The typical owner-occupied home in Leonore is worth about $76,300, 71% below the Illinois median of $263,300 and 77% below the national median of $332,700. The median household earns $47,500 a year, so the median home costs 1.6 times the median income (3.2 times for Illinois). 85% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Leonore at a glance
| Leonore | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $76,300 | $263,300 | $332,700 |
| Median property tax paid per year | – | $5,298 | $3,119 |
| Median household income | $47,500 | $83,390 | $80,734 |
| Homes lived in by their owners | 85% | 67% | 65% |
| Owner homes with a mortgage | 38% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,161 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 12.5% | 20.6% | 21.0% |
| Median rent | $942 | $1,274 | $1,413 |
| Rent as a share of renters' income | 51.0% | 29.1% | 30.6% |
| Median year homes were built | 1955 | 1971 | 1980 |
| Vacant homes | 20.7% | 7.7% | 10.1% |
| Population | 97 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Leonore
At this week's average 30-year rate of 7.11%, buying the median Leonore home of $76,300 with 20% down costs about $512 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $639, 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 $21,958 for the 20%-down payment. That payment is 13% of the median Leonore household income of $47,500; at that income and 20% down, the 28% guideline points to a home of about $165,000.
The median rent here is $942 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $15,260 |
|---|---|
| Loan amount | $61,040 |
| Principal and interest | $411 |
| Property taxes (1.10% a year) | $70 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| PMI | $0 |
| Total per month | $512 |
Change the numbers in the calculator
| Down payment | $2,670 |
|---|---|
| Loan amount | $74,918 |
| Principal and interest | $504 |
| Property taxes (1.10% a year) | $70 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| FHA mortgage insurance | $34 |
| Total per month | $639 |
Change the numbers in the calculator
Questions about home buying in Leonore
What is the median home value in Leonore?
About $76,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Leonore?
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 $21,958 a year.
More about Leonore
- Mortgage Refinance in Leonore
- Debt Relief in Leonore
- Home Equity Loans in Leonore
- 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