The typical owner-occupied home in Goodfield is worth about $246,400, 6% below the Illinois median of $263,300 and 26% below the national median of $332,700. Owners pay a median $4,709 a year in property taxes, about 1.91% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $113,438 a year, so the median home costs 2.2 times the median income (3.2 times for Illinois). 93% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Goodfield at a glance
| Goodfield | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $246,400 | $263,300 | $332,700 |
| Median property tax paid per year | $4,709 | $5,298 | $3,119 |
| Property tax as a share of value | 1.91% | 2.01% | 0.94% |
| Median household income | $113,438 | $83,390 | $80,734 |
| Homes lived in by their owners | 93% | 67% | 65% |
| Owner homes with a mortgage | 49% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,938 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 17.5% | 20.6% | 21.0% |
| Median rent | $1,156 | $1,274 | $1,413 |
| Rent as a share of renters' income | 18.9% | 29.1% | 30.6% |
| Median year homes were built | 1991 | 1971 | 1980 |
| Vacant homes | 1.0% | 7.7% | 10.1% |
| Population | 985 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Goodfield
At this week's average 30-year rate of 7.11%, buying the median Goodfield home of $246,400 with 20% down costs about $1,821 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,231, 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 $78,038 for the 20%-down payment. That payment is 19% of the median Goodfield household income of $113,438; at that income and 20% down, the 28% guideline points to a home of about $358,000.
The median rent here is $1,156 a month, so owning the median home costs about $665 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $49,280 |
|---|---|
| Loan amount | $197,120 |
| Principal and interest | $1,326 |
| Property taxes (1.91% a year) | $392 |
| Homeowners insurance (our estimate, 0.5% a year) | $103 |
| PMI | $0 |
| Total per month | $1,821 |
Change the numbers in the calculator
| Down payment | $8,624 |
|---|---|
| Loan amount | $241,937 |
| Principal and interest | $1,628 |
| Property taxes (1.91% a year) | $392 |
| Homeowners insurance (our estimate, 0.5% a year) | $103 |
| FHA mortgage insurance | $109 |
| Total per month | $2,231 |
Change the numbers in the calculator
Questions about home buying in Goodfield
What is the median home value in Goodfield?
About $246,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Goodfield?
Homeowners pay a median $4,709 a year, which is about 1.91% 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 Goodfield?
For the median home with 20% down at 7.11%, the payment is about $1,821 a month. Keeping that under 28% of gross income takes about $78,038 a year.
More about Goodfield
- Mortgage Refinance in Goodfield
- Debt Relief in Goodfield
- Home Equity Loans in Goodfield
- 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