The typical owner-occupied home in Perry is worth about $86,900, 67% below the Illinois median of $263,300 and 74% below the national median of $332,700. Owners pay a median $1,333 a year in property taxes, about 1.53% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $44,792 a year, so the median home costs 1.9 times the median income (3.2 times for Illinois). 82% of occupied homes here are lived in by their owners, and 30% of those owners still have a mortgage.
Perry at a glance
| Perry | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $86,900 | $263,300 | $332,700 |
| Median property tax paid per year | $1,333 | $5,298 | $3,119 |
| Property tax as a share of value | 1.53% | 2.01% | 0.94% |
| Median household income | $44,792 | $83,390 | $80,734 |
| Homes lived in by their owners | 82% | 67% | 65% |
| Owner homes with a mortgage | 30% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $805 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 13.5% | 20.6% | 21.0% |
| Median rent | $396 | $1,274 | $1,413 |
| Rent as a share of renters' income | 27.1% | 29.1% | 30.6% |
| Median year homes were built | 1961 | 1971 | 1980 |
| Vacant homes | 33.2% | 7.7% | 10.1% |
| Population | 206 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Perry
At this week's average 30-year rate of 7.11%, buying the median Perry home of $86,900 with 20% down costs about $615 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $759, 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 $26,343 for the 20%-down payment. That payment is 16% of the median Perry household income of $44,792; at that income and 20% down, the 28% guideline points to a home of about $148,000.
The median rent here is $396 a month, so owning the median home costs about $219 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $17,380 |
|---|---|
| Loan amount | $69,520 |
| Principal and interest | $468 |
| Property taxes (1.53% a year) | $111 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $615 |
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| Down payment | $3,042 |
|---|---|
| Loan amount | $85,326 |
| Principal and interest | $574 |
| Property taxes (1.53% a year) | $111 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $38 |
| Total per month | $759 |
Change the numbers in the calculator
Questions about home buying in Perry
What is the median home value in Perry?
About $86,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Perry?
Homeowners pay a median $1,333 a year, which is about 1.53% 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 Perry?
For the median home with 20% down at 7.11%, the payment is about $615 a month. Keeping that under 28% of gross income takes about $26,343 a year.
More about Perry
- Mortgage Refinance in Perry
- Debt Relief in Perry
- Home Equity Loans in Perry
- 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