Piatt County, Illinois: What It Costs to Buy a Home
The median home in Piatt County is worth $173,200, property taxes on it run about $3,040 a year (1.76%), the FHA loan limit is $541,287, and closing on it means about $174 in transfer tax plus $2,570 in title insurance. Each number below opens its own page with the source and a calculator.
| Median home value | $173,200 | Title insurance at this price → |
|---|---|---|
| Property taxes (median paid) | $3,040 a year, 1.76% of value | Property tax page → |
| FHA loan limit (1 unit) | $541,287 | Loan limits page → |
| Conforming loan limit (1 unit) | $832,750 | Loan limits page → |
| Transfer tax on the median home | $174 | Illinois transfer tax page → |
| Title insurance on the median home | $1,995 owner's + $575 lender's | Title insurance page → |
| Closing costs from these items | $2,744 | Closing costs page → |
| Area median income (HUD, family of 4) | $114,300; low-income limit $88,700 | Income limits page → |
Frequently asked questions
How much do homes cost in Piatt County?
The median owner-occupied home in Piatt County is valued at $173,200, per U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25077 (median value of owner-occupied housing units).
How much are property taxes in Piatt County?
The median Piatt County homeowner pays $3,040 a year in real estate taxes, about 1.76% of the median home value ($3,386 for homes with a mortgage), per the Census Bureau's American Community Survey.
What is the FHA loan limit in Piatt County?
$541,287 for a one-unit home in 2026 (the national floor), per HUD; the conforming limit for Fannie Mae and Freddie Mac loans is $832,750, per FHFA.
What does it cost to close on a home in Piatt County?
On the $173,200 median home: transfer tax $174, title insurance $2,570 for both policies, about $2,744 for those items before lender fees, prepaid taxes and insurance.
What is the area median income in Piatt County?
HUD's FY 2026 median family income for Piatt County (Champaign-Urbana, IL HUD Metro FMR Area) is $114,300. A family of four counts as low income below $88,700 under HUD's 80% tier (adjusted for local housing costs, so it can sit above 80% of the median), which is the line many first-time buyer assistance programs use.
Nearby Illinois counties
- Ogle County $184,100
- Peoria County $152,600
- Perry County $105,200
- Pike County $100,100
- Pope County $165,300
- Pulaski County $81,000
Sources
- U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25077 (median value of owner-occupied housing units)
- U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25103 (median real estate taxes paid)
- HUD, FHA forward mortgage loan limits for calendar year 2026 (CHUMS county limits file, Mortgagee Letter 2025-23)
- FHFA, conforming loan limits for mortgages acquired in calendar year 2026, by county
Figures are computed from the documents above and rounded to the dollar. All sources.
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General information, not financial, tax or legal advice. Figures are medians and schedule computations, not quotes.
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