The typical owner-occupied home in Dunlap is worth about $289,600, 10% above the Illinois median of $263,300 and 13% below the national median of $332,700. Owners pay a median $6,081 a year in property taxes, about 2.10% of their home's value, close to the Illinois rate of 2.01%. The median household earns $141,552 a year, so the median home costs 2.0 times the median income (3.2 times for Illinois). 86% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Dunlap at a glance
| Dunlap | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $289,600 | $263,300 | $332,700 |
| Median property tax paid per year | $6,081 | $5,298 | $3,119 |
| Property tax as a share of value | 2.10% | 2.01% | 0.94% |
| Median household income | $141,552 | $83,390 | $80,734 |
| Homes lived in by their owners | 86% | 67% | 65% |
| Owner homes with a mortgage | 61% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,074 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 16.9% | 20.6% | 21.0% |
| Median rent | $976 | $1,274 | $1,413 |
| Rent as a share of renters' income | 17.5% | 29.1% | 30.6% |
| Median year homes were built | 1996 | 1971 | 1980 |
| Vacant homes | 7.3% | 7.7% | 10.1% |
| Population | 1,360 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Dunlap
At this week's average 30-year rate of 7.11%, buying the median Dunlap home of $289,600 with 20% down costs about $2,186 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,668, 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 $93,686 for the 20%-down payment. That payment is 19% of the median Dunlap household income of $141,552; at that income and 20% down, the 28% guideline points to a home of about $438,000.
The median rent here is $976 a month, so owning the median home costs about $1,210 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $57,920 |
|---|---|
| Loan amount | $231,680 |
| Principal and interest | $1,559 |
| Property taxes (2.10% a year) | $507 |
| Homeowners insurance (our estimate, 0.5% a year) | $121 |
| PMI | $0 |
| Total per month | $2,186 |
Change the numbers in the calculator
| Down payment | $10,136 |
|---|---|
| Loan amount | $284,355 |
| Principal and interest | $1,913 |
| Property taxes (2.10% a year) | $507 |
| Homeowners insurance (our estimate, 0.5% a year) | $121 |
| FHA mortgage insurance | $128 |
| Total per month | $2,668 |
Change the numbers in the calculator
Questions about home buying in Dunlap
What is the median home value in Dunlap?
About $289,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Dunlap?
Homeowners pay a median $6,081 a year, which is about 2.10% 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 Dunlap?
For the median home with 20% down at 7.11%, the payment is about $2,186 a month. Keeping that under 28% of gross income takes about $93,686 a year.
More about Dunlap
- Mortgage Refinance in Dunlap
- Debt Relief in Dunlap
- Home Equity Loans in Dunlap
- 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