Will County, IL

Comprehensive housing, income, and cost of living data for Will County, Illinois. Population: 696.8K.

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Median Home Price

$334.8K

Based on 30 cities

Median Household Income

$107.8K

Annual household income

Price-to-Income Ratio

3.1x

Moderately affordable

Salary Needed to Buy

$103.5K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax

$6,993

Average annual amount

Effective Tax Rate

2.09%

Property tax / home value

Monthly Housing Costs

Mortgage (P&I)$1,693

Property Tax$583

Insurance$139

Total Monthly$2,415

Historical Home Prices

2015

$208.7K

2016

$218.3K

+4.6%%

2017

$230.1K

+5.4%%

2018

$236.7K

+2.9%%

2019

$244.5K

+3.3%%

2020

$258.0K

+5.5%%

2021

$287.3K

+11.4%%

2022

$309.9K

+7.9%%

2023

$328.1K

+5.9%%

2024

$346.9K

+5.7%%

2025

$358.2K

+3.3%%

Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate

5.5%%

Near national average

Population Density

834

People per square mile

Homicide Rate

3.8

Low (per 100K residents)

Political Lean (2020)

Competitive

D+0

Racial Demographics

White

59.8%

Black

11.5%

Hispanic

19.3%

Asian

Two or More Races

3.1%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature

51°F

Annual average

Sunny Days

156

Days per year

Annual Rainfall

39.2"

Inches per year

Natural Disaster Risk

High Risk

Score: 97/100

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