The typical owner-occupied home in Edwardsville is worth about $299,800, 14% above the Illinois median of $263,300 and 10% below the national median of $332,700. Owners pay a median $5,518 a year in property taxes, about 1.84% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $86,721 a year, so the median home costs 3.5 times the median income (3.2 times for Illinois). 67% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Edwardsville at a glance
| Edwardsville | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $299,800 | $263,300 | $332,700 |
| Median property tax paid per year | $5,518 | $5,298 | $3,119 |
| Property tax as a share of value | 1.84% | 2.01% | 0.94% |
| Median household income | $86,721 | $83,390 | $80,734 |
| Homes lived in by their owners | 67% | 67% | 65% |
| Owner homes with a mortgage | 64% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,040 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 18.3% | 20.6% | 21.0% |
| Median rent | $1,306 | $1,274 | $1,413 |
| Rent as a share of renters' income | 29.6% | 29.1% | 30.6% |
| Median year homes were built | 1986 | 1971 | 1980 |
| Vacant homes | 7.4% | 7.7% | 10.1% |
| Population | 26,474 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Edwardsville
At this week's average 30-year rate of 7.11%, buying the median Edwardsville home of $299,800 with 20% down costs about $2,198 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,697, 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 $94,201 for the 20%-down payment. That payment is 30% of the median Edwardsville household income of $86,721; at that income and 20% down, the 28% guideline points to a home of about $276,000.
The median rent here is $1,306 a month, so owning the median home costs about $892 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $59,960 |
|---|---|
| Loan amount | $239,840 |
| Principal and interest | $1,613 |
| Property taxes (1.84% a year) | $460 |
| Homeowners insurance (our estimate, 0.5% a year) | $125 |
| PMI | $0 |
| Total per month | $2,198 |
Change the numbers in the calculator
| Down payment | $10,493 |
|---|---|
| Loan amount | $294,370 |
| Principal and interest | $1,980 |
| Property taxes (1.84% a year) | $460 |
| Homeowners insurance (our estimate, 0.5% a year) | $125 |
| FHA mortgage insurance | $133 |
| Total per month | $2,697 |
Change the numbers in the calculator
Questions about home buying in Edwardsville
What is the median home value in Edwardsville?
About $299,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Edwardsville?
Homeowners pay a median $5,518 a year, which is about 1.84% 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 Edwardsville?
For the median home with 20% down at 7.11%, the payment is about $2,198 a month. Keeping that under 28% of gross income takes about $94,201 a year.
More about Edwardsville
- Mortgage Refinance in Edwardsville
- Debt Relief in Edwardsville
- Home Equity Loans in Edwardsville
- 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