Total monthly cost of ownership
Cost to Own a Home in Arthur, Illinois
A $146,000 home here costs
$1,428per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $751. The real number is $677 higher every month — 90% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Arthur against Douglas County and Illinois
| Measure | Arthur | Douglas County |
|---|---|---|
| Median home value | $146,200 | $142,600 |
| Median property tax | $2,593 | $2,586 |
| Effective tax rate | 1.774% | 1.813% |
| Median gross rent | $841 | $818 |
| Population | 2,024 | 19,686 |
Arthur extends across 2 counties. Figures here use Douglas County, where most of its housing sits.
The weather behind that power bill
Arthur sits in Douglas County, which averages a high of 84.9°F in its hottest month and a low of 18.0°F in its coldest, with 40.55" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,076 cooling and 5,635 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Douglas County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Douglas County
Full Douglas County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Arthur?
A $146,000 home in Arthur, Illinois costs approximately $1,428 per month with 20% down at 6.66%. That is $751 principal and interest, $216 property tax, $57 homeowners insurance, $282 utilities and $122 set aside for maintenance.
What is the property tax rate in Arthur?
Arthur has an effective property tax rate of 1.774%, based on a median home value of $146,200 and median real estate taxes of $2,593. That is lower than the Douglas County average of 1.813%.
What is the average home price in Arthur?
The median owner-occupied home value in Arthur, Illinois is $146,200, against $142,600 across Douglas County.
Is it cheaper to rent or buy in Arthur?
Median gross rent in Arthur is $841 a month, against $1,428 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Arthur — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Illinois.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.