Total monthly cost of ownership
Cost to Own a Home in Ashland, Illinois
A $104,000 home here costs
$1,112per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $535. The real number is $577 higher every month — 108% 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.
Ashland against Cass County and Illinois
| Measure | Ashland | Cass County |
|---|---|---|
| Median home value | $104,000 | $95,500 |
| Median property tax | $2,010 | $2,007 |
| Effective tax rate | 1.933% | 2.102% |
| Median gross rent | $575 | $723 |
| Population | 1,001 | 12,826 |
The weather behind that power bill
Ashland sits in Cass County, which averages a high of 86.8°F in its hottest month and a low of 19.9°F in its coldest, with 38.04" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,252 cooling and 5,215 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Cass County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cass County
Common questions
How much does it cost to own a home in Ashland?
A $104,000 home in Ashland, Illinois costs approximately $1,112 per month with 20% down at 6.66%. That is $535 principal and interest, $168 property tax, $41 homeowners insurance, $282 utilities and $87 set aside for maintenance.
What is the property tax rate in Ashland?
Ashland has an effective property tax rate of 1.933%, based on a median home value of $104,000 and median real estate taxes of $2,010. That is lower than the Cass County average of 2.102%.
What is the average home price in Ashland?
The median owner-occupied home value in Ashland, Illinois is $104,000, against $95,500 across Cass County.
Is it cheaper to rent or buy in Ashland?
Median gross rent in Ashland is $575 a month, against $1,112 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 Ashland — 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.