The typical owner-occupied home in Creal Springs is worth about $55,800, 79% below the Illinois median of $263,300 and 83% below the national median of $332,700. Owners pay a median $968 a year in property taxes, about 1.73% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $53,125 a year, so the median home costs 1.1 times the median income (3.2 times for Illinois). 76% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Creal Springs at a glance
| Creal Springs | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $55,800 | $263,300 | $332,700 |
| Median property tax paid per year | $968 | $5,298 | $3,119 |
| Property tax as a share of value | 1.73% | 2.01% | 0.94% |
| Median household income | $53,125 | $83,390 | $80,734 |
| Homes lived in by their owners | 76% | 67% | 65% |
| Owner homes with a mortgage | 46% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $950 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 13.6% | 20.6% | 21.0% |
| Median rent | $754 | $1,274 | $1,413 |
| Rent as a share of renters' income | 21.7% | 29.1% | 30.6% |
| Median year homes were built | 1954 | 1971 | 1980 |
| Vacant homes | 25.6% | 7.7% | 10.1% |
| Population | 324 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Creal Springs
At this week's average 30-year rate of 7.11%, buying the median Creal Springs home of $55,800 with 20% down costs about $404 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $497, 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 $17,314 for the 20%-down payment. That payment is 9% of the median Creal Springs household income of $53,125; at that income and 20% down, the 28% guideline points to a home of about $171,000.
The median rent here is $754 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $11,160 |
|---|---|
| Loan amount | $44,640 |
| Principal and interest | $300 |
| Property taxes (1.73% a year) | $80 |
| Homeowners insurance (our estimate, 0.5% a year) | $23 |
| PMI | $0 |
| Total per month | $404 |
Change the numbers in the calculator
| Down payment | $1,953 |
|---|---|
| Loan amount | $54,789 |
| Principal and interest | $369 |
| Property taxes (1.73% a year) | $80 |
| Homeowners insurance (our estimate, 0.5% a year) | $23 |
| FHA mortgage insurance | $25 |
| Total per month | $497 |
Change the numbers in the calculator
Questions about home buying in Creal Springs
What is the median home value in Creal Springs?
About $55,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Creal Springs?
Homeowners pay a median $968 a year, which is about 1.73% 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 Creal Springs?
For the median home with 20% down at 7.11%, the payment is about $404 a month. Keeping that under 28% of gross income takes about $17,314 a year.
More about Creal Springs
- Mortgage Refinance in Creal Springs
- Debt Relief in Creal Springs
- Home Equity Loans in Creal Springs
- 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