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Housing in Boone

A typical Boone home is worth roughly $165,000

Typical home value
$165K
IL $298K
Estimate
2-bedroom rent
$1,210
a month, utilities in · HUD
Median tax bill
$4,225
IL $5,298

What kind of housing town is Boone?

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

★ What stands out · Affordability

A typical home costs 1.7 years of income

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

You could afford about
$310,000
Typical Boone home $165K

That covers a typical Boone home, with $145K to spare.

The typical home, each month
$1,220
Loan $820Tax $350Insurance $50

A two-bedroom rents for about $1,210 a month here, $10 less than owning.

Where your budget reaches nearby

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Boone’s typical property tax (2.56% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,210

Renters already here pay a median of $992, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$850
1 bedroom$930
2 bedrooms$1,210
3 bedrooms$1,600
4 bedrooms$1,650
18%
of households rent · IL 33%
82
renter households
42%
of renters spend 30%+ of income on rent · IL 48%
15%
of the median income, for a two-bedroom
$992
median rent paid today · Census

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

The homes

82% of Boone households own their home

Half of Boone’s homes were built before 1988.

Owners and renters
Own 82%Rent 18%

Illinois: 67% own.

1988
typical home built · IL 1971
$4,225
median property tax bill · IL $5,298
2.56%
of a home’s value, a year in tax · IL 2.01%

U.S. Census Bureau, American Community Survey 2020-2024.

Next door

Boone vs. its neighbors

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

Compare more
TownTypical value1-yr change2-bed rentMedian income
Boone$165K*—$1,210$98,438
Poplar Grove$280K+6.1%$1,710$110,647
Dunham$247K*+11.9%†$1,430$92,697
LeRoy—+7.1%†$1,420$95,208

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 Boone buyers, sellers and renters are saying.

Town Square →
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Is Boone still affordable for young families?

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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.

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