TrueAffordHome Affordability by State
What can you afford in Illinois?
A baseline estimate for a household earning $96,000 a year gross, with typical debts and expenses, a $40,000 down payment, and a 740-759 credit score — using Illinois's own property tax and insurance data rather than a national average. Every assumption is editable in the full calculator below.
Illinois's effective property tax rate is around 2.05% of home value per year — the 2nd highest in the country. Average homeowner's insurance runs near $1,900/year on a $300,000 home — the 25th lowest.
Comfortable
$276,747
Stretch
$320,782
Risky ceiling
$347,203
This baseline's own budget can sustain at least as much as a lender's debt-to-income ceiling allows in Illinois — the DTI ratio, not the household budget, is what limits the number here.
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