The typical owner-occupied home in Nason is worth about $73,600, 72% below the Illinois median of $263,300 and 78% below the national median of $332,700. Owners pay a median $1,016 a year in property taxes, about 1.38% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $50,052 a year, so the median home costs 1.5 times the median income (3.2 times for Illinois). 94% of occupied homes here are lived in by their owners, and 32% of those owners still have a mortgage.
Nason at a glance
| Nason | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $73,600 | $263,300 | $332,700 |
| Median property tax paid per year | $1,016 | $5,298 | $3,119 |
| Property tax as a share of value | 1.38% | 2.01% | 0.94% |
| Median household income | $50,052 | $83,390 | $80,734 |
| Homes lived in by their owners | 94% | 67% | 65% |
| Owner homes with a mortgage | 32% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $877 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 24.6% | 20.6% | 21.0% |
| Median rent | – | $1,274 | $1,413 |
| Median year homes were built | 1971 | 1971 | 1980 |
| Vacant homes | 17.8% | 7.7% | 10.1% |
| Population | 203 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Nason
At this week's average 30-year rate of 7.11%, buying the median Nason home of $73,600 with 20% down costs about $511 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 $21,917 for the 20%-down payment. That payment is 12% of the median Nason household income of $50,052; at that income and 20% down, the 28% guideline points to a home of about $168,000.
| Down payment | $14,720 |
|---|---|
| Loan amount | $58,880 |
| Principal and interest | $396 |
| Property taxes (1.38% a year) | $85 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| PMI | $0 |
| Total per month | $511 |
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| Down payment | $2,576 |
|---|---|
| Loan amount | $72,267 |
| Principal and interest | $486 |
| Property taxes (1.38% a year) | $85 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| FHA mortgage insurance | $33 |
| Total per month | $634 |
Change the numbers in the calculator
Questions about home buying in Nason
What is the median home value in Nason?
About $73,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Nason?
Homeowners pay a median $1,016 a year, which is about 1.38% 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 Nason?
For the median home with 20% down at 7.11%, the payment is about $511 a month. Keeping that under 28% of gross income takes about $21,917 a year.
More about Nason
- Mortgage Refinance in Nason
- Debt Relief in Nason
- Home Equity Loans in Nason
- 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