How much do homeowners pay a month in Shorewood, IL?
Homeowners with a mortgage in Shorewood, IL pay a median of $2,265 (±$130) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $966 (±$48).
65.0% of owned homes carry a mortgage.
In Shorewood, the median monthly cost with a mortgage went from $2,050 in 2015–2019 to $2,265 in 2020–2024 (+10.5%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- With a mortgage
- $2,265 (±$130)
- Without a mortgage
- $966 (±$48)
- Owned with a mortgage
- 65.0%
Monthly owner costs in Shorewood
| Shorewood | Will County | Illinois | United States | |
|---|---|---|---|---|
| With a mortgage | $2,265 (±$130) | $2,255 (±$21) | $1,987 (±$6) | $1,963 |
| Without a mortgage | $966 (±$48) | $971 (±$15) | $792 (±$4) | $638 |
| Owned homes with a mortgage | 65.0% (±4.5 points) | 68.6% (±0.8 points) | 60.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $7,463 (±$430) | $7,173 (±$64) | $5,298 (±$22) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Shorewood, the median cost with a mortgage is not measurably different from Will County ($2,255).
It is also higher than in Illinois ($1,987).
It is higher than the national figure ($1,963).
In Will County, Shorewood ranks 17 of 57 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 248 of 2,589.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Shorewood have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $2,050 (±$82) | $2,265 (±$130) | +10.5% | Down after inflation |
| Median real estate taxes | $6,214 (±$125) | $7,463 (±$430) | +20.1% | No measurable change after inflation |
| Median home value | $262,600 (±$9,984) | $337,800 (±$15,754) | +28.6% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Shorewood
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Shorewood | — | $2,265 (±$130) | — |
| Troy Township | 1.1 mi | $2,167 (±$54) | Not measurably different |
| Joliet | 3.5 mi | $1,960 (±$31) | Lower |
| Crystal Lawns | 4.4 mi | $1,813 (±$129) | Lower |
| Rockdale | 4.8 mi | $1,792 (±$167) | Lower |
| Sunnyland | 5.2 mi | $1,674 (±$316) | Lower |
| Plainfield Township | 5.3 mi | $2,194 (±$38) | Not measurably different |
| Seward Township (Kendall County) | 5.4 mi | $2,539 (±$214) | Higher |
| Minooka | 6.0 mi | $2,179 (±$69) | Not measurably different |
Nearby places with a measurably lower figure: Joliet, IL ($1,960), Crystal Lawns, IL ($1,813), Rockdale, IL ($1,792).
Nearby places with a measurably higher figure: Seward Township (Kendall County), IL ($2,539).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Will County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 11 | Manhattan Township | $2,537 (±$253) |
| 12 | Frankfort Township (Will County) | $2,529 (±$113) |
| 13 | Manhattan | $2,429 (±$204) |
| 14 | Channahon | $2,344 (±$101) |
| 15 | Channahon Township | $2,335 (±$102) |
| 16 | Bolingbrook | $2,280 (±$43) |
| 17 | Shorewood | $2,265 (±$130) |
| 18 | Lockport | $2,230 (±$77) |
| 19 | Wilton Township | $2,207 (±$133) |
| 20 | Du Page Township | $2,197 (±$52) |
| 21 | Plainfield Township | $2,194 (±$38) |
| 22 | Monee | $2,180 (±$100) |
| 23 | Troy Township | $2,167 (±$54) |
Showing 13 of 57 places in Will County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Shorewood
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Shorewood beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Shorewood, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Shorewood, and send estimates and invoices from your phone.
Questions about Shorewood
What is the average mortgage payment in Shorewood?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Shorewood, IL is $2,265 (±$130) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Shorewood?
Owners without a mortgage in Shorewood pay a median of $966 (±$48) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Shorewood gone up?
In Shorewood, the median monthly cost with a mortgage went from $2,050 in 2015–2019 to $2,265 in 2020–2024 (+10.5%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Shorewood village, Illinois
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Shorewood village, Illinois
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Shorewood village, Illinois
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Shorewood village, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Shorewood village, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Shorewood village, Illinois (place:69758, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Shorewood at a glance
- Median rent in Shorewood
- Rent burden in Shorewood
- Renters and owners in Shorewood
- Income and affordability in Shorewood
- Home values in Shorewood
- Property taxes in Shorewood
- Types of homes in Shorewood
- Bedrooms in Shorewood
- Age of homes in Shorewood
- Heating fuel in Shorewood
- Commute and cars in Shorewood
- Crime reported to police in Shorewood
- Population growth in Shorewood
- How long people stay in Shorewood
- Crowding and facilities in Shorewood
- Fair Market Rent in Shorewood
- Illinois landlord and tenant rules
- Housing across Will County
- Housing data for every place in Illinois