In Belvidere, a typical home is worth $158,900 and typical rent is $991 a month. Compared with all of Boone County, the typical home value is 27% lower, typical household income is 24% lower, and the share of households that own their home is 11 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $185,156 to $262,225.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Belvidere is in Boone County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Boone County. See the county
What this place has that others do not, from public data, most unusual first.
1
The typical home in Belvidere is worth $158,900,27% less than in Boone County as a whole ($216,900).
2
Nearby, in Rockford, the typical home value is $129,000: 19% less than in Belvidere ($158,900).
3
The typical household income in Belvidere is $64,528,24% less than in Boone County as a whole ($84,571).
4
71% of households in Belvidere own their home, against 82% in Boone County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Belvidere
What homes there are in Belvidere, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Belvidere
Boone County
Illinois
United States
Kind of home: Belvidere and its comparisons
Measure
Belvidere
Boone County
Illinois
United States
Detached house
65%
78%
58%
61%
Attached house
7%
5%
6%
6%
Building of 2 to 4
10%
5%
12%
8%
Apartments (5 or more)
9%
5%
22%
19%
Mobile home
9%
6%
2%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is still the most common home in Belvidere, but it weighs less than in Boone County: 65% against 78%.
Mobile homes are 9% of homes in Belvidere, more than in Boone County (6%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Belvidere
Boone County
Illinois
United States
Year built: Belvidere and its comparisons
Measure
Belvidere
Boone County
Illinois
United States
Before 1960
33%
26%
38%
26%
1960–1979
21%
19%
26%
24%
1980–1999
22%
28%
20%
25%
2000–2009
19%
22%
11%
14%
2010 or later
4%
5%
6%
11%
Homes in Belvidere are older: the typical year built is 1976; in Boone County, 1986.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K22%
$100K–$200K47%
$200K–$300K22%
$300K–$500K8%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Belvidere and its comparisons
Measure
Belvidere
Under $100K
22%
$100K–$200K
47%
$200K–$300K
22%
$300K–$500K
8%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable estimate
The FHA limit for Boone County is high ($541,287): at least 98% of owner-occupied homes in Belvidere are worth less than $500,000.
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99941%
$1,000–$1,49935%
$1,500–$1,99912%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Belvidere and its comparisons
Measure
Belvidere
Under $500
Unreliable estimate
$500–$999
41%
$1,000–$1,499
35%
$1,500–$1,999
12%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$1,433 a month
Boone County: $1,635 a month
Without a mortgage
$617 a month
Boone County: $778 a month
Owners with a mortgage
62%
Boone County: 60%
Owning costs less in Belvidere: with a mortgage, the typical cost is $1,433 a month; in Boone County, $1,635. Without one, $617.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Belvidere+44%
Boone County+41%
Illinois+35%
United States+53%
Typical rent
Belvidere+28%
Boone County+22%
Illinois+26%
United States+33%
Typical household income
Belvidere+26%
Boone County+22%
Illinois+27%
United States+29%
Change since 2015–2019: Belvidere and its comparisons
Measure
Belvidere
Boone County
Illinois
United States
Typical home value
+44%
+41%
+35%
+53%
Typical rent
+28%
+22%
+26%
+33%
Typical household income
+26%
+22%
+27%
+29%
The typical home value in Belvidere rose 44% since 2015–2019, about the same as in Boone County (41%).
The typical rent in Belvidere rose 28% over the same time; in Boone County, it rose 22%.
The typical household income in Belvidere rose 26% over that time; home values changed +44% and rent +28%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Belvidere and its comparisons
Measure
Belvidere
Boone County
Illinois
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
5.0%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.0%
0.9%
More than one person per room
Unreliable estimate
2.1%
2.5%
3.4%
People per household
2.56
2.72
2.46
2.53
Drive alone
79%
79%
66%
69%
Carpool
11%
10%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
6%
3%
Walk or bike
Unreliable estimate
Unreliable estimate
3%
3%
Work from home
8%
10%
16%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Households in Belvidere are smaller: 2.56 people on average; in Boone County, 2.72.
The car rules in Belvidere: 79% of workers drive to work alone, and the typical trip takes 20 to 29 minutes.
Do the math
What would you pay each month for a home in Belvidere?
A typical home is within reach of the typical income
We start with a typical home in Belvidere, worth $158,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 28% of the typical household income in Belvidere, which is $64,528 a year.
The calculator's FHA and conventional loan limits are those of all of Boone County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Belvidere. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $5,562 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,482
at 7.18% · 30 years
Loan amount
$156,021
Total interest
$224,478
Paid off in
November 2056
Includes $2,683 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,506 a month
Your payment · 28%
Tight
$1,506 to $1,936 a month
Hard
more than $1,936 a month
Compared with the typical household income in Belvidere ($64,528 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,057
Property tax
$289
Home insurance
$66
FHA mortgage insurance (MIP)
$70
You need at least $5,562 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,482; principal and interest $1,057.
The city and its county
Belvidere and Boone County
Belvidere is in Boone County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Belvidere
Map of Boone County, Illinois, with Belvidere marked. Around it, the neighboring counties.
Belvidere
Boone County
Other cities with a page
Belvidere's own numbers
Typical home value
$158,900
Typical monthly rent
$991
Typical yearly household income
$64,528
Households that own their home
71%
Effective property tax rate
2.18%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Boone County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,172
Price change over 5 years (FHFA)
+59%
Homes in a high flood-risk zone
0.9%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Boone County.
A typical home in Belvidere is worth $158,900: 27% below the county and 40% below Illinois. With the typical household income in Belvidere ($64,528 a year), a typical home costs 2.5 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Belvidere2.5 years
Boone2.6 years
Illinois3.2 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Boone County
According to FHFA’s house price index, home prices in Boone County rose 88% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Boone County.
Yearly change in FHFA’s price index in Boone County, 2016 to 2025
2016: +1.6% +1.6% 2016
2017: +5.2% +5.2% 2017
2018: +4.2% +4.2% 2018
2019: +4.1% +4.1% 2019
2020: +1.6% +1.6% 2020
2021: +12.1% +12.1% 2021
2022: +11.6% +11.6% 2022
2023: +9.4% +9.4% 2023
2024: +8.1% +8.1% 2024
2025: +7.6% +7.6% 2025
Change in FHFA’s price index in Boone County, Illinois and the United States
Period
County
Illinois
U.S.
Last year (2025)
+7.6%
+5.7%
+2.9%
5 years (2020–2025)
+59%
+47%
+47%
10 years (2015–2025)
+88%
+65%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Belvidere next to Boone County, Illinois and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Belvidere$158,900
Boone$216,900
Illinois$263,300
United States$332,700
Typical monthly rent
Belvidere$991
Boone$1,041
Illinois$1,274
United States$1,413
Typical yearly household income
Belvidere$64,528
Boone$84,571
Illinois$83,390
United States$80,734
See the full table
Belvidere next to Boone County and Illinois
Measure
Belvidere
Boone County
Illinois
U.S.
Typical home value
$158,900 ▼27% below the county
$216,900
$263,300
$332,700
Typical monthly rent
$991 ▼5% below the county
$1,041
$1,274
$1,413
Typical yearly household income
$64,528 ▼24% below the county
$84,571
$83,390
$80,734
Households that own their home
71% ▼11 points below the county
82%
67%
65%
Typical yearly property tax
$3,466 ▼27% below the county
$4,735
$5,298
$3,119
Effective property tax rate
2.18%
2.18%
2.01%
0.94%
Renters with high rent for their income
46% ▲1 points above the county
46%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Boone County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Belvidere
For a typical $158,900 home in Belvidere, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Belvidere's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,482a month
Least cash to close
Down payment
$5,562
Cash to close
$10,329
Rate
7.18%
Mortgage insurance
FHA MIP · $70
Conventional, 5% down$1,453a month
Down payment
$7,945
Cash to close
$12,712
Rate
7.18%
Mortgage insurance
PMI · $75
Conventional, 20% down, no PMI$1,216a month
Down payment
$31,780
Cash to close
$36,547
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,363a month
Down payment
$23,835
Cash to close
$28,602
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Belvidere
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,482
$5,562
$156,022
7.18%
FHA MIP · $70
$10,329
580
Conventional, 5% down
$1,453
$7,945
$150,955
7.18%
PMI · $75
$12,712
620*
Conventional, 20% down, no PMI
$1,216
$31,780
$127,120
7.18%
None
$36,547
620*
ITIN, 15% down (example)
$1,363
$23,835
$135,065
8.18%
None
$28,602
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Belvidere is $991 a month: 5% below the county. In Belvidere, 46% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Boone County, by unit size. To pay the 2-bedroom one ($1,172 a month) without spending more than 30% of your income, you would need to earn $22.54 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Boone County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$816
$15.69
$32,640
1 bedroom
$896
$17.23
$35,840
2 bedrooms
$1,172
$22.54
$46,880
3 bedrooms
$1,542
$29.65
$61,680
4 bedrooms
$1,578
$30.35
$63,120
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Belvidere
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Belvidere is in ZIP code 61008.
For 2 bedrooms it is $1,150: $22 less than the fair market rent for Boone County ($1,172).
Fair market rent by ZIP code and size in Belvidere, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
61008
$800
$880
$1,150
$1,510
$1,550
ZIP code2 bd3 bd
61008 $1,150$1,510
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Belvidere when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Boone County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Belvidere or Boone County. The ones below are statewide in Illinois: they work in Belvidere the same as in the rest of the state.
IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois.Offered by Illinois Housing Development Authority (IHDA).
No legal help resource on our list is for Belvidere or Boone County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Belvidere and all of Boone County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Belvidere?
The typical home value in Belvidere is $158,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Boone County it is $216,900.
How much does it cost to rent in Belvidere?
Typical rent in Belvidere is $991 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Boone County is $1,172.
What is the FHA loan limit in Belvidere?
Belvidere uses the FHA limit for all of Boone County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Belvidere?
The typical homeowner in Belvidere pays $3,466 a year, according to the U.S. Census Bureau. That is 2.18% of the home’s value; in Boone County, the rate is 2.18%.
Where can I find free help to buy or rent in Belvidere?
We found no HUD-approved counseling agencies with an office in Boone County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
