Dixon, IL home prices
Typical home $188,696 · +6.6% in a year · income needed $60,900
The Dixon, IL metro area ranks 686 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +6.6% in a year and +30.4% over five years. With 20% down at 7.11%, the typical home costs about $1,420 a month including 1.97% property tax (Lee County rate).
Mortgage on the typical Dixon home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $37,739 | $150,957 | $1,015 | $0 | $404 | $1,420 | $60,900 |
| 10% down | $18,870 | $169,826 | $1,142 | $71 | $404 | $1,618 | $69,300 |
| 5% down | $9,435 | $179,261 | $1,206 | $75 | $404 | $1,685 | $72,200 |
| 3.5% down (FHA) | $6,604 | $185,278 | $1,246 | $83 | $404 | $1,734 | $74,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.97% 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.
Counties in the Dixon area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Lee County, IL | $188,606 | +6.6% | 1.97% |
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Frequently asked questions
How much is a house in Dixon?
The typical home in the Dixon, IL metro area is worth $188,696 (Zillow, September 2026).
What salary do you need to buy a house in Dixon?
About $60,900 a year for the typical home with 20% down at 7.11%.