|Illinois Real Estate at a Glance:|
|Population:||12,875,255||Est. % of all sales that are short-sales:||21%|
|Land Mass in Square Miles:||57,914.38||Property Taxes % of Home Value:||1.73%|
|Median Home Value:||$202,200|
Above are today’s average mortgage loan interest rates for Illinois.
Illinois, birthplace of former president Ronald Regan and current home to nearly 13 million people, has relatively high property taxes. Charging 1.73 percent of a property’s total value each year ranks Illinois number 6 in the nation for highest property taxes. It also houses a median home value of $202,200.
The home loan interest rates above update daily, so monitor them closely when contemplating a property purchase in Illinois.