The typical owner-occupied home in Fox River Grove is worth about $298,900, 14% above the Illinois median of $263,300 and 10% below the national median of $332,700. Owners pay a median $7,991 a year in property taxes, about 2.67% of their home's value, higher than the Illinois rate of 2.01%. The median household earns $121,506 a year, so the median home costs 2.5 times the median income (3.2 times for Illinois). 87% of occupied homes here are lived in by their owners, and 72% of those owners still have a mortgage.
Fox River Grove at a glance
| Fox River Grove | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $298,900 | $263,300 | $332,700 |
| Median property tax paid per year | $7,991 | $5,298 | $3,119 |
| Property tax as a share of value | 2.67% | 2.01% | 0.94% |
| Median household income | $121,506 | $83,390 | $80,734 |
| Homes lived in by their owners | 87% | 67% | 65% |
| Owner homes with a mortgage | 72% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,336 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 21.6% | 20.6% | 21.0% |
| Median rent | $2,210 | $1,274 | $1,413 |
| Rent as a share of renters' income | 33.6% | 29.1% | 30.6% |
| Median year homes were built | 1980 | 1971 | 1980 |
| Vacant homes | 5.7% | 7.7% | 10.1% |
| Population | 4,523 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Fox River Grove
At this week's average 30-year rate of 7.11%, buying the median Fox River Grove home of $298,900 with 20% down costs about $2,398 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,896, 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 $102,779 for the 20%-down payment. That payment is 24% of the median Fox River Grove household income of $121,506; at that income and 20% down, the 28% guideline points to a home of about $353,000.
The median rent here is $2,210 a month, so owning the median home costs about $188 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $59,780 |
|---|---|
| Loan amount | $239,120 |
| Principal and interest | $1,609 |
| Property taxes (2.67% a year) | $665 |
| Homeowners insurance (our estimate, 0.5% a year) | $125 |
| PMI | $0 |
| Total per month | $2,398 |
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| Down payment | $10,462 |
|---|---|
| Loan amount | $293,486 |
| Principal and interest | $1,974 |
| Property taxes (2.67% a year) | $665 |
| Homeowners insurance (our estimate, 0.5% a year) | $125 |
| FHA mortgage insurance | $132 |
| Total per month | $2,896 |
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Questions about home buying in Fox River Grove
What is the median home value in Fox River Grove?
About $298,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Fox River Grove?
Homeowners pay a median $7,991 a year, which is about 2.67% 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 Fox River Grove?
For the median home with 20% down at 7.11%, the payment is about $2,398 a month. Keeping that under 28% of gross income takes about $102,779 a year.
More about Fox River Grove
- Mortgage Refinance in Fox River Grove
- Debt Relief in Fox River Grove
- Home Equity Loans in Fox River Grove
- 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