Mortgage payment estimates, closing cost breakdowns, and homebuying data for Joliet, Illinois.
Pre-filled with Joliet median home price and Illinois tax/insurance rates. Adjust for your property.
Estimated closing costs based on Illinois rates and fees applied to Joliet prices.
The median home price in Joliet is $255,000, 6% below the Illinois state median of $270,000. With a population of 150,362, Joliet is a mid-size city where home prices tend to be more accessible than in many parts of Illinois.
Property taxes in Illinois average 2.07% annually. This higher-than-average tax rate means a $255,000 home in Joliet would carry roughly $440/month in property taxes alone — plan accordingly. Homeowners insurance in Illinois runs approximately $1,900 per year. This is within the normal range nationally.
Average rent in Joliet is $1,350/month. The price-to-rent ratio in Joliet is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Joliet presents moderate affordability. The $255K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.