The typical owner-occupied home in Homer Glen is worth about $418,800, 59% above the Illinois median of $263,300 and 26% above the national median of $332,700. Owners pay a median $9,017 a year in property taxes, about 2.15% of their home's value, higher than the Illinois rate of 2.01%. The median household earns $136,678 a year, so the median home costs 3.1 times the median income (3.2 times for Illinois). 95% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Homer Glen at a glance
| Homer Glen | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $418,800 | $263,300 | $332,700 |
| Median property tax paid per year | $9,017 | $5,298 | $3,119 |
| Property tax as a share of value | 2.15% | 2.01% | 0.94% |
| Median household income | $136,678 | $83,390 | $80,734 |
| Homes lived in by their owners | 95% | 67% | 65% |
| Owner homes with a mortgage | 66% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,776 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 22.4% | 20.6% | 21.0% |
| Median rent | $1,861 | $1,274 | $1,413 |
| Rent as a share of renters' income | 45.3% | 29.1% | 30.6% |
| Median year homes were built | 1989 | 1971 | 1980 |
| Vacant homes | 3.6% | 7.7% | 10.1% |
| Population | 24,529 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Homer Glen
At this week's average 30-year rate of 7.11%, buying the median Homer Glen home of $418,800 with 20% down costs about $3,179 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,876, 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 $136,230 for the 20%-down payment. That payment is 28% of the median Homer Glen household income of $136,678; at that income and 20% down, the 28% guideline points to a home of about $420,000.
The median rent here is $1,861 a month, so owning the median home costs about $1,318 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $83,760 |
|---|---|
| Loan amount | $335,040 |
| Principal and interest | $2,254 |
| Property taxes (2.15% a year) | $750 |
| Homeowners insurance (our estimate, 0.5% a year) | $174 |
| PMI | $0 |
| Total per month | $3,179 |
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| Down payment | $14,658 |
|---|---|
| Loan amount | $411,214 |
| Principal and interest | $2,766 |
| Property taxes (2.15% a year) | $750 |
| Homeowners insurance (our estimate, 0.5% a year) | $174 |
| FHA mortgage insurance | $185 |
| Total per month | $3,876 |
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Questions about home buying in Homer Glen
What is the median home value in Homer Glen?
About $418,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Homer Glen?
Homeowners pay a median $9,017 a year, which is about 2.15% 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 Homer Glen?
For the median home with 20% down at 7.11%, the payment is about $3,179 a month. Keeping that under 28% of gross income takes about $136,230 a year.
More about Homer Glen
- Mortgage Refinance in Homer Glen
- Debt Relief in Homer Glen
- Home Equity Loans in Homer Glen
- 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