The typical owner-occupied home in McHenry County is worth about $151,000, 40% below the North Dakota median of $249,900 and 55% below the national median of $332,700. Owners pay a median $994 a year in property taxes, about 0.66% of their home's value, lower than the North Dakota rate of 0.99%. The median household earns $80,733 a year, so the median home costs 1.9 times the median income (3.3 times for North Dakota). 81% of occupied homes here are lived in by their owners, and 37% of those owners still have a mortgage.
McHenry County at a glance
| McHenry County | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $151,000 | $249,900 | $332,700 |
| Median property tax paid per year | $994 | $2,468 | $3,119 |
| Property tax as a share of value | 0.66% | 0.99% | 0.94% |
| Median household income | $80,733 | $76,657 | $80,734 |
| Homes lived in by their owners | 81% | 63% | 65% |
| Owner homes with a mortgage | 37% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,423 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 18.1% | 19.4% | 21.0% |
| Median rent | $713 | $954 | $1,413 |
| Rent as a share of renters' income | 17.4% | 25.0% | 30.6% |
| Median year homes were built | 1966 | 1982 | 1980 |
| Vacant homes | 20.8% | 12.3% | 10.1% |
| Population | 5,207 | 784,841 | 334,922,499 |
What a typical home costs per month in McHenry County
At this week's average 30-year rate of 7.11%, buying the median McHenry County home of $151,000 with 20% down costs about $959 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,210, 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 $41,083 for the 20%-down payment. That payment is 14% of the median McHenry County household income of $80,733; at that income and 20% down, the 28% guideline points to a home of about $297,000.
The median rent here is $713 a month, so owning the median home costs about $246 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $30,200 |
|---|---|
| Loan amount | $120,800 |
| Principal and interest | $813 |
| Property taxes (0.66% a year) | $83 |
| Homeowners insurance (our estimate, 0.5% a year) | $63 |
| PMI | $0 |
| Total per month | $959 |
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| Down payment | $5,285 |
|---|---|
| Loan amount | $148,265 |
| Principal and interest | $997 |
| Property taxes (0.66% a year) | $83 |
| Homeowners insurance (our estimate, 0.5% a year) | $63 |
| FHA mortgage insurance | $67 |
| Total per month | $1,210 |
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Questions about home buying in McHenry County
What is the median home value in McHenry County?
About $151,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in McHenry County?
Homeowners pay a median $994 a year, which is about 0.66% 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 McHenry County?
For the median home with 20% down at 7.11%, the payment is about $959 a month. Keeping that under 28% of gross income takes about $41,083 a year.
More about McHenry County
- Mortgage Refinance in McHenry County
- Debt Relief in McHenry County
- Home Equity Loans in McHenry County
- 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