The typical owner-occupied home in Alexander is worth about $118,200, 55% below the Illinois median of $263,300 and 64% below the national median of $332,700. 100% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Alexander at a glance
| Alexander | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $118,200 | $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 | 100% | 67% | 65% |
| Owner homes with a mortgage | 52% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $977 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 12.2% | 20.6% | 21.0% |
| Median rent | – | $1,274 | $1,413 |
| Median year homes were built | 1969 | 1971 | 1980 |
| Vacant homes | 0.0% | 7.7% | 10.1% |
| Population | 239 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Alexander
At this week's average 30-year rate of 7.11%, buying the median Alexander home of $118,200 with 20% down costs about $794 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $991, 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 $34,016 for the 20%-down payment.
| Down payment | $23,640 |
|---|---|
| Loan amount | $94,560 |
| Principal and interest | $636 |
| Property taxes (1.10% a year) | $108 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| PMI | $0 |
| Total per month | $794 |
Change the numbers in the calculator
| Down payment | $4,137 |
|---|---|
| Loan amount | $116,059 |
| Principal and interest | $781 |
| Property taxes (1.10% a year) | $108 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| FHA mortgage insurance | $52 |
| Total per month | $991 |
Change the numbers in the calculator
Questions about home buying in Alexander
What is the median home value in Alexander?
About $118,200 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 Alexander?
For the median home with 20% down at 7.11%, the payment is about $794 a month. Keeping that under 28% of gross income takes about $34,016 a year.
More about Alexander
- Mortgage Refinance in Alexander
- Debt Relief in Alexander
- Home Equity Loans in Alexander
- 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