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Housing in Wade

A typical Wade home is worth roughly $120,000

Typical home value
$120K
IL $298K
Estimate
2-bedroom rent
$920
a month, utilities in · HUD
Median tax bill
$2,630
IL $5,298

What kind of housing town is Wade?

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

★ What stands out · Affordability

A typical home costs 1.9 years of income

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

You could afford about
$211,000
Typical Wade home $120K

That covers a typical Wade home, with $91K to spare.

The typical home, each month
$850
Loan $590Tax $220Insurance $30

A two-bedroom rents for about $920 a month here, $70 more than owning.

How Wade ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Wade’s typical property tax (2.20% 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 $778, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$630
1 bedroom$710
2 bedrooms$920
3 bedrooms$1,100
4 bedrooms$1,310
20%
of households rent · IL 33%
310
renter households
32%
of renters spend 30%+ of income on rent · IL 48%
17%
of the median income, for a two-bedroom
$778
median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Clay 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 Wade households own their home

Half of Wade’s homes were built before 1976.

Owners and renters
Own 80%Rent 20%

Illinois: 67% own.

1976
typical home built · IL 1971
$2,630
median property tax bill · IL $5,298
2.20%
of a home’s value, a year in tax · IL 2.01%

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

Next door

Wade vs. its neighbors

Wade is the 3rd least expensive of 5 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentMedian income
Wade$120K*—$920$64,167
Crooked Creek$284K*—$920$121,250
North Muddy$95K*—$1,010$66,964
Grove$250K*—$940$96,607
Willow Hill$71K*—$930$80,417

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 Wade buyers, sellers and renters are saying.

Town Square →
Weigh in
Is Wade 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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