The typical owner-occupied home in Ohlman is worth about $46,200, 82% below the Illinois median of $263,300 and 86% below the national median of $332,700. Owners pay a median $850 a year in property taxes, about 1.84% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $46,250 a year, so the median home costs 1.0 times the median income (3.2 times for Illinois). 98% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Ohlman at a glance
| Ohlman | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $46,200 | $263,300 | $332,700 |
| Median property tax paid per year | $850 | $5,298 | $3,119 |
| Property tax as a share of value | 1.84% | 2.01% | 0.94% |
| Median household income | $46,250 | $83,390 | $80,734 |
| Homes lived in by their owners | 98% | 67% | 65% |
| Owner homes with a mortgage | 34% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $675 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 13.2% | 20.6% | 21.0% |
| Median rent | – | $1,274 | $1,413 |
| Median year homes were built | 1941 | 1971 | 1980 |
| Vacant homes | 0.0% | 7.7% | 10.1% |
| Population | 59 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Ohlman
At this week's average 30-year rate of 7.11%, buying the median Ohlman home of $46,200 with 20% down costs about $339 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $416, 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 $14,517 for the 20%-down payment. That payment is 9% of the median Ohlman household income of $46,250; at that income and 20% down, the 28% guideline points to a home of about $147,000.
| Down payment | $9,240 |
|---|---|
| Loan amount | $36,960 |
| Principal and interest | $249 |
| Property taxes (1.84% a year) | $71 |
| Homeowners insurance (our estimate, 0.5% a year) | $19 |
| PMI | $0 |
| Total per month | $339 |
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| Down payment | $1,617 |
|---|---|
| Loan amount | $45,363 |
| Principal and interest | $305 |
| Property taxes (1.84% a year) | $71 |
| Homeowners insurance (our estimate, 0.5% a year) | $19 |
| FHA mortgage insurance | $20 |
| Total per month | $416 |
Change the numbers in the calculator
Questions about home buying in Ohlman
What is the median home value in Ohlman?
About $46,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ohlman?
Homeowners pay a median $850 a year, which is about 1.84% 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 Ohlman?
For the median home with 20% down at 7.11%, the payment is about $339 a month. Keeping that under 28% of gross income takes about $14,517 a year.
More about Ohlman
- Mortgage Refinance in Ohlman
- Debt Relief in Ohlman
- Home Equity Loans in Ohlman
- 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