The typical owner-occupied home in Havana is worth about $95,300, 64% below the Illinois median of $263,300 and 71% below the national median of $332,700. Owners pay a median $1,979 a year in property taxes, about 2.08% of their home's value, close to the Illinois rate of 2.01%. The median household earns $41,184 a year, so the median home costs 2.3 times the median income (3.2 times for Illinois). 75% of occupied homes here are lived in by their owners, and 28% of those owners still have a mortgage.
Havana at a glance
| Havana | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $95,300 | $263,300 | $332,700 |
| Median property tax paid per year | $1,979 | $5,298 | $3,119 |
| Property tax as a share of value | 2.08% | 2.01% | 0.94% |
| Median household income | $41,184 | $83,390 | $80,734 |
| Homes lived in by their owners | 75% | 67% | 65% |
| Owner homes with a mortgage | 28% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,108 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 15.8% | 20.6% | 21.0% |
| Median rent | $625 | $1,274 | $1,413 |
| Rent as a share of renters' income | 51.0% | 29.1% | 30.6% |
| Median year homes were built | 1957 | 1971 | 1980 |
| Vacant homes | 9.9% | 7.7% | 10.1% |
| Population | 2,989 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Havana
At this week's average 30-year rate of 7.11%, buying the median Havana home of $95,300 with 20% down costs about $718 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $877, 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 $30,762 for the 20%-down payment. That payment is 21% of the median Havana household income of $41,184; at that income and 20% down, the 28% guideline points to a home of about $128,000.
The median rent here is $625 a month, so owning the median home costs about $93 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $19,060 |
|---|---|
| Loan amount | $76,240 |
| Principal and interest | $513 |
| Property taxes (2.08% a year) | $165 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $718 |
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| Down payment | $3,336 |
|---|---|
| Loan amount | $93,574 |
| Principal and interest | $629 |
| Property taxes (2.08% a year) | $165 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $42 |
| Total per month | $877 |
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Questions about home buying in Havana
What is the median home value in Havana?
About $95,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Havana?
Homeowners pay a median $1,979 a year, which is about 2.08% 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 Havana?
For the median home with 20% down at 7.11%, the payment is about $718 a month. Keeping that under 28% of gross income takes about $30,762 a year.
More about Havana
- Mortgage Refinance in Havana
- Debt Relief in Havana
- Home Equity Loans in Havana
- 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