The typical owner-occupied home in Shirley is worth about $84,800, 68% below the Illinois median of $263,300 and 75% below the national median of $332,700. Owners pay a median $3,404 a year in property taxes, about 4.01% of their home's value, higher than the Illinois rate of 2.01%. The median household earns $36,490 a year, so the median home costs 2.3 times the median income (3.2 times for Illinois). 100% of occupied homes here are lived in by their owners, and 97% of those owners still have a mortgage.
Shirley at a glance
| Shirley | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $84,800 | $263,300 | $332,700 |
| Median property tax paid per year | $3,404 | $5,298 | $3,119 |
| Property tax as a share of value | 4.01% | 2.01% | 0.94% |
| Median household income | $36,490 | $83,390 | $80,734 |
| Homes lived in by their owners | 100% | 67% | 65% |
| Owner homes with a mortgage | 97% | 61% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,987 | $1,963 |
| Median rent | – | $1,274 | $1,413 |
| Median year homes were built | 1972 | 1971 | 1980 |
| Vacant homes | 24.4% | 7.7% | 10.1% |
| Population | 103 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Shirley
At this week's average 30-year rate of 7.11%, buying the median Shirley home of $84,800 with 20% down costs about $775 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $916, 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 $33,217 for the 20%-down payment. That payment is 25% of the median Shirley household income of $36,490; at that income and 20% down, the 28% guideline points to a home of about $93,000.
| Down payment | $16,960 |
|---|---|
| Loan amount | $67,840 |
| Principal and interest | $456 |
| Property taxes (4.01% a year) | $283 |
| Homeowners insurance (our estimate, 0.5% a year) | $35 |
| PMI | $0 |
| Total per month | $775 |
Change the numbers in the calculator
| Down payment | $2,968 |
|---|---|
| Loan amount | $83,264 |
| Principal and interest | $560 |
| Property taxes (4.01% a year) | $283 |
| Homeowners insurance (our estimate, 0.5% a year) | $35 |
| FHA mortgage insurance | $38 |
| Total per month | $916 |
Change the numbers in the calculator
Questions about home buying in Shirley
What is the median home value in Shirley?
About $84,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Shirley?
Homeowners pay a median $3,404 a year, which is about 4.01% 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 Shirley?
For the median home with 20% down at 7.11%, the payment is about $775 a month. Keeping that under 28% of gross income takes about $33,217 a year.
More about Shirley
- Mortgage Refinance in Shirley
- Debt Relief in Shirley
- Home Equity Loans in Shirley
- 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