.2% | 7.7% | 10.1% |
| Population | 461 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Bonnie
At this week's average 30-year rate of 7.11%, buying the median Bonnie home of $73,200 with 20% down costs about $512 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $634, 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 $21,955 for the 20%-down payment. That payment is 10% of the median Bonnie household income of $60,536; at that income and 20% down, the 28% guideline points to a home of about $202,000.
The median rent here is $1,018 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $14,640 |
|---|---|
| Loan amount | $58,560 |
| Principal and interest | $394 |
| Property taxes (1.44% a year) | $88 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| PMI | $0 |
| Total per month | $512 |
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| Down payment | $2,562 |
|---|---|
| Loan amount | $71,874 |
| Principal and interest | $484 |
| Property taxes (1.44% a year) | $88 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| FHA mortgage insurance | $32 |
| Total per month | $634 |
Change the numbers in the calculator
Questions about home buying in Bonnie
What is the median home value in Bonnie?
About $73,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bonnie?
Homeowners pay a median $1,056 a year, which is about 1.44% 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 Bonnie?
For the median home with 20% down at 7.11%, the payment is about $512 a month. Keeping that under 28% of gross income takes about $21,955 a year.
More about Bonnie
- Mortgage Refinance in Bonnie
- Debt Relief in Bonnie
- Home Equity Loans in Bonnie
- 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