Fayette County, Illinois home prices
Typical home $154,533 · +3.1% in a year · property tax 1.45%
The typical home in Fayette County is worth $154,533, 48% less than the Illinois typical home ($295,943). Values changed +3.1% in the past year and +19.9% over five years. Homeowners here pay a median 1.45% of their home's value in property tax each year ($2,239 on the typical home), versus 1.92% statewide.
Mortgage on the typical Fayette County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $30,907 | $123,627 | $832 | $0 | $264 | $1,096 | $47,000 |
| 10% down | $15,453 | $139,080 | $936 | $58 | $264 | $1,257 | $53,900 |
| 5% down | $7,727 | $146,807 | $988 | $61 | $264 | $1,313 | $56,300 |
| 3.5% down (FHA) | $5,409 | $151,734 | $1,021 | $68 | $264 | $1,353 | $58,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.45% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Illinois.
Illinois counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Bureau County | $155,598 | +6.5% | 2.01% |
| Rock Island County | $156,822 | +3.9% | 2.28% |
| Ford County | $157,181 | +3.3% | 2.12% |
| Randolph County | $151,574 | +6.6% | 1.43% |
| Clark County | $151,351 | +10.6% | 1.56% |
| Williamson County | $157,730 | +0.1% | 1.72% |
| Union County | $150,664 | +0.2% | 1.3% |
| Iroquois County | $159,371 | +0.4% | 1.82% |
| Schuyler County | $159,625 | +7.8% | 1.78% |
| Pope County | $159,950 | +11.3% | 1.03% |
Frequently asked questions
What is the average home price in Fayette County, IL?
The typical home value in Fayette County is $154,533 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Fayette County?
About $47,000 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Fayette County?
The median effective rate is 1.45% of home value a year (Census ACS 2024 5-year estimates).