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Housing in Grisham

A typical Grisham home is worth roughly $67,000

Typical home value
$67K
IL $298K
Estimate
2-bedroom rent
$1,020
a month, utilities in · HUD
Median tax bill
$1,323
IL $5,298

What kind of housing town is Grisham?

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

★ What stands out · Affordability

A typical home costs 0.8 years of income

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

You could afford about
$282,000
Typical Grisham home $67K

That covers a typical Grisham home, with $214K to spare.

The typical home, each month
$460
Loan $330Tax $110Insurance $20

A two-bedroom rents for about $1,020 a month here, $560 more 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, Grisham’s typical property tax (1.96% 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

91% of Grisham households own their home

Half of Grisham’s homes were built before 1973.

Owners and renters
Own 91%Rent 9%

Illinois: 67% own.

1973
typical home built · IL 1971
$1,323
median property tax bill · IL $5,298
1.96%
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 $1,020

Renters already here pay a median of $933.

Fair Market Rent a month, utilities included

Studio$740
1 bedroom$820
2 bedrooms$1,020
3 bedrooms$1,240
4 bedrooms$1,410
9%
of households rent · IL 33%
18
renter households
$933
median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Montgomery 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

Grisham vs. its neighbors

Grisham is the least expensive of 4 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentMedian income
Grisham$67K*—$1,020$82,554
Shoal Creek$110K*—$1,000$66,938
East Fork$124K*—$1,080$68,250
Hillsboro$149K+11.9%$1,020$51,215

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 Grisham buyers, sellers and renters are saying.

Town Square →
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Is Grisham still affordable for young families?

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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.

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