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City · 8,386 residents · Will County, Illinois

Crete , Illinois

In Crete, a typical home is worth $228,500 and typical rent is $1,309 a month. Compared with all of Will County, the typical home value is 29% lower, typical household income is 12% lower, and the share of households that own their home is 7 points higher.

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  • Typical home value

    $228,500

    29% below the county

    13% below Illinois

    • Crete
    • Will
    • Illinois

  • Typical rent

    $1,309a month

    10% below the county

    3% above Illinois

    • Crete
    • Will
    • Illinois

  • Typical household income

    $97,147a year

    12% below the county

    16% above Illinois

    • Crete
    • Will
    • Illinois

  • Households that own their home

    90%

    7 points above the county

    23 points above Illinois

    • Crete
    • Will
    • Illinois

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

Market now, with Zillow data

Zillow data
Typical home value
$303,300
4.3% more than 12 months ago

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

Crete is in Will 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 Will County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Crete apart

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

  1. Nearby, in Sauk Village, the typical home value is $110,800: 52% less than in Crete ($228,500).

  2. Crete has the 9th largest share of rent-burdened renters of the 291 cities in Illinois with more than 5,000 people (70%).

  3. The typical home in Crete is worth $228,500, 29% less than in Will County as a whole ($319,600).

  4. Nearby, in Chicago Heights, the typical rent is $1,038: 21% less than in Crete ($1,309).

  5. 90% of households in Crete own their home, against 83% in Will County.

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

The homes here

Housing in Crete

What homes there are in Crete, 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 rules in Crete: 84% of homes, more than in Will County (74%).

Year built

Homes in Crete are older: the typical year built is 1976; in Will County, 1992.

In Crete, 84% of homes have 3 bedrooms or more, more than in Will County (75%).

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

$1,935 a month

Will County: $2,255 a month

Without a mortgage

$985 a month

Will County: $971 a month

Owners with a mortgage

67%

Will County: 69%

The typical cost for an owner with a mortgage in Crete is $1,935 a month, less than in Will County ($2,255); without one, $985.

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 Crete rose 34%; in Will County, it rose 38%.

Since 2015–2019, the typical rent in Crete did not change clearly, according to the Census.

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

MeasureCreteWill CountyIllinoisUnited States
Rental vacancy Unreliable estimate3.7%5.0%5.5%
Homeowner vacancy Unreliable estimate0.5%1.0%0.9%
More than one person per room Unreliable estimate2.1%2.5%3.4%
People per household 2.492.842.462.53
Drive alone 78%73%66%69%
Carpool 6%8%8%9%
Public transit Unreliable estimate2%6%3%
Walk or bike Unreliable estimate1%3%3%
Work from home 11%15%16%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

Fewer people live in each home here: 2.49 on average, against 2.84 in Will County.

To get to work, 78% of workers in Crete drive alone; in Will County, 73%.

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 Crete?

A typical home is tight for the typical income

We start with a typical home in Crete, worth $228,500, 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 Crete, which is $97,147 a year. For that payment to be 28% of income, a household would need to earn about $97,706 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Crete. 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 $7,998 (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

$2,280

at 7.18% · 30 years

Loan amount
$224,361
Total interest
$322,803
Paid off in
November 2056

Includes $3,859 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,267 a month

  • Tight

    $2,267 to $2,914 a month

    Your payment · 28%

  • Hard

    more than $2,914 a month

Compared with the typical household income in Crete ($97,147 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,280
Principal & interest$1,520
Property tax$564
Home insurance$95
FHA mortgage insurance (MIP)$101

You need at least $7,998 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

Crete and Will County

Crete is in Will 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).

Crete's own numbers

Typical home value
$228,500
Typical monthly rent
$1,309
Typical yearly household income
$97,147
Households that own their home
90%
Effective property tax rate
2.96%

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

Numbers for all of Will County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,011
Price change over 5 years (FHFA)
+53%
Homes in a high flood-risk zone
1.5%

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 Will County.

Everything about Will County

Buying

Buying a home in Crete

A typical home in Crete is worth $228,500: 29% below the county and 13% below Illinois. With the typical household income in Crete ($97,147 a year), a typical home costs 2.4 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.

  • Crete 2.4 years
  • Will 2.9 years
  • Illinois 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Will County

According to FHFA’s house price index, home prices in Will County rose 79% in the 10 years through 2025.

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

Period County Illinois U.S.
Last year (2025) +4.6% +5.7% +2.9%
5 years (2020–2025) +53% +47% +47%
10 years (2015–2025) +79% +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

Crete next to Will 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
  • Crete $228,500
  • Will $319,600
  • Illinois $263,300
  • United States $332,700
Typical monthly rent
  • Crete $1,309
  • Will $1,462
  • Illinois $1,274
  • United States $1,413
Typical yearly household income
  • Crete $97,147
  • Will $109,984
  • Illinois $83,390
  • United States $80,734
See the full table
Crete next to Will County and Illinois
Measure Crete Will County Illinois U.S.
Typical home value $228,500 $319,600 $263,300 $332,700
Typical monthly rent $1,309 $1,462 $1,274 $1,413
Typical yearly household income $97,147 $109,984 $83,390 $80,734
Households that own their home 90% 83% 67% 65%
Typical yearly property tax $6,760 $7,173 $5,298 $3,119
Effective property tax rate 2.96% 2.24% 2.01% 0.94%
Renters with high rent for their income 70% 51% 48% 51%

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

For a typical $228,500 home in Crete, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Crete's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,280a month

    Least cash to close
    Down payment
    $7,998
    Cash to close
    $14,853
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $101

  • Conventional, 5% down $2,238a month

    Down payment
    $11,425
    Cash to close
    $18,280
    Rate
    7.18%
    Mortgage insurance
    PMI · $109

  • Conventional, 20% down, no PMI $1,897a month

    Down payment
    $45,700
    Cash to close
    $52,555
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,108a month

    Down payment
    $34,275
    Cash to close
    $41,130
    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 Crete and for Will County.

Property tax

Effective rate in Crete

2.96%of the home’s value each year

$6,760 a year for the typical owner in Crete.

  • Crete 2.96%
  • Will 2.24%
  • Illinois 2.01%

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

Exemptions and deadlines in Illinois

Flood risk in Will County

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

Homes in the high-risk zone
1.5%
3,291
Of those, with NFIP insurance
23%
County Illinois U.S.
Homes in the high-risk zone 1.5% 1.5% 3.5%
Of those, with NFIP insurance 23% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Crete

Typical rent in Crete is $1,309 a month: 10% below the county. In Crete, 70% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Will County, by unit size. To pay the 2-bedroom one ($2,011 a month) without spending more than 30% of your income, you would need to earn $38.67 an hour working full time.

HUD fair market rent for all of Will 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 $1,678 $32.27 $67,120
1 bedroom $1,780 $34.23 $71,200
2 bedrooms $2,011 $38.67 $80,440
3 bedrooms $2,586 $49.73 $103,440
4 bedrooms $2,954 $56.81 $118,160

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 Crete

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Crete is in ZIP code 60417.

For 2 bedrooms it is $1,840: $171 less than the fair market rent for Will County ($2,011).

  • 60417 $1,840$2,370

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Crete 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 Crete

HUD lists 4 buildings with rents for lower incomes in Crete. These are the largest.

  • ST James Senior Housing 3700 Eagle Nest Dr, Crete 60417 40 homes, 32 low-income · 1 bd: 16 · 2 bd: 24 · In service since 2006 · For older adults
  • New Hope Trust Residences 1545 Williams Ct, Crete 60417 12 low-income homes · For people with disabilities (708) 829-4358
  • Candice House 23810 S Candice Ct, Crete 60417 6 low-income homes · For people with disabilities (708) 259-1523
  • Deborah House 23858 S Deborah Ct, Crete 60417 6 low-income homes · For people with disabilities (708) 755-8030

See all 43 buildings in Will County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Crete

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 Will County; 1 says it serves in Spanish.

A man leans over the armchair where a girl is reading a book.

HUD counseling is free or low-cost

Assistance programs in Crete

No down payment, repair or rent-help program on our list is for Crete or Will County. The ones below are statewide in Illinois: they work in Crete 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 Crete

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

  • Respond Now, Inc.

    1439 Emerald Ave, Chicago Heights · 5 miles away

    • Budget and financial counseling
    • Homelessness services
    • and 1 more
    (708) 755-4357

  • Ceda - Chicago Heights

    1215 West End Ave., Chicago Heights · 5 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (312) 288-8010

  • Cornerstone Community Development Corporation, NFP

    943 E Lincoln Hwy, Ford Heights · 5 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (708) 758-2565

Every agency in Will County All counseling agencies in Illinois

Help in Spanish near Crete

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 Crete

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

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

Cities

Other cities in Will County

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

Everything about Will County Housing in Illinois
See 5 more cities in Will County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

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

Neighboring counties

If Will 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 Crete.

All guides
Three women of one family talk as they cook vegetables in the kitchen.

Questions

Housing questions about Crete

Short answers with the numbers for Crete and all of Will 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 Crete?

The typical home value in Crete is $228,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Will County it is $319,600.

How much does it cost to rent in Crete?

Typical rent in Crete is $1,309 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Will County is $2,011.

What is the FHA loan limit in Crete?

Crete uses the FHA limit for all of Will 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 Crete?

The typical homeowner in Crete pays $6,760 a year, according to the U.S. Census Bureau. That is 2.96% of the home’s value; in Will County, the rate is 2.24%.

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

There is 1 HUD-approved counseling agency with an office in Will County. 1 says it serves in Spanish. 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).