The typical owner-occupied home in Alden is worth about $237,500, 10% below the Illinois median of $263,300 and 29% below the national median of $332,700. 77% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Alden at a glance
| Alden | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $237,500 | $263,300 | $332,700 |
| Median property tax paid per year | – | $5,298 | $3,119 |
| Median household income | – | $83,390 | $80,734 |
| Homes lived in by their owners | 77% | 67% | 65% |
| Owner homes with a mortgage | 58% | 61% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,987 | $1,963 |
| Median rent | – | $1,274 | $1,413 |
| Median year homes were built | 1938 | 1971 | 1980 |
| Vacant homes | 0.0% | 7.7% | 10.1% |
| Population | 48 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Alden
At this week's average 30-year rate of 7.11%, buying the median Alden home of $237,500 with 20% down costs about $1,595 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,990, 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 $68,349 for the 20%-down payment.
| Down payment | $47,500 |
|---|---|
| Loan amount | $190,000 |
| Principal and interest | $1,278 |
| Property taxes (1.10% a year) | $218 |
| Homeowners insurance (our estimate, 0.5% a year) | $99 |
| PMI | $0 |
| Total per month | $1,595 |
Change the numbers in the calculator
| Down payment | $8,312 |
|---|---|
| Loan amount | $233,198 |
| Principal and interest | $1,569 |
| Property taxes (1.10% a year) | $218 |
| Homeowners insurance (our estimate, 0.5% a year) | $99 |
| FHA mortgage insurance | $105 |
| Total per month | $1,990 |
Change the numbers in the calculator
Questions about home buying in Alden
What is the median home value in Alden?
About $237,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Alden?
For the median home with 20% down at 7.11%, the payment is about $1,595 a month. Keeping that under 28% of gross income takes about $68,349 a year.
More about Alden
- Mortgage Refinance in Alden
- Debt Relief in Alden
- Home Equity Loans in Alden
- 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