Housing in Banner

A typical Banner home is worth roughly $145,000

Typical home value

$145K

IL $298K

Estimate

2-bedroom rent

$940

a month, utilities in · HUD

Median tax bill

$2,019

IL $5,298

What kind of housing town is Banner?

Read from the numbers below. The page puts what stands out first.

Your money goes further51% below the Illinois typical home.Older homesThe typical home was built around 1952.

★ What stands out · Affordability

A typical home costs 1.8 years of income

Less than across Illinois (3.6 years). Try your own numbers below.

You could afford about

$295,000

Typical Banner home $145K

That covers a typical Banner home, with $150K to spare.

The typical home, each month

$930

Loan $720Tax $170Insurance $40

A two-bedroom rents for about $940 a month here, $10 more than owning.

Where your budget reaches nearby

Douglas$185K Prairie$144K Summit$313K Liberty$92K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Banner’s typical property tax (1.39% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

78% of Banner households own their home

Half of Banner’s homes were built before 1952.

Owners and renters

Own 78%Rent 22%

Illinois: 67% own.

1952

typical home built · IL 1971

$2,019

median property tax bill · IL $5,298

1.39%

of a home’s value, a year in tax · IL 2.01%

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Renting

A two-bedroom rents for about $940

Renters already here pay a median of $850, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$750

1 bedroom$770

2 bedrooms$940

3 bedrooms$1,230

4 bedrooms$1,420

22%

of households rent · IL 33%

renter households

$850

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Effingham County, IL): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Banner vs. its neighbors

Banner is the 3rd least expensive of 5 neighboring towns. Tap one to see its housing page.

Summit$313K Douglas$185K Banner$145K Prairie$144K Liberty$92K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Banner	$145K*	—	$940	$81,029
Douglas	$185K*	+6.3%†	$920	$74,666
Prairie	$144K*	—	$1,050	$68,333
Summit	$313K*	+7.2%†	$930	$111,488
Liberty	$92K*	—	$970	$61,471

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Banner buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Banner still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.