The typical owner-occupied home in Coal Valley is worth about $215,700, 18% below the Illinois median of $263,300 and 35% below the national median of $332,700. Owners pay a median $5,127 a year in property taxes, about 2.38% of their home's value, higher than the Illinois rate of 2.01%. The median household earns $106,850 a year, so the median home costs 2.0 times the median income (3.2 times for Illinois). 93% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Coal Valley at a glance
| Coal Valley | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $215,700 | $263,300 | $332,700 |
| Median property tax paid per year | $5,127 | $5,298 | $3,119 |
| Property tax as a share of value | 2.38% | 2.01% | 0.94% |
| Median household income | $106,850 | $83,390 | $80,734 |
| Homes lived in by their owners | 93% | 67% | 65% |
| Owner homes with a mortgage | 65% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,939 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 17.8% | 20.6% | 21.0% |
| Median rent | – | $1,274 | $1,413 |
| Rent as a share of renters' income | 14.8% | 29.1% | 30.6% |
| Median year homes were built | 1981 | 1971 | 1980 |
| Vacant homes | 9.9% | 7.7% | 10.1% |
| Population | 4,229 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Coal Valley
At this week's average 30-year rate of 7.11%, buying the median Coal Valley home of $215,700 with 20% down costs about $1,678 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,038, 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 $71,936 for the 20%-down payment. That payment is 19% of the median Coal Valley household income of $106,850; at that income and 20% down, the 28% guideline points to a home of about $320,000.
| Down payment | $43,140 |
|---|---|
| Loan amount | $172,560 |
| Principal and interest | $1,161 |
| Property taxes (2.38% a year) | $428 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| PMI | $0 |
| Total per month | $1,678 |
Change the numbers in the calculator
| Down payment | $7,550 |
|---|---|
| Loan amount | $211,793 |
| Principal and interest | $1,425 |
| Property taxes (2.38% a year) | $428 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| FHA mortgage insurance | $95 |
| Total per month | $2,038 |
Change the numbers in the calculator
Questions about home buying in Coal Valley
What is the median home value in Coal Valley?
About $215,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Coal Valley?
Homeowners pay a median $5,127 a year, which is about 2.38% 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 Coal Valley?
For the median home with 20% down at 7.11%, the payment is about $1,678 a month. Keeping that under 28% of gross income takes about $71,936 a year.
More about Coal Valley
- Mortgage Refinance in Coal Valley
- Debt Relief in Coal Valley
- Home Equity Loans in Coal Valley
- 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