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City · 17,712 residents · Madison County, Illinois

Godfrey , Illinois

In Godfrey, a typical home is worth $192,200 and typical rent is $1,153 a month. Compared with all of Madison County, typical household income is 25% higher, typical rent is 13% higher, and the share of households that own their home is 10 points higher.

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  • Typical home value

    $192,200

    11% above the county

    27% below Illinois

    • Godfrey
    • Madison
    • Illinois

  • Typical rent

    $1,153a month

    13% above the county

    9% below Illinois

    • Godfrey
    • Madison
    • Illinois

  • Typical household income

    $94,543a year

    25% above the county

    13% above Illinois

    • Godfrey
    • Madison
    • Illinois

  • Households that own their home

    84%

    10 points above the county

    17 points above Illinois

    • Godfrey
    • Madison
    • Illinois

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

Market now, with Zillow data

Zillow data
Typical home value
$220,144
5.7% more than 12 months ago

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

Godfrey is in Madison 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 Madison County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Godfrey apart

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

  1. Nearby, in Alton, the typical home value is $103,700: 46% less than in Godfrey ($192,200).

  2. Nearby, in Jerseyville, the typical rent is $869: 25% less than in Godfrey ($1,153).

  3. The typical household income in Godfrey is $94,543, 25% more than in Madison County as a whole ($75,793).

  4. 84% of households in Godfrey own their home, against 74% in Madison County.

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

The homes here

Housing in Godfrey

What homes there are in Godfrey, 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 houses, standing on their own, make up 85% of homes here, against 79% in Madison County.

Year built

In Godfrey, half of the homes were built before 1974; in Madison County, before 1971.

Homes in Godfrey are bigger: 73% have 3 bedrooms or more; in Madison 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

About 94% of owner-occupied homes in Godfrey are worth less than the FHA loan limit for Madison County ($541,287).

Monthly rent with utilities

With a mortgage

$1,572 a month

Madison County: $1,511 a month

Without a mortgage

$710 a month

Madison County: $653 a month

Owners with a mortgage

59%

Madison County: 60%

In Godfrey, 59% of owners have a mortgage; their typical cost is $1,572 a month, about the same as in Madison County.

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, home values in Godfrey rose at about the same pace as in Madison County: 30% against 28%.

Since 2015–2019, the typical rent in Godfrey rose 21%, less than in Madison County (24%).

While home values in Godfrey changed +30% and rent +21%, the typical household income rose 29%.

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

MeasureGodfreyMadison CountyIllinoisUnited States
Rental vacancy Unreliable estimate4.1%5.0%5.5%
Homeowner vacancy Unreliable estimate1.0%1.0%0.9%
More than one person per room Unreliable estimate1.0%2.5%3.4%
People per household 2.322.352.462.53
Drive alone 77%78%66%69%
Carpool 6%7%8%9%
Public transit Unreliable estimate1%6%3%
Walk or bike Unreliable estimate1%3%3%
Work from home 16%13%16%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

A household in Godfrey has 2.32 people on average, about the same as in Madison County (2.35).

Working from home is more common in Godfrey: 16%, against 13% in Madison County.

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 Godfrey?

A typical home is within reach of the typical income

We start with a typical home in Godfrey, worth $192,200, 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 Godfrey, which is $94,543 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Godfrey. 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 $6,727 (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

$1,749

at 7.18% · 30 years

Loan amount
$188,719
Total interest
$271,522
Paid off in
November 2056

Includes $3,246 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,206 a month

    Your payment · 22%

  • Tight

    $2,206 to $2,836 a month

  • Hard

    more than $2,836 a month

Compared with the typical household income in Godfrey ($94,543 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,749
Principal & interest$1,278
Property tax$306
Home insurance$80
FHA mortgage insurance (MIP)$85

You need at least $6,727 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

Godfrey and Madison County

Godfrey is in Madison 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).

Godfrey's own numbers

Typical home value
$192,200
Typical monthly rent
$1,153
Typical yearly household income
$94,543
Households that own their home
84%
Effective property tax rate
1.91%

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

Numbers for all of Madison County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,349
Price change over 5 years (FHFA)
+47%

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 Madison County.

Everything about Madison County

Buying

Buying a home in Godfrey

A typical home in Godfrey is worth $192,200: 11% above the county and 27% below Illinois. With the typical household income in Godfrey ($94,543 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.

  • Godfrey 2.0 years
  • Madison 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 Madison County

According to FHFA’s house price index, home prices in Madison County rose 66% in the 10 years through 2025.

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

Period County Illinois U.S.
Last year (2025) +6.7% +5.7% +2.9%
5 years (2020–2025) +47% +47% +47%
10 years (2015–2025) +66% +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

Godfrey next to Madison 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
  • Godfrey $192,200
  • Madison $173,000
  • Illinois $263,300
  • United States $332,700
Typical monthly rent
  • Godfrey $1,153
  • Madison $1,024
  • Illinois $1,274
  • United States $1,413
Typical yearly household income
  • Godfrey $94,543
  • Madison $75,793
  • Illinois $83,390
  • United States $80,734
See the full table
Godfrey next to Madison County and Illinois
Measure Godfrey Madison County Illinois U.S.
Typical home value $192,200 $173,000 $263,300 $332,700
Typical monthly rent $1,153 $1,024 $1,274 $1,413
Typical yearly household income $94,543 $75,793 $83,390 $80,734
Households that own their home 84% 74% 67% 65%
Typical yearly property tax $3,675 $3,319 $5,298 $3,119
Effective property tax rate 1.91% 1.92% 2.01% 0.94%
Renters with high rent for their income 53% 47% 48% 51%

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

For a typical $192,200 home in Godfrey, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Godfrey's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,749a month

    Least cash to close
    Down payment
    $6,727
    Cash to close
    $12,493
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $85

  • Conventional, 5% down $1,714a month

    Down payment
    $9,610
    Cash to close
    $15,376
    Rate
    7.18%
    Mortgage insurance
    PMI · $91

  • Conventional, 20% down, no PMI $1,428a month

    Down payment
    $38,440
    Cash to close
    $44,206
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,605a month

    Down payment
    $28,830
    Cash to close
    $34,596
    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 Godfrey and for Madison County.

Property tax

Effective rate in Godfrey

1.91%of the home’s value each year

$3,675 a year for the typical owner in Godfrey.

  • Godfrey 1.91%
  • Madison 1.92%
  • Illinois 2.01%

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

Exemptions and deadlines in Illinois

Flood risk in Madison County

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

FEMA’s maps count no homes in the high-risk zone in Madison County. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Godfrey

Typical rent in Godfrey is $1,153 a month: 13% above the county. In Godfrey, 53% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Madison County, by unit size. To pay the 2-bedroom one ($1,349 a month) without spending more than 30% of your income, you would need to earn $25.94 an hour working full time.

HUD fair market rent for all of Madison 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 $1,064 $20.46 $42,560
1 bedroom $1,104 $21.23 $44,160
2 bedrooms $1,349 $25.94 $53,960
3 bedrooms $1,731 $33.29 $69,240
4 bedrooms $1,997 $38.40 $79,880

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 Godfrey

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Godfrey is in ZIP code 62035.

For 2 bedrooms it is $1,440: $91 more than the fair market rent for Madison County ($1,349).

  • 62035 $1,440$1,850

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

HUD lists 2 buildings with rents for lower incomes in Godfrey. These are the largest.

  • Godfrey Estates/Northwood Apartments 325 Big Arch Rd, Godfrey 62035 100 homes, 40 low-income · For families (618) 466-4345
  • D'adrian Meadows Apts II 1234 Preis Ln, Godfrey 62035 16 low-income homes · 2 bd: 16 · In service since 1991

See all 57 buildings in Madison County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Godfrey

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 Madison County; none says it serves in Spanish.

A man smiles on a bench outside his apartment building.

HUD counseling is free or low-cost

Assistance programs in Godfrey

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

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

  • Madison County Urban League

    408 E Broadway Street, Alton · 5 miles away

    • Mortgage delinquency and default
    • Fair housing pre-purchase workshops
    • and 5 more
    618-463-1906-222

  • Urban League of Metropolitan ST. Louis - ST. Clair County Operations

    10220 Lincoln Trail, Fairview Heights · 27 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    618-274-1150-126

  • 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 Madison County All counseling agencies in Illinois

Help in Spanish near Godfrey

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 Godfrey

HUD’s record names them for Godfrey or Madison County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Madison County Housing Authority Public housing and Section 8 vouchers (618) 345-5142

2 other authorities have an office in Madison County: see the list Source: HUD

Cities

Other cities in Madison County

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

Everything about Madison County Housing in Illinois

Nearby cities

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

Neighboring counties

If Madison 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 Godfrey.

All guides
Two parents walk hand in hand with their little daughter.

Questions

Housing questions about Godfrey

Short answers with the numbers for Godfrey and all of Madison 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 Godfrey?

The typical home value in Godfrey is $192,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Madison County it is $173,000.

How much does it cost to rent in Godfrey?

Typical rent in Godfrey is $1,153 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Madison County is $1,349.

What is the FHA loan limit in Godfrey?

Godfrey uses the FHA limit for all of Madison 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 Godfrey?

The typical homeowner in Godfrey pays $3,675 a year, according to the U.S. Census Bureau. That is 1.91% of the home’s value; in Madison County, the rate is 1.92%.

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

There is 1 HUD-approved counseling agency with an office in Madison 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).