The typical owner-occupied home in Niantic is worth about $114,800, 56% below the Illinois median of $263,300 and 65% below the national median of $332,700. Owners pay a median $2,430 a year in property taxes, about 2.12% of their home's value, higher than the Illinois rate of 2.01%. The median household earns $67,155 a year, so the median home costs 1.7 times the median income (3.2 times for Illinois). 89% of occupied homes here are lived in by their owners, and 72% of those owners still have a mortgage.
Niantic at a glance
| Niantic | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $114,800 | $263,300 | $332,700 |
| Median property tax paid per year | $2,430 | $5,298 | $3,119 |
| Property tax as a share of value | 2.12% | 2.01% | 0.94% |
| Median household income | $67,155 | $83,390 | $80,734 |
| Homes lived in by their owners | 89% | 67% | 65% |
| Owner homes with a mortgage | 72% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,262 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 19.4% | 20.6% | 21.0% |
| Median rent | $1,066 | $1,274 | $1,413 |
| Rent as a share of renters' income | 51.0% | 29.1% | 30.6% |
| Median year homes were built | 1944 | 1971 | 1980 |
| Vacant homes | 14.7% | 7.7% | 10.1% |
| Population | 671 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Niantic
At this week's average 30-year rate of 7.11%, buying the median Niantic home of $114,800 with 20% down costs about $868 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,060, 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 $37,220 for the 20%-down payment. That payment is 16% of the median Niantic household income of $67,155; at that income and 20% down, the 28% guideline points to a home of about $207,000.
The median rent here is $1,066 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $22,960 |
|---|---|
| Loan amount | $91,840 |
| Principal and interest | $618 |
| Property taxes (2.12% a year) | $203 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| PMI | $0 |
| Total per month | $868 |
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| Down payment | $4,018 |
|---|---|
| Loan amount | $112,721 |
| Principal and interest | $758 |
| Property taxes (2.12% a year) | $203 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| FHA mortgage insurance | $51 |
| Total per month | $1,060 |
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Questions about home buying in Niantic
What is the median home value in Niantic?
About $114,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Niantic?
Homeowners pay a median $2,430 a year, which is about 2.12% 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 Niantic?
For the median home with 20% down at 7.11%, the payment is about $868 a month. Keeping that under 28% of gross income takes about $37,220 a year.
More about Niantic
- Mortgage Refinance in Niantic
- Debt Relief in Niantic
- Home Equity Loans in Niantic
- 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