The typical owner-occupied home in Walnut Hill is worth about $31,600, 88% below the Illinois median of $263,300 and 91% below the national median of $332,700. Owners pay a median $355 a year in property taxes, about 1.12% of their home's value, lower than the Illinois rate of 2.01%. 84% of occupied homes here are lived in by their owners, and 16% of those owners still have a mortgage.
Walnut Hill at a glance
| Walnut Hill | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $31,600 | $263,300 | $332,700 |
| Median property tax paid per year | $355 | $5,298 | $3,119 |
| Property tax as a share of value | 1.12% | 2.01% | 0.94% |
| Median household income | – | $83,390 | $80,734 |
| Homes lived in by their owners | 84% | 67% | 65% |
| Owner homes with a mortgage | 16% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $950 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 45.0% | 20.6% | 21.0% |
| Median rent | – | $1,274 | $1,413 |
| Median year homes were built | 1955 | 1971 | 1980 |
| Vacant homes | 21.5% | 7.7% | 10.1% |
| Population | 127 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Walnut Hill
At this week's average 30-year rate of 7.11%, buying the median Walnut Hill home of $31,600 with 20% down costs about $213 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $265, 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 $9,117 for the 20%-down payment.
| Down payment | $6,320 |
|---|---|
| Loan amount | $25,280 |
| Principal and interest | $170 |
| Property taxes (1.12% a year) | $29 |
| Homeowners insurance (our estimate, 0.5% a year) | $13 |
| PMI | $0 |
| Total per month | $213 |
Change the numbers in the calculator
| Down payment | $1,106 |
|---|---|
| Loan amount | $31,028 |
| Principal and interest | $209 |
| Property taxes (1.12% a year) | $29 |
| Homeowners insurance (our estimate, 0.5% a year) | $13 |
| FHA mortgage insurance | $14 |
| Total per month | $265 |
Change the numbers in the calculator
Questions about home buying in Walnut Hill
What is the median home value in Walnut Hill?
About $31,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Walnut Hill?
Homeowners pay a median $355 a year, which is about 1.12% 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 Walnut Hill?
For the median home with 20% down at 7.11%, the payment is about $213 a month. Keeping that under 28% of gross income takes about $9,117 a year.
More about Walnut Hill
- Mortgage Refinance in Walnut Hill
- Debt Relief in Walnut Hill
- Home Equity Loans in Walnut Hill
- 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