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City · 22,630 residents · Winnebago County, Illinois

Machesney Park , Illinois

In Machesney Park, a typical home is worth $173,700 and typical rent is $1,102 a month. Compared with all of Winnebago County, typical household income is 15% higher, typical rent is 8% higher, and the share of households that own their home is 14 points higher.

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  • Typical home value

    $173,700

    6% above the county

    34% below Illinois

    • Machesney Park
    • Winnebago
    • Illinois

  • Typical rent

    $1,102a month

    8% above the county

    14% below Illinois

    • Machesney Park
    • Winnebago
    • Illinois

  • Typical household income

    $75,489a year

    15% above the county

    9% below Illinois

    • Machesney Park
    • Winnebago
    • Illinois

  • Households that own their home

    80%

    14 points above the county

    13 points above Illinois

    • Machesney Park
    • Winnebago
    • Illinois

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

Market now, with Zillow data

Zillow data
Typical home value
$209,841
9.6% more than 12 months ago
Typical rent
$1,610 a month

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

Machesney 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 Machesney 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: 26% less than in Machesney Park ($173,700).

  2. According to Zillow, in the 12 months to September 2026 the typical home value in Machesney Park rose 9.6%; in Illinois, it rose 5.3%.

  3. 80% of households in Machesney Park own their home, against 66% in Winnebago County.

  4. Nearby, in Rockton, the typical rent is $914: 17% less than in Machesney Park ($1,102).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Machesney Park

What homes there are in Machesney 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

In Machesney Park, 9 in 10 homes are single-family detached houses; in Winnebago County, 7.

Year built

Homes in Machesney Park are newer: the typical year built is 1978; in Winnebago County, 1971.

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

The FHA limit for Winnebago County is high ($541,287): at least 99% of owner-occupied homes in Machesney Park are worth less than $500,000.

Monthly rent with utilities

With a mortgage

$1,410 a month

Winnebago County: $1,411 a month

Without a mortgage

$614 a month

Winnebago County: $635 a month

Owners with a mortgage

67%

Winnebago County: 58%

Owning costs about the same in Machesney Park as in Winnebago County: with a mortgage, $1,410 a month; without one, $614.

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

The typical home value in Machesney Park rose 44% since 2015–2019, more than in Winnebago County (37%).

The typical rent in Machesney Park rose 15% over the same time; in Winnebago County, it rose 28%.

While home values in Machesney Park changed +44% and rent +15%, the typical household income rose 19%.

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

MeasureMachesney 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 2.642.412.462.53
Drive alone 83%77%66%69%
Carpool 6%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 Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

More people live in each home here: 2.64 on average, against 2.41 in Winnebago County.

To get to work, 83% of workers in Machesney 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 Machesney Park?

A typical home is within reach of the typical income

We start with a typical home in Machesney Park, worth $173,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 26% of the typical household income in Machesney Park, which is $75,489 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 Machesney 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 $6,080 (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

$1,622

at 7.18% · 30 years

Loan amount
$170,553
Total interest
$245,386
Paid off in
November 2056

Includes $2,933 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,761 a month

    Your payment · 26%

  • Tight

    $1,761 to $2,265 a month

  • Hard

    more than $2,265 a month

Compared with the typical household income in Machesney Park ($75,489 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,622
Principal & interest$1,155
Property tax$317
Home insurance$72
FHA mortgage insurance (MIP)$77

You need at least $6,080 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

Machesney Park and Winnebago County

Machesney 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).

Machesney Park's own numbers

Typical home value
$173,700
Typical monthly rent
$1,102
Typical yearly household income
$75,489
Households that own their home
80%
Effective property tax rate
2.19%

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 Machesney Park

A typical home in Machesney Park is worth $173,700: 6% above the county and 34% below Illinois. With the typical household income in Machesney Park ($75,489 a year), a typical home costs 2.3 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.

  • Machesney Park 2.3 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

Machesney 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
  • Machesney Park $173,700
  • Winnebago $164,500
  • Illinois $263,300
  • United States $332,700
Typical monthly rent
  • Machesney Park $1,102
  • Winnebago $1,021
  • Illinois $1,274
  • United States $1,413
Typical yearly household income
  • Machesney Park $75,489
  • Winnebago $65,837
  • Illinois $83,390
  • United States $80,734
See the full table
Machesney Park next to Winnebago County and Illinois
Measure Machesney Park Winnebago County Illinois U.S.
Typical home value $173,700 $164,500 $263,300 $332,700
Typical monthly rent $1,102 $1,021 $1,274 $1,413
Typical yearly household income $75,489 $65,837 $83,390 $80,734
Households that own their home 80% 66% 67% 65%
Typical yearly property tax $3,801 $3,930 $5,298 $3,119
Effective property tax rate 2.19% 2.39% 2.01% 0.94%
Renters with high rent for their income 43% 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 Machesney Park

For a typical $173,700 home in Machesney Park, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Machesney Park's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,622a month

    Least cash to close
    Down payment
    $6,080
    Cash to close
    $11,291
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $77

  • Conventional, 5% down $1,590a month

    Down payment
    $8,685
    Cash to close
    $13,896
    Rate
    7.18%
    Mortgage insurance
    PMI · $83

  • Conventional, 20% down, no PMI $1,331a month

    Down payment
    $34,740
    Cash to close
    $39,951
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,491a month

    Down payment
    $26,055
    Cash to close
    $31,266
    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 Machesney Park and for Winnebago County.

Property tax

Effective rate in Machesney Park

2.19%of the home’s value each year

$3,801 a year for the typical owner in Machesney Park.

  • Machesney Park 2.19%
  • 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 Machesney Park

Typical rent in Machesney Park is $1,102 a month: 8% above the county. In Machesney Park, 43% 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 Machesney Park

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Machesney Park is in ZIP code 61115.

For 2 bedrooms it is $1,300: $128 more than the fair market rent for Winnebago County ($1,172).

  • 61115 $1,300$1,710

A ZIP code counts for Machesney 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?

Free help

Help to buy or rent in Machesney 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 young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Machesney Park

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

The HUD-approved agencies closest to the center of Machesney 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 · 8 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 · 29 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 · 37 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 Machesney 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 Machesney Park

HUD’s record names them for Machesney 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 Machesney 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 Machesney Park.

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

Questions

Housing questions about Machesney Park

Short answers with the numbers for Machesney 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 Machesney Park?

The typical home value in Machesney Park is $173,700, 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 Machesney Park?

Typical rent in Machesney Park is $1,102 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 Machesney Park?

Machesney 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 Machesney Park?

The typical homeowner in Machesney Park pays $3,801 a year, according to the U.S. Census Bureau. That is 2.19% of the home’s value; in Winnebago County, the rate is 2.39%.

Where can I find free help to buy or rent in Machesney 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).