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City · 11,913 residents · Henry County, Illinois

Kewanee , Illinois

In Kewanee, a typical home is worth $73,200 and typical rent is $797 a month. Compared with all of Henry County, the typical home value is 52% lower, typical household income is 29% lower, and the share of households that own their home is 11 points lower.

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  • Typical home value

    $73,200

    52% below the county

    72% below Illinois

    • Kewanee
    • Henry
    • Illinois

  • Typical rent

    $797a month

    5% below the county

    37% below Illinois

    • Kewanee
    • Henry
    • Illinois

  • Typical household income

    $50,886a year

    29% below the county

    39% below Illinois

    • Kewanee
    • Henry
    • Illinois

  • Households that own their home

    69%

    11 points below the county

    2 points above Illinois

    • Kewanee
    • Henry
    • Illinois

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

Market now, with Zillow data

Zillow data
Typical home value
$83,091
8.1% more than 12 months ago

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

Kewanee is in Henry 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 Henry County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Kewanee apart

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

  1. Kewanee has the 3rd lowest typical home value of the 336 cities in Illinois with more than 5,000 people ($73,200).

  2. The typical household income in Kewanee is $50,886, 29% less than in Henry County as a whole ($71,911).

  3. 69% of households in Kewanee own their home, against 80% in Henry County.

  4. 14% of households in Kewanee have no internet at home (9% in Henry County).

  5. Kewanee has the 30th lowest typical rent of the 331 cities in Illinois with more than 5,000 people ($797).

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

The homes here

Housing in Kewanee

What homes there are in Kewanee, 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 are the majority in Kewanee (82%), but less so than in Henry County (87%).

Year built

Homes in Kewanee are older: the typical year built is 1948; in Henry County, 1961.

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

HUD's 2-bedroom fair market rent (FMR) for Henry County is $1,056; about 73% of rents in Kewanee are below it.

With a mortgage

$1,089 a month

Henry County: $1,414 a month

Without a mortgage

$477 a month

Henry County: $581 a month

Owners with a mortgage

36%

Henry County: 52%

Owning costs less in Kewanee: with a mortgage, the typical cost is $1,089 a month; in Henry County, $1,414. Without one, $477.

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 Kewanee rose 22%; in Henry County, it rose 27%.

The typical rent in Kewanee rose 28% over the same time; in Henry County, it rose 24%.

While home values in Kewanee changed +22% and rent +28%, the typical household income rose 22%.

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

MeasureKewaneeHenry CountyIllinoisUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.0%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.0%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.5%3.4%
People per household 2.112.362.462.53
Drive alone 77%80%66%69%
Carpool 11%8%8%9%
Public transit Unreliable estimateUnreliable estimate6%3%
Walk or bike Unreliable estimate3%3%3%
Work from home 7%9%16%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 10 to 19 minutesUnreliable estimate20 to 29 minutes20 to 29 minutes

Households in Kewanee are smaller: 2.11 people on average; in Henry County, 2.36.

Carpooling is common in Kewanee: 11% of workers get to work that way, against 8% in Henry 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 Kewanee?

A typical home is within reach of the typical income

We start with a typical home in Kewanee, worth $73,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 16% of the typical household income in Kewanee, which is $50,886 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Kewanee. 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 $2,562 (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

$661

at 7.18% · 30 years

Loan amount
$71,874
Total interest
$103,410
Paid off in
November 2056

Includes $1,236 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,187 a month

    Your payment · 16%

  • Tight

    $1,187 to $1,527 a month

  • Hard

    more than $1,527 a month

Compared with the typical household income in Kewanee ($50,886 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$661
Principal & interest$487
Property tax$112
Home insurance$31
FHA mortgage insurance (MIP)$32

You need at least $2,562 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

Kewanee and Henry County

Kewanee is in Henry 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).

Kewanee's own numbers

Typical home value
$73,200
Typical monthly rent
$797
Typical yearly household income
$50,886
Households that own their home
69%
Effective property tax rate
1.83%

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

Numbers for all of Henry County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,056
Price change over 5 years (FHFA)
+40%
Homes in a high flood-risk zone
2.6%

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 Henry County.

Everything about Henry County

Buying

Buying a home in Kewanee

A typical home in Kewanee is worth $73,200: 52% below the county and 72% below Illinois. With the typical household income in Kewanee ($50,886 a year), a typical home costs 1.4 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.

  • Kewanee 1.4 years
  • Henry 2.1 years
  • Illinois 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Henry County

According to FHFA’s house price index, home prices in Henry County rose 54% in the 10 years through 2025.

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

Period County Illinois U.S.
Last year (2025) +5.2% +5.7% +2.9%
5 years (2020–2025) +40% +47% +47%
10 years (2015–2025) +54% +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

Kewanee next to Henry 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
  • Kewanee $73,200
  • Henry $151,600
  • Illinois $263,300
  • United States $332,700
Typical monthly rent
  • Kewanee $797
  • Henry $842
  • Illinois $1,274
  • United States $1,413
Typical yearly household income
  • Kewanee $50,886
  • Henry $71,911
  • Illinois $83,390
  • United States $80,734
See the full table
Kewanee next to Henry County and Illinois
Measure Kewanee Henry County Illinois U.S.
Typical home value $73,200 $151,600 $263,300 $332,700
Typical monthly rent $797 $842 $1,274 $1,413
Typical yearly household income $50,886 $71,911 $83,390 $80,734
Households that own their home 69% 80% 67% 65%
Typical yearly property tax $1,339 $3,016 $5,298 $3,119
Effective property tax rate 1.83% 1.99% 2.01% 0.94%
Renters with high rent for their income 51% 40% 48% 51%

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

For a typical $73,200 home in Kewanee, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Kewanee's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $661a month

    Least cash to close
    Down payment
    $2,562
    Cash to close
    $4,758
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $32

  • Conventional, 5% down $648a month

    Down payment
    $3,660
    Cash to close
    $5,856
    Rate
    7.18%
    Mortgage insurance
    PMI · $35

  • Conventional, 20% down, no PMI $539a month

    Down payment
    $14,640
    Cash to close
    $16,836
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $607a month

    Down payment
    $10,980
    Cash to close
    $13,176
    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 Kewanee and for Henry County.

Property tax

Effective rate in Kewanee

1.83%of the home’s value each year

$1,339 a year for the typical owner in Kewanee.

  • Kewanee 1.83%
  • Henry 1.99%
  • Illinois 2.01%

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

Exemptions and deadlines in Illinois

Flood risk in Henry County

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

Homes in the high-risk zone
2.6%
658
Of those, with NFIP insurance
15%
County Illinois U.S.
Homes in the high-risk zone 2.6% 1.5% 3.5%
Of those, with NFIP insurance 15% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Kewanee

Typical rent in Kewanee is $797 a month: 5% below the county. In Kewanee, 51% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Henry County, by unit size. To pay the 2-bedroom one ($1,056 a month) without spending more than 30% of your income, you would need to earn $20.31 an hour working full time.

HUD fair market rent for all of Henry 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 $787 $15.13 $31,480
1 bedroom $852 $16.38 $34,080
2 bedrooms $1,056 $20.31 $42,240
3 bedrooms $1,396 $26.85 $55,840
4 bedrooms $1,697 $32.63 $67,880

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 Kewanee

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Kewanee is in ZIP code 61443.

For 2 bedrooms it is $1,030: $26 less than the fair market rent for Henry County ($1,056).

  • 61443 $1,030$1,350

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

HUD lists 6 buildings with rents for lower incomes in Kewanee. These are the largest.

  • Scattered Sites 700 E 2nd St, Kewanee 61443 238 homes, 229 low-income · Run by The Housing Authority of Henry County · Average payment: $359 a month · Average wait: 7 months · Homes at several sites (309) 852-2801
  • Fairview Apts 215 Community Sq, Kewanee 61443 219 low-income homes · Run by The Housing Authority of Henry County · Average payment: $323 a month · Average wait: 3 months (309) 852-2801
  • Parkside Apts (KEWANEE) 125 N Chestnut St, Kewanee 61443 41 low-income homes · Studio: 8 · 1 bd: 32 · 2 bd: 1 · In service since 2007 · For older adults
  • Bridgeway Kewanee HSG 1220 W Division St, Kewanee 61443 16 low-income homes · For people with disabilities
  • Mckinley Apartments 800 W 6th St, Kewanee 61443 15 low-income homes · For people with disabilities (309) 837-4876

See all 12 buildings in Henry County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Kewanee

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 Henry County. The nearest ones are below; many serve by phone or online.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Kewanee

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

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

  • Economic Growth Corporation

    371 3rd St W, Milan · 36 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    (309) 788-6311

  • Navicore Solutions- Peoria, IL

    416 Main St, Peoria · 42 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (866) 472-4557

  • Metec

    2605 W Krause Ave, Peoria · 42 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (309) 676-3832

All counseling agencies in Illinois

Help in Spanish near Kewanee

2 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 Kewanee

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

  • The Housing Authority of Henry County Public housing and Section 8 vouchers (309) 852-2801

All housing agencies in Illinois Source: HUD

Cities

Other cities in Henry County

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

Everything about Henry County Housing in Illinois

Nearby cities

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

Neighboring counties

If Henry 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 Kewanee.

All guides
A man and two girls read a book together on the sofa.

Questions

Housing questions about Kewanee

Short answers with the numbers for Kewanee and all of Henry 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 Kewanee?

The typical home value in Kewanee is $73,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Henry County it is $151,600.

How much does it cost to rent in Kewanee?

Typical rent in Kewanee is $797 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Henry County is $1,056.

What is the FHA loan limit in Kewanee?

Kewanee uses the FHA limit for all of Henry 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 Kewanee?

The typical homeowner in Kewanee pays $1,339 a year, according to the U.S. Census Bureau. That is 1.83% of the home’s value; in Henry County, the rate is 1.99%.

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

We found no HUD-approved counseling agencies with an office in Henry County; the nearest ones are on this page. 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).