The typical owner-occupied home in Crystal Lake is worth about $100,300, 52% below the Iowa median of $208,000 and 70% below the national median of $332,700. Owners pay a median $1,078 a year in property taxes, about 1.07% of their home's value, lower than the Iowa rate of 1.39%. The median household earns $66,875 a year, so the median home costs 1.5 times the median income (2.8 times for Iowa). 86% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Crystal Lake at a glance
| Crystal Lake | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $100,300 | $208,000 | $332,700 |
| Median property tax paid per year | $1,078 | $2,897 | $3,119 |
| Property tax as a share of value | 1.07% | 1.39% | 0.94% |
| Median household income | $66,875 | $75,059 | $80,734 |
| Homes lived in by their owners | 86% | 72% | 65% |
| Owner homes with a mortgage | 53% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $872 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 9.0% | 18.7% | 21.0% |
| Median rent | $911 | $972 | $1,413 |
| Median year homes were built | 1950 | 1972 | 1980 |
| Vacant homes | 0.0% | 8.5% | 10.1% |
| Population | 283 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Crystal Lake
At this week's average 30-year rate of 7.11%, buying the median Crystal Lake home of $100,300 with 20% down costs about $671 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $838, 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 $28,758 for the 20%-down payment. That payment is 12% of the median Crystal Lake household income of $66,875; at that income and 20% down, the 28% guideline points to a home of about $233,000.
The median rent here is $911 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,060 |
|---|---|
| Loan amount | $80,240 |
| Principal and interest | $540 |
| Property taxes (1.07% a year) | $89 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| PMI | $0 |
| Total per month | $671 |
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| Down payment | $3,510 |
|---|---|
| Loan amount | $98,483 |
| Principal and interest | $662 |
| Property taxes (1.07% a year) | $89 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| FHA mortgage insurance | $44 |
| Total per month | $838 |
Change the numbers in the calculator
Questions about home buying in Crystal Lake
What is the median home value in Crystal Lake?
About $100,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Crystal Lake?
Homeowners pay a median $1,078 a year, which is about 1.07% 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 Crystal Lake?
For the median home with 20% down at 7.11%, the payment is about $671 a month. Keeping that under 28% of gross income takes about $28,758 a year.
More about Crystal Lake
- Mortgage Refinance in Crystal Lake
- Debt Relief in Crystal Lake
- Home Equity Loans in Crystal Lake
- 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