The typical owner-occupied home in Elburn is worth about $389,300, 48% above the Illinois median of $263,300 and 17% above the national median of $332,700. Owners pay a median $8,761 a year in property taxes, about 2.25% of their home's value, higher than the Illinois rate of 2.01%. The median household earns $127,731 a year, so the median home costs 3.0 times the median income (3.2 times for Illinois). 90% of occupied homes here are lived in by their owners, and 73% of those owners still have a mortgage.
Elburn at a glance
| Elburn | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $389,300 | $263,300 | $332,700 |
| Median property tax paid per year | $8,761 | $5,298 | $3,119 |
| Property tax as a share of value | 2.25% | 2.01% | 0.94% |
| Median household income | $127,731 | $83,390 | $80,734 |
| Homes lived in by their owners | 90% | 67% | 65% |
| Owner homes with a mortgage | 73% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,344 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 19.4% | 20.6% | 21.0% |
| Median rent | $1,708 | $1,274 | $1,413 |
| Rent as a share of renters' income | 36.4% | 29.1% | 30.6% |
| Median year homes were built | 2000 | 1971 | 1980 |
| Vacant homes | 9.8% | 7.7% | 10.1% |
| Population | 6,354 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Elburn
At this week's average 30-year rate of 7.11%, buying the median Elburn home of $389,300 with 20% down costs about $2,987 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,636, 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 $128,024 for the 20%-down payment. That payment is 28% of the median Elburn household income of $127,731; at that income and 20% down, the 28% guideline points to a home of about $388,000.
The median rent here is $1,708 a month, so owning the median home costs about $1,279 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $77,860 |
|---|---|
| Loan amount | $311,440 |
| Principal and interest | $2,095 |
| Property taxes (2.25% a year) | $730 |
| Homeowners insurance (our estimate, 0.5% a year) | $162 |
| PMI | $0 |
| Total per month | $2,987 |
Change the numbers in the calculator
| Down payment | $13,626 |
|---|---|
| Loan amount | $382,249 |
| Principal and interest | $2,571 |
| Property taxes (2.25% a year) | $730 |
| Homeowners insurance (our estimate, 0.5% a year) | $162 |
| FHA mortgage insurance | $172 |
| Total per month | $3,636 |
Change the numbers in the calculator
Questions about home buying in Elburn
What is the median home value in Elburn?
About $389,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Elburn?
Homeowners pay a median $8,761 a year, which is about 2.25% 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 Elburn?
For the median home with 20% down at 7.11%, the payment is about $2,987 a month. Keeping that under 28% of gross income takes about $128,024 a year.
More about Elburn
- Mortgage Refinance in Elburn
- Debt Relief in Elburn
- Home Equity Loans in Elburn
- 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