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Will County Housing Market

Illinois · 102 counties · Ranked #2643 in home value

Above National AvgAffordable

Housing at a Glance

Median Home Value

$298,000

vs national+$298,000 vs $281,900 national

Median Gross Rent

$1,413/mo

vs national+$1,413 vs $1,163 national

Effective Tax Rate

2.35%

vs national+2.35% vs 1.02% national

Median Household Income

$107,799

vs national+$107,799 vs $74,755 national

Affordability Ratio

2.8x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

29.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$6,993

Tax as % of Home Value

2.35%

Monthly Owner Cost

$1,789

Renter Income

$54,376

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Similar Counties by Home Value

Capitol Planning Region

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Frequently Asked Questions

What is the median home value in Will County?

The median home value in Will County is $298,000. This is above the national median of $281,900.

How much is rent in Will County?

The median gross rent in Will County is $1,413 per month.

What is the property tax rate in Will County?

The effective property tax rate in Will County is 2.35%. The median annual property tax bill is $6,993.

Is Will County affordable?

With a home-value-to-income ratio of 2.8x, Will County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.