The typical owner-occupied home in Carbon Cliff is worth about $134,600, 49% below the Illinois median of $263,300 and 60% below the national median of $332,700. Owners pay a median $2,657 a year in property taxes, about 1.97% of their home's value, close to the Illinois rate of 2.01%. The median household earns $55,536 a year, so the median home costs 2.4 times the median income (3.2 times for Illinois). 53% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Carbon Cliff at a glance
| Carbon Cliff | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $134,600 | $263,300 | $332,700 |
| Median property tax paid per year | $2,657 | $5,298 | $3,119 |
| Property tax as a share of value | 1.97% | 2.01% | 0.94% |
| Median household income | $55,536 | $83,390 | $80,734 |
| Homes lived in by their owners | 53% | 67% | 65% |
| Owner homes with a mortgage | 62% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,325 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 18.4% | 20.6% | 21.0% |
| Median rent | $1,034 | $1,274 | $1,413 |
| Rent as a share of renters' income | 41.7% | 29.1% | 30.6% |
| Median year homes were built | 1973 | 1971 | 1980 |
| Vacant homes | 6.1% | 7.7% | 10.1% |
| Population | 2,151 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Carbon Cliff
At this week's average 30-year rate of 7.11%, buying the median Carbon Cliff home of $134,600 with 20% down costs about $1,001 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,226, 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 $42,918 for the 20%-down payment. That payment is 22% of the median Carbon Cliff household income of $55,536; at that income and 20% down, the 28% guideline points to a home of about $174,000.
The median rent here is $1,034 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $26,920 |
|---|---|
| Loan amount | $107,680 |
| Principal and interest | $724 |
| Property taxes (1.97% a year) | $221 |
| Homeowners insurance (our estimate, 0.5% a year) | $56 |
| PMI | $0 |
| Total per month | $1,001 |
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| Down payment | $4,711 |
|---|---|
| Loan amount | $132,162 |
| Principal and interest | $889 |
| Property taxes (1.97% a year) | $221 |
| Homeowners insurance (our estimate, 0.5% a year) | $56 |
| FHA mortgage insurance | $60 |
| Total per month | $1,226 |
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Questions about home buying in Carbon Cliff
What is the median home value in Carbon Cliff?
About $134,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Carbon Cliff?
Homeowners pay a median $2,657 a year, which is about 1.97% 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 Carbon Cliff?
For the median home with 20% down at 7.11%, the payment is about $1,001 a month. Keeping that under 28% of gross income takes about $42,918 a year.
More about Carbon Cliff
- Mortgage Refinance in Carbon Cliff
- Debt Relief in Carbon Cliff
- Home Equity Loans in Carbon Cliff
- 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