The typical owner-occupied home in Karnak is worth about $67,100, 75% below the Illinois median of $263,300 and 80% below the national median of $332,700. Owners pay a median $609 a year in property taxes, about 0.91% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $46,818 a year, so the median home costs 1.4 times the median income (3.2 times for Illinois). 78% of occupied homes here are lived in by their owners, and 37% of those owners still have a mortgage.
Karnak at a glance
| Karnak | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $67,100 | $263,300 | $332,700 |
| Median property tax paid per year | $609 | $5,298 | $3,119 |
| Property tax as a share of value | 0.91% | 2.01% | 0.94% |
| Median household income | $46,818 | $83,390 | $80,734 |
| Homes lived in by their owners | 78% | 67% | 65% |
| Owner homes with a mortgage | 37% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $797 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 16.8% | 20.6% | 21.0% |
| Median rent | $686 | $1,274 | $1,413 |
| Rent as a share of renters' income | 25.8% | 29.1% | 30.6% |
| Median year homes were built | 1959 | 1971 | 1980 |
| Vacant homes | 19.8% | 7.7% | 10.1% |
| Population | 466 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Karnak
At this week's average 30-year rate of 7.11%, buying the median Karnak home of $67,100 with 20% down costs about $440 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $552, 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 $18,855 for the 20%-down payment. That payment is 11% of the median Karnak household income of $46,818; at that income and 20% down, the 28% guideline points to a home of about $167,000.
The median rent here is $686 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $13,420 |
|---|---|
| Loan amount | $53,680 |
| Principal and interest | $361 |
| Property taxes (0.91% a year) | $51 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| PMI | $0 |
| Total per month | $440 |
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| Down payment | $2,348 |
|---|---|
| Loan amount | $65,885 |
| Principal and interest | $443 |
| Property taxes (0.91% a year) | $51 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| FHA mortgage insurance | $30 |
| Total per month | $552 |
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Questions about home buying in Karnak
What is the median home value in Karnak?
About $67,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Karnak?
Homeowners pay a median $609 a year, which is about 0.91% 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 Karnak?
For the median home with 20% down at 7.11%, the payment is about $440 a month. Keeping that under 28% of gross income takes about $18,855 a year.
More about Karnak
- Mortgage Refinance in Karnak
- Debt Relief in Karnak
- Home Equity Loans in Karnak
- 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