The typical owner-occupied home in Sims is worth about $44,200, 83% below the Illinois median of $263,300 and 87% below the national median of $332,700. Owners pay a median $767 a year in property taxes, about 1.74% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $48,194 a year, so the median home costs 0.9 times the median income (3.2 times for Illinois). 86% of occupied homes here are lived in by their owners, and 22% of those owners still have a mortgage.
Sims at a glance
| Sims | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $44,200 | $263,300 | $332,700 |
| Median property tax paid per year | $767 | $5,298 | $3,119 |
| Property tax as a share of value | 1.74% | 2.01% | 0.94% |
| Median household income | $48,194 | $83,390 | $80,734 |
| Homes lived in by their owners | 86% | 67% | 65% |
| Owner homes with a mortgage | 22% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,188 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 25.8% | 20.6% | 21.0% |
| Median rent | – | $1,274 | $1,413 |
| Median year homes were built | 1974 | 1971 | 1980 |
| Vacant homes | 22.5% | 7.7% | 10.1% |
| Population | 123 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Sims
At this week's average 30-year rate of 7.11%, buying the median Sims home of $44,200 with 20% down costs about $320 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $394, 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 $13,731 for the 20%-down payment. That payment is 8% of the median Sims household income of $48,194; at that income and 20% down, the 28% guideline points to a home of about $155,000.
| Down payment | $8,840 |
|---|---|
| Loan amount | $35,360 |
| Principal and interest | $238 |
| Property taxes (1.74% a year) | $64 |
| Homeowners insurance (our estimate, 0.5% a year) | $18 |
| PMI | $0 |
| Total per month | $320 |
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| Down payment | $1,547 |
|---|---|
| Loan amount | $43,399 |
| Principal and interest | $292 |
| Property taxes (1.74% a year) | $64 |
| Homeowners insurance (our estimate, 0.5% a year) | $18 |
| FHA mortgage insurance | $20 |
| Total per month | $394 |
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Questions about home buying in Sims
What is the median home value in Sims?
About $44,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sims?
Homeowners pay a median $767 a year, which is about 1.74% 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 Sims?
For the median home with 20% down at 7.11%, the payment is about $320 a month. Keeping that under 28% of gross income takes about $13,731 a year.
More about Sims
- Mortgage Refinance in Sims
- Debt Relief in Sims
- Home Equity Loans in Sims
- 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