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Housing in Tyrone

A typical Tyrone home is worth roughly $83,000

Typical home value
$83K
IL $298K
Estimate
2-bedroom rent
$920
a month, utilities in · HUD
Median tax bill
$1,019
IL $5,298

What kind of housing town is Tyrone?

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

★ What stands out · Affordability

A typical home costs 1.6 years of income

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

You could afford about
$190,000
Typical Tyrone home $83K

That covers a typical Tyrone home, with $107K to spare.

The typical home, each month
$520
Loan $410Tax $80Insurance $20

A two-bedroom rents for about $920 a month here, $400 more than owning.

Where your budget reaches nearby

How Tyrone ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Tyrone’s typical property tax (1.22% 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 $920

Renters already here pay a median of $814, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$630
1 bedroom$700
2 bedrooms$920
3 bedrooms$1,180
4 bedrooms$1,330
20%
of households rent · IL 33%
370
renter households
59%
of renters spend 30%+ of income on rent · IL 48%
22%
of the median income, for a two-bedroom
$814
median rent paid today · Census

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

The homes

80% of Tyrone households own their home

Half of Tyrone’s homes were built before 1956.

Owners and renters
Own 80%Rent 20%

Illinois: 67% own.

1956
typical home built · IL 1971
$1,019
median property tax bill · IL $5,298
1.22%
of a home’s value, a year in tax · IL 2.01%
1%
of homes are seasonal or vacation homes

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

Next door

Tyrone vs. its neighbors

Tyrone is the 2nd least expensive of 4 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentMedian income
Tyrone$83K*—$920$50,878
Goode$91K*—$930$59,420
Browning$89K*−4.9%†$930$53,125
Six Mile$77K*—$940$56,437

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 Tyrone buyers, sellers and renters are saying.

Town Square →
Weigh in
Is Tyrone 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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