The typical owner-occupied home in Taylor Ridge is worth about $181,100, 31% below the Illinois median of $263,300 and 46% below the national median of $332,700. Owners pay a median $4,190 a year in property taxes, about 2.31% of their home's value, higher than the Illinois rate of 2.01%. 100% of occupied homes here are lived in by their owners, and 22% of those owners still have a mortgage.
Taylor Ridge at a glance
| Taylor Ridge | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $181,100 | $263,300 | $332,700 |
| Median property tax paid per year | $4,190 | $5,298 | $3,119 |
| Property tax as a share of value | 2.31% | 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 | 22% | 61% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,987 | $1,963 |
| Median rent | – | $1,274 | $1,413 |
| Median year homes were built | 1958 | 1971 | 1980 |
| Vacant homes | 20.0% | 7.7% | 10.1% |
| Population | 276 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Taylor Ridge
At this week's average 30-year rate of 7.11%, buying the median Taylor Ridge home of $181,100 with 20% down costs about $1,399 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,700, 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 $59,944 for the 20%-down payment.
| Down payment | $36,220 |
|---|---|
| Loan amount | $144,880 |
| Principal and interest | $975 |
| Property taxes (2.31% a year) | $349 |
| Homeowners insurance (our estimate, 0.5% a year) | $75 |
| PMI | $0 |
| Total per month | $1,399 |
Change the numbers in the calculator
| Down payment | $6,338 |
|---|---|
| Loan amount | $177,820 |
| Principal and interest | $1,196 |
| Property taxes (2.31% a year) | $349 |
| Homeowners insurance (our estimate, 0.5% a year) | $75 |
| FHA mortgage insurance | $80 |
| Total per month | $1,700 |
Change the numbers in the calculator
Questions about home buying in Taylor Ridge
What is the median home value in Taylor Ridge?
About $181,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Taylor Ridge?
Homeowners pay a median $4,190 a year, which is about 2.31% 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 Taylor Ridge?
For the median home with 20% down at 7.11%, the payment is about $1,399 a month. Keeping that under 28% of gross income takes about $59,944 a year.
More about Taylor Ridge
- Mortgage Refinance in Taylor Ridge
- Debt Relief in Taylor Ridge
- Home Equity Loans in Taylor Ridge
- 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