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Housing in Pilot

A typical Pilot home is worth roughly $246,000

Home prices around Pilot have risen about 42% over the past 5 years.

Typical home value
$246K
▲ 0.6% in a year · IL $298K
Estimate
2-bedroom rent
$1,300
a month, utilities in · HUD
Median tax bill
$4,470
IL $5,298

What kind of housing town is Pilot?

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

★ What stands out · Affordability

A typical home costs 2.7 years of income

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

You could afford about
$308,000
Typical Pilot home $246K

That covers a typical Pilot home, with $61K to spare.

The typical home, each month
$1,720
Loan $1,220Tax $430Insurance $70

A two-bedroom rents for about $1,300 a month here, $420 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, Pilot’s typical property tax (2.08% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Price trend

Home prices up 42% in 5 years

The federal house price index for the ZIP codes around Pilot rose 42% over the past 5 years, slower than across Illinois (47%). Last year prices rose 0.6%. Carrying the Census median home value forward with that index puts the typical Pilot home at roughly $246,000 today.

Pilot areaIllinois
−50%0%+50%+100%200120052010201520202025
+0.6%
past year
+42%
past 5 years
+70%
past 10 years
Estimated value

Carrying the Census median forward with the index puts a typical home at about $246K.

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Pilot, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Renting

A two-bedroom rents for about $1,300

Renters already here pay a median of $1,037, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$900
1 bedroom$1,000
2 bedrooms$1,300
3 bedrooms$1,710
4 bedrooms$1,750
21%
of households rent · IL 33%
141
renter households
56%
of renters spend 30%+ of income on rent · IL 48%
17%
of the median income, for a two-bedroom
$1,037
median rent paid today · Census

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

79% of Pilot households own their home

Half of Pilot’s homes were built before 1968.

Owners and renters
Own 79%Rent 21%

Illinois: 67% own.

1968
typical home built · IL 1971
$4,470
median property tax bill · IL $5,298
2.08%
of a home’s value, a year in tax · IL 2.01%

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

Next door

Pilot vs. its neighbors

Pilot is the priciest of 4 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentMedian income
Pilot$246K*+0.6%†$1,300$92,222
Norton$166K*—$1,350$74,063
Milks Grove—+12.1%†$1,080$245,147
Otto$180K*—$1,230$80,250
Limestone$240K+7.1%$1,250$112,258

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 Pilot buyers, sellers and renters are saying.

Town Square →
Weigh in
Is Pilot 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. Price trend: Federal Housing Finance Agency House Price Index. 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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