The typical owner-occupied home in Pearl is worth about $58,600, 78% below the Illinois median of $263,300 and 82% below the national median of $332,700. Owners pay a median $557 a year in property taxes, about 0.95% of their home's value, lower than the Illinois rate of 2.01%. 100% of occupied homes here are lived in by their owners, and 37% of those owners still have a mortgage.
Pearl at a glance
| Pearl | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $58,600 | $263,300 | $332,700 |
| Median property tax paid per year | $557 | $5,298 | $3,119 |
| Property tax as a share of value | 0.95% | 2.01% | 0.94% |
| Median household income | – | $83,390 | $80,734 |
| Homes lived in by their owners | 100% | 67% | 65% |
| Owner homes with a mortgage | 37% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $650 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 9.0% | 20.6% | 21.0% |
| Median rent | – | $1,274 | $1,413 |
| Median year homes were built | 1954 | 1971 | 1980 |
| Vacant homes | 50.8% | 7.7% | 10.1% |
| Population | 64 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Pearl
At this week's average 30-year rate of 7.11%, buying the median Pearl home of $58,600 with 20% down costs about $386 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $484, 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 $16,550 for the 20%-down payment.
| Down payment | $11,720 |
|---|---|
| Loan amount | $46,880 |
| Principal and interest | $315 |
| Property taxes (0.95% a year) | $46 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| PMI | $0 |
| Total per month | $386 |
Change the numbers in the calculator
| Down payment | $2,051 |
|---|---|
| Loan amount | $57,539 |
| Principal and interest | $387 |
| Property taxes (0.95% a year) | $46 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| FHA mortgage insurance | $26 |
| Total per month | $484 |
Change the numbers in the calculator
Questions about home buying in Pearl
What is the median home value in Pearl?
About $58,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Pearl?
Homeowners pay a median $557 a year, which is about 0.95% 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 Pearl?
For the median home with 20% down at 7.11%, the payment is about $386 a month. Keeping that under 28% of gross income takes about $16,550 a year.
More about Pearl
- Mortgage Refinance in Pearl
- Debt Relief in Pearl
- Home Equity Loans in Pearl
- 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