The typical owner-occupied home in Stonefort is worth about $65,700, 75% below the Illinois median of $263,300 and 80% below the national median of $332,700. The median household earns $56,477 a year, so the median home costs 1.2 times the median income (3.2 times for Illinois). 64% of occupied homes here are lived in by their owners, and 28% of those owners still have a mortgage.
Stonefort at a glance
| Stonefort | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $65,700 | $263,300 | $332,700 |
| Median property tax paid per year | – | $5,298 | $3,119 |
| Median household income | $56,477 | $83,390 | $80,734 |
| Homes lived in by their owners | 64% | 67% | 65% |
| Owner homes with a mortgage | 28% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $950 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 16.0% | 20.6% | 21.0% |
| Median rent | $766 | $1,274 | $1,413 |
| Rent as a share of renters' income | 17.1% | 29.1% | 30.6% |
| Median year homes were built | 1980 | 1971 | 1980 |
| Vacant homes | 8.9% | 7.7% | 10.1% |
| Population | 422 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Stonefort
At this week's average 30-year rate of 7.11%, buying the median Stonefort home of $65,700 with 20% down costs about $441 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $551, 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 $18,907 for the 20%-down payment. That payment is 9% of the median Stonefort household income of $56,477; at that income and 20% down, the 28% guideline points to a home of about $196,000.
The median rent here is $766 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $13,140 |
|---|---|
| Loan amount | $52,560 |
| Principal and interest | $354 |
| Property taxes (1.10% a year) | $60 |
| Homeowners insurance (our estimate, 0.5% a year) | $27 |
| PMI | $0 |
| Total per month | $441 |
Change the numbers in the calculator
| Down payment | $2,300 |
|---|---|
| Loan amount | $64,510 |
| Principal and interest | $434 |
| Property taxes (1.10% a year) | $60 |
| Homeowners insurance (our estimate, 0.5% a year) | $27 |
| FHA mortgage insurance | $29 |
| Total per month | $551 |
Change the numbers in the calculator
Questions about home buying in Stonefort
What is the median home value in Stonefort?
About $65,700 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 Stonefort?
For the median home with 20% down at 7.11%, the payment is about $441 a month. Keeping that under 28% of gross income takes about $18,907 a year.
More about Stonefort
- Mortgage Refinance in Stonefort
- Debt Relief in Stonefort
- Home Equity Loans in Stonefort
- 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