The typical owner-occupied home in Bellmont is worth about $47,800, 82% below the Illinois median of $263,300 and 86% below the national median of $332,700. Owners pay a median $885 a year in property taxes, about 1.85% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $55,000 a year, so the median home costs 0.9 times the median income (3.2 times for Illinois). 87% of occupied homes here are lived in by their owners, and 37% of those owners still have a mortgage.
Bellmont at a glance
| Bellmont | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $47,800 | $263,300 | $332,700 |
| Median property tax paid per year | $885 | $5,298 | $3,119 |
| Property tax as a share of value | 1.85% | 2.01% | 0.94% |
| Median household income | $55,000 | $83,390 | $80,734 |
| Homes lived in by their owners | 87% | 67% | 65% |
| Owner homes with a mortgage | 37% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $833 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 13.9% | 20.6% | 21.0% |
| Median rent | – | $1,274 | $1,413 |
| Median year homes were built | 1960 | 1971 | 1980 |
| Vacant homes | 23.7% | 7.7% | 10.1% |
| Population | 196 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Bellmont
At this week's average 30-year rate of 7.11%, buying the median Bellmont home of $47,800 with 20% down costs about $351 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $430, 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 $15,036 for the 20%-down payment. That payment is 8% of the median Bellmont household income of $55,000; at that income and 20% down, the 28% guideline points to a home of about $175,000.
| Down payment | $9,560 |
|---|---|
| Loan amount | $38,240 |
| Principal and interest | $257 |
| Property taxes (1.85% a year) | $74 |
| Homeowners insurance (our estimate, 0.5% a year) | $20 |
| PMI | $0 |
| Total per month | $351 |
Change the numbers in the calculator
| Down payment | $1,673 |
|---|---|
| Loan amount | $46,934 |
| Principal and interest | $316 |
| Property taxes (1.85% a year) | $74 |
| Homeowners insurance (our estimate, 0.5% a year) | $20 |
| FHA mortgage insurance | $21 |
| Total per month | $430 |
Change the numbers in the calculator
Questions about home buying in Bellmont
What is the median home value in Bellmont?
About $47,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bellmont?
Homeowners pay a median $885 a year, which is about 1.85% 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 Bellmont?
For the median home with 20% down at 7.11%, the payment is about $351 a month. Keeping that under 28% of gross income takes about $15,036 a year.
More about Bellmont
- Mortgage Refinance in Bellmont
- Debt Relief in Bellmont
- Home Equity Loans in Bellmont
- 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