The typical owner-occupied home in Bushnell is worth about $71,900, 73% below the Illinois median of $263,300 and 78% below the national median of $332,700. Owners pay a median $1,209 a year in property taxes, about 1.68% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $67,518 a year, so the median home costs 1.1 times the median income (3.2 times for Illinois). 71% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Bushnell at a glance
| Bushnell | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $71,900 | $263,300 | $332,700 |
| Median property tax paid per year | $1,209 | $5,298 | $3,119 |
| Property tax as a share of value | 1.68% | 2.01% | 0.94% |
| Median household income | $67,518 | $83,390 | $80,734 |
| Homes lived in by their owners | 71% | 67% | 65% |
| Owner homes with a mortgage | 54% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $964 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 14.6% | 20.6% | 21.0% |
| Median rent | $648 | $1,274 | $1,413 |
| Rent as a share of renters' income | 27.1% | 29.1% | 30.6% |
| Median year homes were built | 1944 | 1971 | 1980 |
| Vacant homes | 14.7% | 7.7% | 10.1% |
| Population | 2,677 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Bushnell
At this week's average 30-year rate of 7.11%, buying the median Bushnell home of $71,900 with 20% down costs about $518 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $637, 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 $22,181 for the 20%-down payment. That payment is 9% of the median Bushnell household income of $67,518; at that income and 20% down, the 28% guideline points to a home of about $219,000.
The median rent here is $648 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $14,380 |
|---|---|
| Loan amount | $57,520 |
| Principal and interest | $387 |
| Property taxes (1.68% a year) | $101 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| PMI | $0 |
| Total per month | $518 |
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| Down payment | $2,516 |
|---|---|
| Loan amount | $70,598 |
| Principal and interest | $475 |
| Property taxes (1.68% a year) | $101 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| FHA mortgage insurance | $32 |
| Total per month | $637 |
Change the numbers in the calculator
Questions about home buying in Bushnell
What is the median home value in Bushnell?
About $71,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bushnell?
Homeowners pay a median $1,209 a year, which is about 1.68% 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 Bushnell?
For the median home with 20% down at 7.11%, the payment is about $518 a month. Keeping that under 28% of gross income takes about $22,181 a year.
More about Bushnell
- Mortgage Refinance in Bushnell
- Debt Relief in Bushnell
- Home Equity Loans in Bushnell
- 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