The typical owner-occupied home in Sigel is worth about $165,800, 37% below the Illinois median of $263,300 and 50% below the national median of $332,700. Owners pay a median $2,081 a year in property taxes, about 1.26% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $85,625 a year, so the median home costs 1.9 times the median income (3.2 times for Illinois). 84% of occupied homes here are lived in by their owners, and 41% of those owners still have a mortgage.
Sigel at a glance
| Sigel | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $165,800 | $263,300 | $332,700 |
| Median property tax paid per year | $2,081 | $5,298 | $3,119 |
| Property tax as a share of value | 1.26% | 2.01% | 0.94% |
| Median household income | $85,625 | $83,390 | $80,734 |
| Homes lived in by their owners | 84% | 67% | 65% |
| Owner homes with a mortgage | 41% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,150 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 12.3% | 20.6% | 21.0% |
| Median rent | $671 | $1,274 | $1,413 |
| Rent as a share of renters' income | 17.9% | 29.1% | 30.6% |
| Median year homes were built | 1967 | 1971 | 1980 |
| Vacant homes | 3.2% | 7.7% | 10.1% |
| Population | 439 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Sigel
At this week's average 30-year rate of 7.11%, buying the median Sigel home of $165,800 with 20% down costs about $1,135 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,412, 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 $48,662 for the 20%-down payment. That payment is 16% of the median Sigel household income of $85,625; at that income and 20% down, the 28% guideline points to a home of about $292,000.
The median rent here is $671 a month, so owning the median home costs about $464 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $33,160 |
|---|---|
| Loan amount | $132,640 |
| Principal and interest | $892 |
| Property taxes (1.26% a year) | $174 |
| Homeowners insurance (our estimate, 0.5% a year) | $69 |
| PMI | $0 |
| Total per month | $1,135 |
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| Down payment | $5,803 |
|---|---|
| Loan amount | $162,797 |
| Principal and interest | $1,095 |
| Property taxes (1.26% a year) | $174 |
| Homeowners insurance (our estimate, 0.5% a year) | $69 |
| FHA mortgage insurance | $73 |
| Total per month | $1,412 |
Change the numbers in the calculator
Questions about home buying in Sigel
What is the median home value in Sigel?
About $165,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sigel?
Homeowners pay a median $2,081 a year, which is about 1.26% 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 Sigel?
For the median home with 20% down at 7.11%, the payment is about $1,135 a month. Keeping that under 28% of gross income takes about $48,662 a year.
More about Sigel
- Mortgage Refinance in Sigel
- Debt Relief in Sigel
- Home Equity Loans in Sigel
- 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