In Candlewick Lake, a typical home is worth $172,300 and typical rent is $1,520 a month. Compared with all of Boone County, typical rent is 46% higher, the typical home value is 21% lower, and the share of households that own their home is 11 points higher.
Candlewick Lake 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 rent in Candlewick Lake is $1,520 a month, 46% more than in Boone County as a whole ($1,041).
2
Nearby, in Rockford, the typical rent is $985: 35% less than in Candlewick Lake ($1,520).
3
Nearby, in Rockford, the typical home value is $129,000: 25% less than in Candlewick Lake ($172,300).
4
Candlewick Lake has the 20th highest homeownership rate of the 337 cities in Illinois with more than 5,000 people (93%).
5
The typical home in Candlewick Lake is worth $172,300,21% less than in Boone County as a whole ($216,900).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Candlewick Lake
What homes there are in Candlewick Lake, 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
Candlewick Lake
Boone County
Illinois
United States
Kind of home: Candlewick Lake and its comparisons
Measure
Candlewick Lake
Boone County
Illinois
United States
Detached house
96%
78%
58%
61%
Attached house
Unreliable estimate
5%
6%
6%
Building of 2 to 4
Unreliable estimate
5%
12%
8%
Apartments (5 or more)
Unreliable estimate
5%
22%
19%
Mobile home
Unreliable estimate
6%
2%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses, standing on their own, make up 96% of homes here, against 78% in Boone County.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Candlewick Lake
Boone County
Illinois
United States
Year built: Candlewick Lake and its comparisons
Measure
Candlewick Lake
Boone County
Illinois
United States
Before 1960
Unreliable estimate
26%
38%
26%
1960–1979
Unreliable estimate
19%
26%
24%
1980–1999
55%
28%
20%
25%
2000–2009
21%
22%
11%
14%
2010 or later
Unreliable estimate
5%
6%
11%
Here half of the homes date from 1994 or later; in Boone County, from 1986 or later.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K50%
$200K–$300K23%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Candlewick Lake and its comparisons
Measure
Candlewick Lake
Under $100K
Unreliable estimate
$100K–$200K
50%
$200K–$300K
23%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Candlewick Lake and its comparisons
Measure
Candlewick Lake
Under $500
Unreliable
$500–$999
Unreliable
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,557 a month
Boone County: $1,635 a month
Without a mortgage
$756 a month
Boone County: $778 a month
Owners with a mortgage
73%
Boone County: 60%
In Candlewick Lake, 73% of owners have a mortgage; their typical cost is $1,557 a month, about the same as in Boone County.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Candlewick LakeBoundaries changed
Boone County+41%
Illinois+35%
United States+53%
Typical rent
Candlewick LakeBoundaries changed
Boone County+22%
Illinois+26%
United States+33%
Typical household income
Candlewick LakeBoundaries changed
Boone County+22%
Illinois+27%
United States+29%
Change since 2015–2019: Candlewick Lake and its comparisons
Measure
Candlewick Lake
Boone County
Illinois
United States
Typical home value
Boundaries changed
+41%
+35%
+53%
Typical rent
Boundaries changed
+22%
+26%
+33%
Typical household income
Boundaries changed
+22%
+27%
+29%
The Census does not compare Candlewick Lake with 2015–2019 because its boundaries changed. In Boone County, over that time, the typical home value rose 41%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Candlewick Lake and its comparisons
Measure
Candlewick Lake
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
3.23
2.72
2.46
2.53
Drive alone
73%
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
13%
10%
16%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
30 to 39 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Households in Candlewick Lake are bigger: 3.23 people on average; in Boone County, 2.72.
Working from home is more common in Candlewick Lake: 13%, against 10% in Boone County.
Do the math
What would you pay each month for a home in Candlewick Lake?
A typical home is within reach of the typical income
We start with a typical home in Candlewick Lake, worth $172,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 22% of the typical household income in Candlewick Lake, which is $86,146 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 Candlewick Lake. 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 $6,031 (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
$1,591
at 7.18% · 30 years
Loan amount
$169,179
Total interest
$243,408
Paid off in
November 2056
Includes $2,910 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,010 a month
Your payment · 22%
Tight
$2,010 to $2,584 a month
Hard
more than $2,584 a month
Compared with the typical household income in Candlewick Lake ($86,146 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,146
Property tax
$297
Home insurance
$72
FHA mortgage insurance (MIP)
$76
You need at least $6,031 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 $1,591; principal and interest $1,146.
The city and its county
Candlewick Lake and Boone County
Candlewick Lake 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).
Candlewick Lake
Map of Boone County, Illinois, with Candlewick Lake marked. Around it, the neighboring counties.
Candlewick Lake
Boone County
Other cities with a page
Candlewick Lake's own numbers
Typical home value
$172,300
Typical monthly rent
$1,520
Typical yearly household income
$86,146
Households that own their home
93%
Effective property tax rate
2.07%
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 Candlewick Lake is worth $172,300: 21% below the county and 35% below Illinois. With the typical household income in Candlewick Lake ($86,146 a year), a typical home costs 2.0 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.
Candlewick Lake2.0 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
Candlewick Lake 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
Candlewick Lake$172,300
Boone$216,900
Illinois$263,300
United States$332,700
Typical monthly rent
Candlewick Lake$1,520
Boone$1,041
Illinois$1,274
United States$1,413
Typical yearly household income
Candlewick Lake$86,146
Boone$84,571
Illinois$83,390
United States$80,734
See the full table
Candlewick Lake next to Boone County and Illinois
Measure
Candlewick Lake
Boone County
Illinois
U.S.
Typical home value
$172,300 ▼21% below the county
$216,900
$263,300
$332,700
Typical monthly rent
$1,520 ▲46% above the county
$1,041
$1,274
$1,413
Typical yearly household income
$86,146
$84,571
$83,390
$80,734
Households that own their home
93% ▲11 points above the county
82%
67%
65%
Typical yearly property tax
$3,564 ▼25% below the county
$4,735
$5,298
$3,119
Effective property tax rate
2.07% ▼0.11 points below the county
2.18%
2.01%
0.94%
“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 Candlewick Lake
For a typical $172,300 home in Candlewick Lake, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Candlewick Lake's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,591a month
Least cash to close
Down payment
$6,031
Cash to close
$11,200
Rate
7.18%
Mortgage insurance
FHA MIP · $76
Conventional, 5% down$1,560a month
Down payment
$8,615
Cash to close
$13,784
Rate
7.18%
Mortgage insurance
PMI · $82
Conventional, 20% down, no PMI$1,303a month
Down payment
$34,460
Cash to close
$39,629
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,462a month
Down payment
$25,845
Cash to close
$31,014
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Candlewick Lake
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,591
$6,031
$169,179
7.18%
FHA MIP · $76
$11,200
580
Conventional, 5% down
$1,560
$8,615
$163,685
7.18%
PMI · $82
$13,784
620*
Conventional, 20% down, no PMI
$1,303
$34,460
$137,840
7.18%
None
$39,629
620*
ITIN, 15% down (example)
$1,462
$25,845
$146,455
8.18%
None
$31,014
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 Candlewick Lake is $1,520 a month: 46% above the county.
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 Candlewick Lake
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Candlewick Lake is in ZIP code 61065.
For 2 bedrooms it is $1,760: $588 more than the fair market rent for Boone County ($1,172).
Fair market rent by ZIP code and size in Candlewick Lake, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
61065
$1,230
$1,350
$1,760
$2,320
$2,370
ZIP code2 bd3 bd
61065 $1,760$2,320
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Candlewick Lake 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 Candlewick Lake or Boone County. The ones below are statewide in Illinois: they work in Candlewick Lake 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).
The HUD-approved agencies closest to the center of Candlewick Lake, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
RP
Region 1 Planning Council
127 N Wyman St, Rockford · 13 miles away · Spanish
No legal help resource on our list is for Candlewick Lake 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 Candlewick Lake 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 Candlewick Lake?
The typical home value in Candlewick Lake is $172,300, 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 Candlewick Lake?
Typical rent in Candlewick Lake is $1,520 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 Candlewick Lake?
Candlewick Lake 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 Candlewick Lake?
The typical homeowner in Candlewick Lake pays $3,564 a year, according to the U.S. Census Bureau. That is 2.07% of the home’s value; in Boone County, the rate is 2.18%.
Where can I find free help to buy or rent in Candlewick Lake?
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.
