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City · 14,639 residents · Sangamon County, Illinois

Chatham , Illinois

In Chatham, a typical home is worth $243,200 and typical rent is $1,256 a month. Compared with all of Sangamon County, typical household income is 42% higher, the typical home value is 38% higher, and the share of households that own their home is 9 points higher.

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  • Typical home value

    $243,200

    38% above the county

    8% below Illinois

    • Chatham
    • Sangamon
    • Illinois

  • Typical rent

    $1,256a month

    28% above the county

    About the same as Illinois

    • Chatham
    • Sangamon
    • Illinois

  • Typical household income

    $106,773a year

    42% above the county

    28% above Illinois

    • Chatham
    • Sangamon
    • Illinois

  • Households that own their home

    81%

    9 points above the county

    13 points above Illinois

    • Chatham
    • Sangamon
    • Illinois

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$308,412
6.7% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Chatham is in Sangamon 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 Sangamon County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Chatham apart

What this place has that others do not, from public data, most unusual first.

  1. Chatham has the 6th smallest share of rent-burdened renters of the 291 cities in Illinois with more than 5,000 people (29%).

  2. Nearby, in Taylorville, the typical home value is $104,100: 57% less than in Chatham ($243,200).

  3. Nearby, in Litchfield, the typical rent is $675: 46% less than in Chatham ($1,256).

  4. The typical household income in Chatham is $106,773, 42% more than in Sangamon County as a whole ($75,357).

  5. The typical home in Chatham is worth $243,200, 38% more than in Sangamon County as a whole ($176,300).

  6. The typical rent in Chatham is $1,256 a month, 28% more than in Sangamon County as a whole ($983).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Chatham

What homes there are in Chatham, 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

The detached house is the most common home in Chatham: 73% of homes, near the figure in Sangamon County (73%).

Year built

Here half of the homes date from 1995 or later; in Sangamon County, from 1974 or later.

In Chatham, 74% of homes have 3 bedrooms or more, more than in Sangamon County (61%).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,781 a month

Sangamon County: $1,494 a month

Without a mortgage

$764 a month

Sangamon County: $651 a month

Owners with a mortgage

72%

Sangamon County: 59%

The typical cost for an owner with a mortgage in Chatham is $1,781 a month, more than in Sangamon County ($1,494); without one, $764.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Chatham rose 29%; in Sangamon County, it rose 25%.

Much as in Sangamon County, the typical rent in Chatham rose 20% since 2015–2019.

While home values in Chatham changed +29% and rent +20%, the typical household income rose 20%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureChathamSangamon CountyIllinoisUnited States
Rental vacancy Unreliable estimate10.9%5.0%5.5%
Homeowner vacancy Unreliable estimate1.0%1.0%0.9%
More than one person per room Unreliable estimate1.5%2.5%3.4%
People per household 2.602.252.462.53
Drive alone 77%77%66%69%
Carpool 6%6%8%9%
Public transit Unreliable estimate1%6%3%
Walk or bike Unreliable estimate2%3%3%
Work from home 15%14%16%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate10 to 19 minutes20 to 29 minutes20 to 29 minutes

More people live in each home here: 2.60 on average, against 2.25 in Sangamon County.

In Chatham, 77% of workers drive alone to work; in Sangamon County, 77%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Chatham?

A typical home is within reach of the typical income

We start with a typical home in Chatham, worth $243,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 25% of the typical household income in Chatham, which is $106,773 a year.

The calculator's FHA and conventional loan limits are those of all of Sangamon County.

Your numbers

Local data
$

Starts at the typical home value in Chatham. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,512 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,232

at 7.18% · 30 years

Loan amount
$238,795
Total interest
$343,570
Paid off in
November 2056

Includes $4,107 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,491 a month

    Your payment · 25%

  • Tight

    $2,491 to $3,203 a month

  • Hard

    more than $3,203 a month

Compared with the typical household income in Chatham ($106,773 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,232
Principal & interest$1,618
Property tax$405
Home insurance$101
FHA mortgage insurance (MIP)$108

You need at least $8,512 for the down payment, plus closing costs.

Next step

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.

The city and its county

Chatham and Sangamon County

Chatham is in Sangamon 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).

Chatham's own numbers

Typical home value
$243,200
Typical monthly rent
$1,256
Typical yearly household income
$106,773
Households that own their home
81%
Effective property tax rate
2%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Sangamon County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,237
Price change over 5 years (FHFA)
+42%
Homes in a high flood-risk zone
0.5%

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 Sangamon County.

Everything about Sangamon County

Buying

Buying a home in Chatham

A typical home in Chatham is worth $243,200: 38% above the county and 8% below Illinois. With the typical household income in Chatham ($106,773 a year), a typical home costs 2.3 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.

  • Chatham 2.3 years
  • Sangamon 2.3 years
  • Illinois 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Sangamon County

According to FHFA’s house price index, home prices in Sangamon County rose 50% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Sangamon County.

Period County Illinois U.S.
Last year (2025) +4.5% +5.7% +2.9%
5 years (2020–2025) +42% +47% +47%
10 years (2015–2025) +50% +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

Chatham next to Sangamon 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
  • Chatham $243,200
  • Sangamon $176,300
  • Illinois $263,300
  • United States $332,700
Typical monthly rent
  • Chatham $1,256
  • Sangamon $983
  • Illinois $1,274
  • United States $1,413
Typical yearly household income
  • Chatham $106,773
  • Sangamon $75,357
  • Illinois $83,390
  • United States $80,734
See the full table
Chatham next to Sangamon County and Illinois
Measure Chatham Sangamon County Illinois U.S.
Typical home value $243,200 $176,300 $263,300 $332,700
Typical monthly rent $1,256 $983 $1,274 $1,413
Typical yearly household income $106,773 $75,357 $83,390 $80,734
Households that own their home 81% 71% 67% 65%
Typical yearly property tax $4,866 $3,512 $5,298 $3,119
Effective property tax rate 2% 1.99% 2.01% 0.94%
Renters with high rent for their income 29% 46% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Sangamon 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 Chatham

For a typical $243,200 home in Chatham, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Chatham's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,232a month

    Least cash to close
    Down payment
    $8,512
    Cash to close
    $15,808
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $108

  • Conventional, 5% down $2,187a month

    Down payment
    $12,160
    Cash to close
    $19,456
    Rate
    7.18%
    Mortgage insurance
    PMI · $116

  • Conventional, 20% down, no PMI $1,825a month

    Down payment
    $48,640
    Cash to close
    $55,936
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,050a month

    Down payment
    $36,480
    Cash to close
    $43,776
    Rate
    8.18%
    Mortgage insurance
    None

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.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Chatham and for Sangamon County.

Property tax

Effective rate in Chatham

2%of the home’s value each year

$4,866 a year for the typical owner in Chatham.

  • Chatham 2%
  • Sangamon 1.99%
  • Illinois 2.01%

What Illinois publishes General Homestead Exemption (Illinois Department of Revenue)

Exemptions and deadlines in Illinois

Flood risk in Sangamon County

FEMA does not publish these numbers by city: they are for all of Sangamon County.

Homes in the high-risk zone
0.5%
363
Of those, with NFIP insurance
19%
County Illinois U.S.
Homes in the high-risk zone 0.5% 1.5% 3.5%
Of those, with NFIP insurance 19% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Chatham

Typical rent in Chatham is $1,256 a month: 28% above the county. In Chatham, 29% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Sangamon County, by unit size. To pay the 2-bedroom one ($1,237 a month) without spending more than 30% of your income, you would need to earn $23.79 an hour working full time.

HUD fair market rent for all of Sangamon County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $861 $16.56 $34,440
1 bedroom $977 $18.79 $39,080
2 bedrooms $1,237 $23.79 $49,480
3 bedrooms $1,631 $31.37 $65,240
4 bedrooms $1,728 $33.23 $69,120

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 Chatham

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Chatham is in ZIP code 62629.

For 2 bedrooms it is $1,510: $273 more than the fair market rent for Sangamon County ($1,237).

  • 62629 $1,510$1,990

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Chatham 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 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Chatham

HUD lists one building with rents for lower incomes in Chatham.

  • Chatham Crossing 771 Titan Ct, Chatham 62629 60 low-income homes · 1 bd: 8 · 2 bd: 30 · 3 bd: 22 · In service since 2004 · For families

See all 41 buildings in Sangamon County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Chatham

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.

There is 1 HUD-approved agency with an office in Sangamon County; none says it serves in Spanish.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Chatham

No down payment, repair or rent-help program on our list is for Chatham or Sangamon County. The ones below are statewide in Illinois: they work in Chatham the same as in the rest of the state.

Which programs do I qualify for? All programs in Illinois

  • IHDAccess Home

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with deferred payments for first-time buyers in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

  • IHDAccess Forgivable

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan forgiven little by little over ten years, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Forgivable

    See the program Official page

  • IHDAccess Deferred

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

Housing counselors near Chatham

The HUD-approved agencies closest to the center of Chatham, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Springfield Housing Authority

    200 N 11th St, Springfield · 9 miles away

    • Mortgage delinquency and default
    • Workshops for new owners
    • and 2 more
    (217) 753-5757

  • C.e.f.s. - Christian County Outreach Office

    220 W. Franklin, Taylorville · 23 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    217-824-4712-22

  • Macoupin County Housing Authority

    760 Anderson Street, Carlinville · 29 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    217-854-8606-202

Every agency in Sangamon County All counseling agencies in Illinois

Help in Spanish near Chatham

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Chatham

In HUD’s record, no housing authority with an office in Sangamon County is named for Chatham or Sangamon County.

One other authority has an office in Sangamon County: see the list Source: HUD

Cities

Other cities in Sangamon County

These cities are also in Sangamon County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Sangamon County Housing in Illinois

Nearby cities

The cities closest to Chatham, with the typical home value.

Neighboring counties

If Sangamon County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Chatham.

All guides
A couple spread mulch under the avocado trees of their family orchard, he on the tractor and she with a shovel.

Questions

Housing questions about Chatham

Short answers with the numbers for Chatham and all of Sangamon 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 Chatham?

The typical home value in Chatham is $243,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Sangamon County it is $176,300.

How much does it cost to rent in Chatham?

Typical rent in Chatham is $1,256 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Sangamon County is $1,237.

What is the FHA loan limit in Chatham?

Chatham uses the FHA limit for all of Sangamon 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 Chatham?

The typical homeowner in Chatham pays $4,866 a year, according to the U.S. Census Bureau. That is 2% of the home’s value; in Sangamon County, the rate is 1.99%.

Where can I find free help to buy or rent in Chatham?

There is 1 HUD-approved counseling agency with an office in Sangamon County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).