In Joliet, a typical home is worth $265,800 and typical rent is $1,276 a month. Compared with all of Will County, the typical home value is 17% lower, typical household income is 16% lower, and the share of households that own their home is 9 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $205,922 to $267,651.
Typical rent
$1,675a month
▲ 6% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,202 to $1,675.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Joliet 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
What this place has that others do not, from public data, most unusual first.
1
According to Zillow, in the 12 months to September 2026 the typical home value in Joliet rose 1.3%; in Illinois, it rose 5.3%.
2
The typical home in Joliet is worth $265,800,17% less than in Will County as a whole ($319,600).
3
The typical household income in Joliet is $92,201,16% less than in Will County as a whole ($109,984).
4
74% of households in Joliet own their home, against 83% in Will County.
Sources: Zillow (September 2026 data); U.S. Census Bureau (Average 2020–2024). Zillow data
The homes here
Housing in Joliet
What homes there are in Joliet, 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
Joliet
Will County
Illinois
United States
Kind of home: Joliet and its comparisons
Measure
Joliet
Will County
Illinois
United States
Detached house
70%
74%
58%
61%
Attached house
9%
11%
6%
6%
Building of 2 to 4
9%
5%
12%
8%
Apartments (5 or more)
12%
8%
22%
19%
Mobile home
1%
1%
2%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is still the most common home in Joliet, but it weighs less than in Will County: 70% against 74%.
Year built
Before 19601960–19791980–19992000–20092010 or later
Joliet
Will County
Illinois
United States
Year built: Joliet and its comparisons
Measure
Joliet
Will County
Illinois
United States
Before 1960
30%
15%
38%
26%
1960–1979
17%
22%
26%
24%
1980–1999
23%
30%
20%
25%
2000–2009
24%
26%
11%
14%
2010 or later
6%
8%
6%
11%
In Joliet, half of the homes were built before 1985; in Will County, before 1992.
Homes in Joliet are smaller: 67% have 3 bedrooms or more; in Will County, 75%.
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 $100K5%
$100K–$200K21%
$200K–$300K38%
$300K–$500K34%
$500K–$750K2%
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Joliet and its comparisons
Measure
Joliet
Under $100K
5%
$100K–$200K
21%
$200K–$300K
38%
$300K–$500K
34%
$500K–$750K
2%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
The FHA loan limit for Will County is $541,287, and about 98% of owner-occupied homes in Joliet are worth less than that.
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50011%
$500–$99917%
$1,000–$1,49941%
$1,500–$1,99919%
$2,000–$2,49910%
HUD fair market rent, 2 bedrooms: $2,011
$2,500–$2,9992%
$3,000 or moreUnreliable
Monthly rent with utilities: Joliet and its comparisons
Measure
Joliet
Under $500
11%
$500–$999
17%
$1,000–$1,499
41%
$1,500–$1,999
19%
$2,000–$2,499
10%
$2,500–$2,999
2%
$3,000 or more
Unreliable estimate
By rent, most homes in Joliet cost less than HUD's 2-bedroom fair market rent ($2,011): about 87%.
With a mortgage
$1,960 a month
Will County: $2,255 a month
Without a mortgage
$819 a month
Will County: $971 a month
Owners with a mortgage
72%
Will County: 69%
Owning costs less in Joliet: with a mortgage, the typical cost is $1,960 a month; in Will County, $2,255. Without one, $819.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Joliet+47%
Will County+38%
Illinois+35%
United States+53%
Typical rent
Joliet+24%
Will County+24%
Illinois+26%
United States+33%
Typical household income
Joliet+31%
Will County+27%
Illinois+27%
United States+29%
Change since 2015–2019: Joliet and its comparisons
Measure
Joliet
Will County
Illinois
United States
Typical home value
+47%
+38%
+35%
+53%
Typical rent
+24%
+24%
+26%
+33%
Typical household income
+31%
+27%
+27%
+29%
From 2015–2019 to 2020–2024, the typical home value in Joliet rose 47%; in Will County, it rose 38%.
Much as in Will County, the typical rent in Joliet rose 24% since 2015–2019.
While home values in Joliet changed +47% and rent +24%, the typical household income rose 31%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Joliet and its comparisons
Measure
Joliet
Will County
Illinois
United States
Rental vacancy
4.3%
3.7%
5.0%
5.5%
Homeowner vacancy
0.9%
0.5%
1.0%
0.9%
More than one person per room
3.2%
2.1%
2.5%
3.4%
People per household
2.89
2.84
2.46
2.53
Drive alone
78%
73%
66%
69%
Carpool
11%
8%
8%
9%
Public transit
1%
2%
6%
3%
Walk or bike
1%
1%
3%
3%
Work from home
9%
15%
16%
15%
Other means
1%
1%
1%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Open rentals in Joliet look like those in Will County: the rental vacancy rate is 4.3%.
More than one person per room: that is how 3.2% of households in Joliet live, more than in Will County (2.1%).
Much as in Will County, a household in Joliet has 2.89 people on average.
To get to work, 78% of workers in Joliet drive alone; in Will County, 73%.
Do the math
What would you pay each month for a home in Joliet?
A typical home is tight for the typical income
We start with a typical home in Joliet, worth $265,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 32% of the typical household income in Joliet, which is $92,201 a year. For that payment to be 28% of income, a household would need to earn about $105,871 a year.
The calculator's FHA and conventional loan limits are those of all of Will 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 Joliet. 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 $9,303 (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
$2,470
at 7.18% · 30 years
Loan amount
$260,986
Total interest
$375,497
Paid off in
November 2056
Includes $4,489 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,151 a month
Tight
$2,151 to $2,766 a month
Your payment · 32%
Hard
more than $2,766 a month
Compared with the typical household income in Joliet ($92,201 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,768
Property tax
$474
Home insurance
$111
FHA mortgage insurance (MIP)
$118
You need at least $9,303 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 $2,470; principal and interest $1,768.
The city and its county
Joliet and Will County
Joliet 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).
Joliet
Map of Will County, Illinois, with Joliet marked. Around it, the neighboring counties.
Joliet
Will County
Other cities with a page
Joliet's own numbers
Typical home value
$265,800
Typical monthly rent
$1,276
Typical yearly household income
$92,201
Households that own their home
74%
Effective property tax rate
2.14%
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.
A typical home in Joliet is worth $265,800: 17% below the county and about the same as Illinois. With the typical household income in Joliet ($92,201 a year), a typical home costs 2.9 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.
Joliet2.9 years
Will2.9 years
Illinois3.2 years
United States4.1 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.
Yearly change in FHFA’s price index in Will County, 2016 to 2025
2016: +3.5% +3.5% 2016
2017: +4.0% +4.0% 2017
2018: +4.1% +4.1% 2018
2019: +3.1% +3.1% 2019
2020: +1.3% +1.3% 2020
2021: +9.9% +9.9% 2021
2022: +14.1% +14.1% 2022
2023: +8.8% +8.8% 2023
2024: +7.0% +7.0% 2024
2025: +4.6% +4.6% 2025
Change in FHFA’s price index in Will County, Illinois and the United States
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
Joliet 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
Joliet$265,800
Will$319,600
Illinois$263,300
United States$332,700
Typical monthly rent
Joliet$1,276
Will$1,462
Illinois$1,274
United States$1,413
Typical yearly household income
Joliet$92,201
Will$109,984
Illinois$83,390
United States$80,734
See the full table
Joliet next to Will County and Illinois
Measure
Joliet
Will County
Illinois
U.S.
Typical home value
$265,800 ▼17% below the county
$319,600
$263,300
$332,700
Typical monthly rent
$1,276 ▼13% below the county
$1,462
$1,274
$1,413
Typical yearly household income
$92,201 ▼16% below the county
$109,984
$83,390
$80,734
Households that own their home
74% ▼9 points below the county
83%
67%
65%
Typical yearly property tax
$5,694 ▼21% below the county
$7,173
$5,298
$3,119
Effective property tax rate
2.14% ▼0.1 points below the county
2.24%
2.01%
0.94%
Renters with high rent for their income
52% ▲1 points above the county
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 Joliet
For a typical $265,800 home in Joliet, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Joliet's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,470a month
Least cash to close
Down payment
$9,303
Cash to close
$17,277
Rate
7.18%
Mortgage insurance
FHA MIP · $118
Conventional, 5% down$2,422a month
Down payment
$13,290
Cash to close
$21,264
Rate
7.18%
Mortgage insurance
PMI · $126
Conventional, 20% down, no PMI$2,025a month
Down payment
$53,160
Cash to close
$61,134
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,271a month
Down payment
$39,870
Cash to close
$47,844
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Joliet
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,470
$9,303
$260,986
7.18%
FHA MIP · $118
$17,277
580
Conventional, 5% down
$2,422
$13,290
$252,510
7.18%
PMI · $126
$21,264
620*
Conventional, 20% down, no PMI
$2,025
$53,160
$212,640
7.18%
None
$61,134
620*
ITIN, 15% down (example)
$2,271
$39,870
$225,930
8.18%
None
$47,844
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 Joliet is $1,276 a month: 13% below the county. In Joliet, 52% 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.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Will County (Fiscal year 2027)
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 Joliet
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Joliet has 4 ZIP codes with their own.
For 2 bedrooms it runs from $1,770 in 60432 to $1,950 in 60431.
None is above the fair market rent for Will County ($2,011).
2-bedroom fair market rent in each of the 4 ZIP codes of Joliet, beside the one for Will County. For 2 bedrooms it runs from $1,770 in 60432 to $1,950 in 60431. None is above the fair market rent for Will County ($2,011).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $2,011
Lowest: $1,770 (60432)Highest: $1,950 (60431)
Fair market rent by ZIP code and size in Joliet, fiscal year 2027.
60431
$1,590
$1,660
$1,950
$2,520
$2,820
60432
$1,480
$1,570
$1,770
$2,280
$2,600
60435
$1,570
$1,660
$1,880
$2,420
$2,760
60436
$1,550
$1,650
$1,860
$2,390
$2,730
ZIP code2 bd3 bd
60431 $1,950$2,520
60432 $1,770$2,280
60435 $1,880$2,420
60436 $1,860$2,390
4 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Joliet 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)
HUD lists 18 buildings with rents for lower incomes in Joliet. These are the largest.
Riverwalk Homes LLC350 N Broadway St, Joliet 60435356 low-income homes · For families(833) 748-7955
Larkin Village Apts929 Lois Pl, Joliet 60435476 homes, 289 low-income · Studio: 57 · 1 bd: 216 · 2 bd: 183 · 3 bd: 20 · In service since 1999 · For families
Scattered Sites2200 Oneida St, Joliet 60435173 low-income homes · Run by Housing Authority of Joliet · Average payment: $383 a month · Average wait: 30 months · Homes at several sites(815) 727-0611
John Holmes Complex401 N Bluff St, Joliet 60435174 homes, 170 low-income · Run by Housing Authority of Joliet · Average payment: $338 a month · Average wait: 16 months(815) 727-0611
Inwood Towers247 Caterpillar Dr, Joliet 60436134 low-income homes · 1 bd: 134 · In service since 2004 · For older adults(312) 524-7452
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.
No down payment, repair or rent-help program on our list is for Joliet or Will County. The ones below are statewide in Illinois: they work in Joliet 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 Joliet or Will 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 Joliet 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 Joliet?
The typical home value in Joliet is $265,800, 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 Joliet?
Typical rent in Joliet is $1,276 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 Joliet?
Joliet 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 Joliet?
The typical homeowner in Joliet pays $5,694 a year, according to the U.S. Census Bureau. That is 2.14% of the home’s value; in Will County, the rate is 2.24%.
Where can I find free help to buy or rent in Joliet?
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.
