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City · 23,502 residents · Winnebago County, Illinois

Loves Park , Illinois

In Loves Park, a typical home is worth $160,400 and typical rent is $1,120 a month. Compared with all of Winnebago County, typical rent is 10% higher and typical household income is 6% lower.

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  • Typical home value

    $160,400

    2% below the county

    39% below Illinois

    • Loves Park
    • Winnebago
    • Illinois

  • Typical rent

    $1,120a month

    10% above the county

    12% below Illinois

    • Loves Park
    • Winnebago
    • Illinois

  • Typical household income

    $61,868a year

    6% below the county

    26% below Illinois

    • Loves Park
    • Winnebago
    • Illinois

  • Households that own their home

    61%

    5 points below the county

    6 points below Illinois

    • Loves Park
    • Winnebago
    • Illinois

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

Market now, with Zillow data

Zillow data
Typical home value
$202,732
7.1% more than 12 months ago
Typical rent
$1,569 a month

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

Loves Park is in Winnebago 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 Winnebago County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Loves Park apart

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

  1. Nearby, in Rockford, the typical home value is $129,000: 20% less than in Loves Park ($160,400).

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

The homes here

Housing in Loves Park

What homes there are in Loves Park, 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 Loves Park (58%), but less so than in Winnebago County (70%).

In Loves Park there are many mobile homes: 4% of homes; in Winnebago County, 1%.

Year built

Homes in Loves Park are newer: the typical year built is 1986; in Winnebago County, 1971.

There are fewer big homes in Loves Park than in Winnebago County: 55% have 3 bedrooms or more, against 62%.

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

At least 97% of owner-occupied homes in Loves Park are worth less than $500,000, below the FHA loan limit for Winnebago County ($541,287).

Monthly rent with utilities

With a mortgage

$1,247 a month

Winnebago County: $1,411 a month

Without a mortgage

$645 a month

Winnebago County: $635 a month

Owners with a mortgage

58%

Winnebago County: 58%

The typical cost for an owner with a mortgage in Loves Park is $1,247 a month, less than in Winnebago County ($1,411); without one, $645.

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 Loves Park rose 43%; in Winnebago County, it rose 37%.

The typical rent in Loves Park rose 32% over the same time; in Winnebago County, it rose 28%.

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

MeasureLoves ParkWinnebago CountyIllinoisUnited States
Rental vacancy Unreliable estimate4.6%5.0%5.5%
Homeowner vacancy Unreliable estimate1.0%1.0%0.9%
More than one person per room Unreliable estimate1.9%2.5%3.4%
People per household 2.262.412.462.53
Drive alone 81%77%66%69%
Carpool 8%10%8%9%
Public transit Unreliable estimate1%6%3%
Walk or bike Unreliable estimate1%3%3%
Work from home 9%10%16%15%
Other means Unreliable estimate1%1%2%
Typical commute 10 to 19 minutesUnreliable estimate20 to 29 minutes20 to 29 minutes

Fewer people live in each home here: 2.26 on average, against 2.41 in Winnebago County.

To get to work, 81% of workers in Loves Park drive alone; in Winnebago 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 Loves Park?

A typical home is tight for the typical income

We start with a typical home in Loves Park, worth $160,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 29% of the typical household income in Loves Park, which is $61,868 a year. For that payment to be 28% of income, a household would need to earn about $64,519 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Loves Park. 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 $5,614 (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

$1,505

at 7.18% · 30 years

Loan amount
$157,495
Total interest
$226,598
Paid off in
November 2056

Includes $2,709 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,444 a month

  • Tight

    $1,444 to $1,856 a month

    Your payment · 29%

  • Hard

    more than $1,856 a month

Compared with the typical household income in Loves Park ($61,868 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,505
Principal & interest$1,067
Property tax$301
Home insurance$67
FHA mortgage insurance (MIP)$71

You need at least $5,614 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

Loves Park and Winnebago County

Loves Park is in Winnebago 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).

Loves Park's own numbers

Typical home value
$160,400
Typical monthly rent
$1,120
Typical yearly household income
$61,868
Households that own their home
61%
Effective property tax rate
2.25%

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

Numbers for all of Winnebago County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,172
Price change over 5 years (FHFA)
+68%
Homes in a high flood-risk zone
2%

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 Winnebago County.

Everything about Winnebago County

Buying

Buying a home in Loves Park

A typical home in Loves Park is worth $160,400: 2% below the county and 39% below Illinois. With the typical household income in Loves Park ($61,868 a year), a typical home costs 2.6 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.

  • Loves Park 2.6 years
  • Winnebago 2.5 years
  • Illinois 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Winnebago County

According to FHFA’s house price index, home prices in Winnebago County rose 100% in the 10 years through 2025.

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

Period County Illinois U.S.
Last year (2025) +7.6% +5.7% +2.9%
5 years (2020–2025) +68% +47% +47%
10 years (2015–2025) +100% +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

Loves Park next to Winnebago 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
  • Loves Park $160,400
  • Winnebago $164,500
  • Illinois $263,300
  • United States $332,700
Typical monthly rent
  • Loves Park $1,120
  • Winnebago $1,021
  • Illinois $1,274
  • United States $1,413
Typical yearly household income
  • Loves Park $61,868
  • Winnebago $65,837
  • Illinois $83,390
  • United States $80,734
See the full table
Loves Park next to Winnebago County and Illinois
Measure Loves Park Winnebago County Illinois U.S.
Typical home value $160,400 $164,500 $263,300 $332,700
Typical monthly rent $1,120 $1,021 $1,274 $1,413
Typical yearly household income $61,868 $65,837 $83,390 $80,734
Households that own their home 61% 66% 67% 65%
Typical yearly property tax $3,615 $3,930 $5,298 $3,119
Effective property tax rate 2.25% 2.39% 2.01% 0.94%
Renters with high rent for their income 40% 50% 48% 51%

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

For a typical $160,400 home in Loves Park, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Loves Park's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,505a month

    Least cash to close
    Down payment
    $5,614
    Cash to close
    $10,426
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $71

  • Conventional, 5% down $1,476a month

    Down payment
    $8,020
    Cash to close
    $12,832
    Rate
    7.18%
    Mortgage insurance
    PMI · $76

  • Conventional, 20% down, no PMI $1,237a month

    Down payment
    $32,080
    Cash to close
    $36,892
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,385a month

    Down payment
    $24,060
    Cash to close
    $28,872
    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 Loves Park and for Winnebago County.

Property tax

Effective rate in Loves Park

2.25%of the home’s value each year

$3,615 a year for the typical owner in Loves Park.

  • Loves Park 2.25%
  • Winnebago 2.39%
  • Illinois 2.01%

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

Exemptions and deadlines in Illinois

Flood risk in Winnebago County

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

Homes in the high-risk zone
2%
2,020
Of those, with NFIP insurance
25%
County Illinois U.S.
Homes in the high-risk zone 2% 1.5% 3.5%
Of those, with NFIP insurance 25% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Loves Park

Typical rent in Loves Park is $1,120 a month: 10% above the county. In Loves Park, 40% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Winnebago County, by unit size. To pay the 2-bedroom one ($1,172 a month) without spending more than 30% of your income, you would need to earn $22.54 an hour working full time.

HUD fair market rent for all of Winnebago 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 $816 $15.69 $32,640
1 bedroom $896 $17.23 $35,840
2 bedrooms $1,172 $22.54 $46,880
3 bedrooms $1,542 $29.65 $61,680
4 bedrooms $1,578 $30.35 $63,120

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 Loves Park

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Loves Park is in ZIP code 61111.

For 2 bedrooms it is $1,250: $78 more than the fair market rent for Winnebago County ($1,172).

  • 61111 $1,250$1,650

A ZIP code counts for Loves Park 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 Loves Park

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

  • Park Tower Apts 540 Clifford Ave, Loves Park 61111 151 low-income homes · For families (815) 654-7292
  • Christian Life Retirement Center IV 4260 Sunset Ter, Loves Park 61111 39 low-income homes · For older adults (815) 637-6000
  • Milestone Developments for the Disabled 4069 Applewood Ln, Loves Park 61111 16 low-income homes · For people with disabilities (815) 654-6100
  • Commonwealth Apartments 6610 Commonwealth Dr, Loves Park 61111 9 homes, 8 low-income · For people with disabilities (815) 654-6100

See all 62 buildings in Winnebago County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Loves Park

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 Winnebago County; 1 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 Loves Park

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

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

  • Region 1 Planning Council

    127 N Wyman St, Rockford · 7 miles away · Spanish

    • Budget and financial counseling
    • Pre-purchase counseling
    (815) 319-4462

  • Consumer Credit Counseling Services of Northern Illinois

    13707 W Jackson St, Woodstock · 27 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 9 more
    (815) 338-5757

  • Restoration America, Inc.

    101 N Main St Ste 14, Crystal Lake · 35 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (847) 783-0232

Every agency in Winnebago County All counseling agencies in Illinois

Help in Spanish near Loves Park

3 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 Loves Park

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

  • Winnebago County Housing Authority Public housing and Section 8 vouchers (815) 963-2133

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

Cities

Other cities in Winnebago County

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

Everything about Winnebago County Housing in Illinois

Nearby cities

The cities closest to Loves Park, with the typical home value.

Neighboring counties

If Winnebago 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 Loves Park.

All guides
A father and mother walk their son by the hand down the sidewalk.

Questions

Housing questions about Loves Park

Short answers with the numbers for Loves Park and all of Winnebago 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 Loves Park?

The typical home value in Loves Park is $160,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Winnebago County it is $164,500.

How much does it cost to rent in Loves Park?

Typical rent in Loves Park is $1,120 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Winnebago County is $1,172.

What is the FHA loan limit in Loves Park?

Loves Park uses the FHA limit for all of Winnebago 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 Loves Park?

The typical homeowner in Loves Park pays $3,615 a year, according to the U.S. Census Bureau. That is 2.25% of the home’s value; in Winnebago County, the rate is 2.39%.

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

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