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What income do you need to buy in Carroll Park?
About $43,000 a year to buy the typical Carroll Park home, which sells for about $118,000.
- Typical sale price
- $118,000Median of 111 sales in the past 12 months
- Income needed
- $43,000A year, before taxes
- Cash needed up front
- $17,00010% down, transfer tax and closing costs
Assumes 10% down, no other debts, credit of 700–759, and a 7.49% 30-year rate (the 7.24% weekly average plus 0.25 points for good credit). These are estimates, not a loan offer.
What it costs each month
| Principal and interest | $742 |
|---|---|
| Property tax | $156 |
| Insurance | $49 |
| Mortgage insurance | $44 |
| Total a month | $991 |
Claiming the Homestead Exemption could lower the property tax by about $117 a month. The total above does not include that saving.
How prices have moved
Down 9.6% from the year before, comparing the median sale price of the last 12 months with the 12 months before.
| Quarter | Median sale price | Sales |
|---|---|---|
| Q1 2025 | $136,250 | 20 |
| Q2 2025 | $130,592 | 28 |
| Q3 2025 | $125,000 | 31 |
| Q4 2025 | $118,000 | 35 |
| Q1 2026 | $100,000 | 27 |
| Q2 2026 | $125,000 | 37 |
| Q3 2026 | $135,000 | 16 |
Quarters with no recorded sales are left blank.
Tell us four things
Nearby neighborhoods
Cheaper nearby
- Haddington $100,000
- Mill Creek $80,000
- East Parkside $103,000
Pricier nearby
- Wynnefield $212,000
- Dunlap $140,000
- Belmont $124,000
Questions about buying in Carroll Park
What income do you need to buy a home in Carroll Park?
About $43,000 a year for the typical Carroll Park price of $118,000, keeping the housing payment to 28% of gross income. Assumes 10% down, no other debts, credit of 700–759, and a 7.49% 30-year rate (the 7.24% weekly average plus 0.25 points for good credit).
How much cash do you need to buy in Carroll Park?
About $17,000 up front at the typical price: 10% down ($12,000), your share of the transfer tax ($2,701) and closing costs ($2,360).
What does a typical home in Carroll Park cost per month?
A typical Carroll Park home costs about $991 a month all in: principal and interest $742, property tax $156, insurance $49, mortgage insurance $44. Claiming the Homestead Exemption could lower the tax by about $117 a month.
Based on 111 sales, as of 2026-10-29. Mortgage rate 7.24% (Freddie Mac, week of 2026-10-29). Estimates only, not financial advice. Talk to a lender.