Stephenson County, Illinois home prices
Typical home $160,455 · +8.4% in a year · property tax 2.4%
The typical home in Stephenson County is worth $160,455, 46% less than the Illinois typical home ($295,943). Values changed +8.4% in the past year and +47.9% over five years. Homeowners here pay a median 2.4% of their home's value in property tax each year ($3,854 on the typical home), versus 1.92% statewide.
Mortgage on the typical Stephenson County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $32,091 | $128,364 | $864 | $0 | $401 | $1,265 | $54,200 |
| 10% down | $16,045 | $144,409 | $971 | $60 | $401 | $1,433 | $61,400 |
| 5% down | $8,023 | $152,432 | $1,025 | $64 | $401 | $1,490 | $63,900 |
| 3.5% down (FHA) | $5,616 | $157,548 | $1,060 | $71 | $401 | $1,532 | $65,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 2.4% 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 Freeport metro area.
Illinois counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Pope County | $159,950 | +11.3% | 1.03% |
| Douglas County | $161,023 | +5.6% | 1.7% |
| Schuyler County | $159,625 | +7.8% | 1.78% |
| Iroquois County | $159,371 | +0.4% | 1.82% |
| Carroll County | $161,686 | +9.7% | 1.99% |
| Williamson County | $157,730 | +0.1% | 1.72% |
| Bond County | $163,686 | +9.9% | 1.89% |
| Ford County | $157,181 | +3.3% | 2.12% |
| Dewitt County | $163,837 | +9.6% | 1.78% |
| Rock Island County | $156,822 | +3.9% | 2.28% |
Frequently asked questions
What is the average home price in Stephenson County, IL?
The typical home value in Stephenson County is $160,455 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Stephenson County?
About $54,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Stephenson County?
The median effective rate is 2.4% of home value a year (Census ACS 2024 5-year estimates).