The typical owner-occupied home in Crystal Lake is worth about $311,400, 18% above the Illinois median of $263,300 and 6% below the national median of $332,700. Owners pay a median $7,720 a year in property taxes, about 2.48% of their home's value, higher than the Illinois rate of 2.01%. The median household earns $108,418 a year, so the median home costs 2.9 times the median income (3.2 times for Illinois). 78% of occupied homes here are lived in by their owners, and 68% of those owners still have a mortgage.
Crystal Lake at a glance
| Crystal Lake | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $311,400 | $263,300 | $332,700 |
| Median property tax paid per year | $7,720 | $5,298 | $3,119 |
| Property tax as a share of value | 2.48% | 2.01% | 0.94% |
| Median household income | $108,418 | $83,390 | $80,734 |
| Homes lived in by their owners | 78% | 67% | 65% |
| Owner homes with a mortgage | 68% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,239 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 20.8% | 20.6% | 21.0% |
| Median rent | $1,468 | $1,274 | $1,413 |
| Rent as a share of renters' income | 30.6% | 29.1% | 30.6% |
| Median year homes were built | 1986 | 1971 | 1980 |
| Vacant homes | 2.9% | 7.7% | 10.1% |
| Population | 40,579 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Crystal Lake
At this week's average 30-year rate of 7.11%, buying the median Crystal Lake home of $311,400 with 20% down costs about $2,449 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,968, 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 $104,964 for the 20%-down payment. That payment is 27% of the median Crystal Lake household income of $108,418; at that income and 20% down, the 28% guideline points to a home of about $322,000.
The median rent here is $1,468 a month, so owning the median home costs about $981 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $62,280 |
|---|---|
| Loan amount | $249,120 |
| Principal and interest | $1,676 |
| Property taxes (2.48% a year) | $644 |
| Homeowners insurance (our estimate, 0.5% a year) | $130 |
| PMI | $0 |
| Total per month | $2,449 |
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| Down payment | $10,899 |
|---|---|
| Loan amount | $305,760 |
| Principal and interest | $2,057 |
| Property taxes (2.48% a year) | $644 |
| Homeowners insurance (our estimate, 0.5% a year) | $130 |
| FHA mortgage insurance | $138 |
| Total per month | $2,968 |
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Questions about home buying in Crystal Lake
What is the median home value in Crystal Lake?
About $311,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Crystal Lake?
Homeowners pay a median $7,720 a year, which is about 2.48% 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 Crystal Lake?
For the median home with 20% down at 7.11%, the payment is about $2,449 a month. Keeping that under 28% of gross income takes about $104,964 a year.
More about Crystal Lake
- Mortgage Refinance in Crystal Lake
- Debt Relief in Crystal Lake
- Home Equity Loans in Crystal Lake
- 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