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Housing in Osceola

A typical Osceola home is worth roughly $90,000

Typical home value
$90K
IL $298K
Estimate
2-bedroom rent
$990
a month, utilities in · HUD
Median tax bill
$1,344
IL $5,298

What kind of housing town is Osceola?

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

★ What stands out · Affordability

A typical home costs 1.5 years of income

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

You could afford about
$216,000
Typical Osceola home $90K

That covers a typical Osceola home, with $126K to spare.

The typical home, each month
$580
Loan $450Tax $110Insurance $30

A two-bedroom rents for about $990 a month here, $410 more than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Osceola’s typical property tax (1.49% 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

82% of Osceola households own their home

Half of Osceola’s homes were built before 1946.

Owners and renters
Own 82%Rent 18%

Illinois: 67% own.

1946
typical home built · IL 1971
$1,344
median property tax bill · IL $5,298
1.49%
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 $990

Renters already here pay a median of $797, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$720
1 bedroom$780
2 bedrooms$990
3 bedrooms$1,270
4 bedrooms$1,380
18%
of households rent · IL 33%
64
renter households
$797
median rent paid today · Census

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

Neighbors talk housing

What Osceola buyers, sellers and renters are saying.

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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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