Housing in Waltham

A typical Waltham home is worth roughly $264,000

Typical home value

$264K

IL $298K

Estimate

2-bedroom rent

$1,360

a month, utilities in · HUD

Median tax bill

$6,709

IL $5,298

Affordability

A typical home costs 3.2 years of income

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

You could afford about

$260,000

Typical Waltham home $264K

That’s $4K short of a typical Waltham home.

The typical home, each month

$1,940

Loan $1,310Tax $560Insurance $80

A two-bedroom rents for about $1,360 a month here, $580 less than owning.

Where your budget reaches nearby

Utica$243K Wallace$250K Dimmick$296K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Waltham’s typical property tax (2.54% 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 $1,360

Renters already here pay a median of $1,656.

Fair Market Rent a month, utilities included

Studio$970

1 bedroom$1,040

2 bedrooms$1,360

3 bedrooms$1,820

4 bedrooms$2,140

12%

of households rent · IL 33%

renter households

$1,656

median rent paid today · Census

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

88% of Waltham households own their home

Half of Waltham’s homes were built before 1973.

Owners and renters

Own 88%Rent 12%

Illinois: 67% own.

1973

typical home built · IL 1971

$6,709

median property tax bill · IL $5,298

2.54%

of a home’s value, a year in tax · IL 2.01%

13%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Next door

Waltham vs. its neighbors

Waltham is the 2nd priciest of 4 neighboring towns. Tap one to see its housing page.

Dimmick$296K Waltham$264K Wallace$250K Utica$243K

Compare more

Town	Typical value	1-yr change	2-bed rent	New homes 2007	Median income
Waltham	$264K*	—	$1,360	—	$82,321
Utica	$243K*	—	$1,350	—	$113,060
Wallace	$250K*	+7.8%†	$1,130	0	$102,917
Ophir	—	+9.6%†	$1,140	—	—
Dimmick	$296K*	+9.1%†	$1,100	—	$118,654

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 Waltham buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Waltham 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. 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.