Menard County, Illinois home prices
Typical home $209,256 · +7.0% in a year · property tax 1.72%
The typical home in Menard County is worth $209,256, 29% less than the Illinois typical home ($295,943). Values changed +7.0% in the past year and +26.4% over five years. Homeowners here pay a median 1.72% of their home's value in property tax each year ($3,599 on the typical home), versus 1.92% statewide.
Mortgage on the typical Menard County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $41,851 | $167,405 | $1,126 | $0 | $405 | $1,531 | $65,600 |
| 10% down | $20,926 | $188,330 | $1,267 | $78 | $405 | $1,750 | $75,000 |
| 5% down | $10,463 | $198,793 | $1,337 | $83 | $405 | $1,825 | $78,200 |
| 3.5% down (FHA) | $7,324 | $205,466 | $1,382 | $93 | $405 | $1,879 | $80,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.72% 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 Springfield metro area.
Illinois counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Winnebago County | $211,111 | +8.9% | 2.39% |
| Jersey County | $203,810 | +3.9% | 1.76% |
| Sangamon County | $200,144 | +7.5% | 1.99% |
| Effingham County | $218,457 | +3.5% | 1.49% |
| Calhoun County | $198,789 | +7.3% | 1.39% |
| Madison County | $197,597 | +5.3% | 1.92% |
| La Salle County | $194,863 | +5.4% | 2.11% |
| Clinton County | $225,207 | +6.4% | 1.83% |
| Kankakee County | $227,163 | +6.0% | 2.21% |
| Tazewell County | $189,622 | +6.5% | 2.11% |
Frequently asked questions
What is the average home price in Menard County, IL?
The typical home value in Menard County is $209,256 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Menard County?
About $65,600 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Menard County?
The median effective rate is 1.72% of home value a year (Census ACS 2024 5-year estimates).