McLean County, Illinois home prices
Typical home $260,569 · +1.9% in a year · property tax 2.17%
The typical home in McLean County is worth $260,569, 12% less than the Illinois typical home ($295,943). Values changed +1.9% in the past year and +36.0% over five years. Homeowners here pay a median 2.17% of their home's value in property tax each year ($5,656 on the typical home), versus 1.92% statewide.
Mortgage on the typical McLean County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $52,114 | $208,455 | $1,402 | $0 | $602 | $2,004 | $85,900 |
| 10% down | $26,057 | $234,512 | $1,578 | $98 | $602 | $2,277 | $97,600 |
| 5% down | $13,028 | $247,540 | $1,665 | $103 | $602 | $2,370 | $101,600 |
| 3.5% down (FHA) | $9,120 | $255,849 | $1,721 | $115 | $602 | $2,438 | $104,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 2.17% 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 · part of the Bloomington metro area.
Illinois counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Jo Daviess County | $246,045 | +3.4% | 1.72% |
| Piatt County | $242,033 | +3.1% | 1.81% |
| Champaign County | $238,398 | +5.0% | 2.06% |
| Ogle County | $238,006 | +8.4% | 2.06% |
| Woodford County | $235,906 | +8.9% | 2.13% |
| Boone County | $286,262 | +6.4% | 2.18% |
| Kankakee County | $227,163 | +6.0% | 2.21% |
| DeKalb County | $294,833 | +5.0% | 2.45% |
| Clinton County | $225,207 | +6.4% | 1.83% |
| Effingham County | $218,457 | +3.5% | 1.49% |
Frequently asked questions
What is the average home price in McLean County, IL?
The typical home value in McLean County is $260,569 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in McLean County?
About $85,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in McLean County?
The median effective rate is 2.17% of home value a year (Census ACS 2024 5-year estimates).