Effingham, IL home prices
Typical home $218,377 · +3.5% in a year · income needed $66,700
The Effingham, IL metro area ranks 575 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.5% in a year and +25.2% over five years. With 20% down at 7.11%, the typical home costs about $1,556 a month including 1.49% property tax (Effingham County rate).
Mortgage on the typical Effingham home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $43,675 | $174,702 | $1,175 | $0 | $380 | $1,556 | $66,700 |
| 10% down | $21,838 | $196,539 | $1,322 | $82 | $380 | $1,784 | $76,500 |
| 5% down | $10,919 | $207,458 | $1,396 | $86 | $380 | $1,862 | $79,800 |
| 3.5% down (FHA) | $7,643 | $214,422 | $1,442 | $97 | $380 | $1,919 | $82,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.49% 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 Effingham area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Effingham County, IL | $218,457 | +3.5% | 1.49% |
What can you afford in Illinois on your salary? · Illinois home prices · Salaries in Illinois
Frequently asked questions
How much is a house in Effingham?
The typical home in the Effingham, IL metro area is worth $218,377 (Zillow, September 2026).
What salary do you need to buy a house in Effingham?
About $66,700 a year for the typical home with 20% down at 7.11%.