The typical owner-occupied home in Sugar Grove is worth about $401,900, 53% above the Illinois median of $263,300 and 21% above the national median of $332,700. Owners pay a median $9,221 a year in property taxes, about 2.29% of their home's value, higher than the Illinois rate of 2.01%. The median household earns $121,207 a year, so the median home costs 3.3 times the median income (3.2 times for Illinois). 93% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Sugar Grove at a glance
| Sugar Grove | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $401,900 | $263,300 | $332,700 |
| Median property tax paid per year | $9,221 | $5,298 | $3,119 |
| Property tax as a share of value | 2.29% | 2.01% | 0.94% |
| Median household income | $121,207 | $83,390 | $80,734 |
| Homes lived in by their owners | 93% | 67% | 65% |
| Owner homes with a mortgage | 63% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,676 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 22.3% | 20.6% | 21.0% |
| Median rent | $1,543 | $1,274 | $1,413 |
| Rent as a share of renters' income | 28.6% | 29.1% | 30.6% |
| Median year homes were built | 2002 | 1971 | 1980 |
| Vacant homes | 2.9% | 7.7% | 10.1% |
| Population | 9,240 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Sugar Grove
At this week's average 30-year rate of 7.11%, buying the median Sugar Grove home of $401,900 with 20% down costs about $3,097 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,767, 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 $132,742 for the 20%-down payment. That payment is 31% of the median Sugar Grove household income of $121,207; at that income and 20% down, the 28% guideline points to a home of about $367,000.
The median rent here is $1,543 a month, so owning the median home costs about $1,554 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $80,380 |
|---|---|
| Loan amount | $321,520 |
| Principal and interest | $2,163 |
| Property taxes (2.29% a year) | $767 |
| Homeowners insurance (our estimate, 0.5% a year) | $167 |
| PMI | $0 |
| Total per month | $3,097 |
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| Down payment | $14,066 |
|---|---|
| Loan amount | $394,621 |
| Principal and interest | $2,655 |
| Property taxes (2.29% a year) | $767 |
| Homeowners insurance (our estimate, 0.5% a year) | $167 |
| FHA mortgage insurance | $178 |
| Total per month | $3,767 |
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Questions about home buying in Sugar Grove
What is the median home value in Sugar Grove?
About $401,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sugar Grove?
Homeowners pay a median $9,221 a year, which is about 2.29% 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 Sugar Grove?
For the median home with 20% down at 7.11%, the payment is about $3,097 a month. Keeping that under 28% of gross income takes about $132,742 a year.
More about Sugar Grove
- Mortgage Refinance in Sugar Grove
- Debt Relief in Sugar Grove
- Home Equity Loans in Sugar Grove
- 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