Total monthly cost of ownership
Cost to Own a Home in Ashland, Illinois
A $104,000 home here costs
$1,064per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $45,500 a year.
A standard mortgage calculator would have told you $567. The real number is $497 higher every month, 88% more than the payment most buyers budget for.
Compare Cass County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Ashland from a five-year rolling sample, and with about 1,001 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Cass County figures are drawn from a far larger sample if you want a steadier number.
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 $134 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
Talk to someone who works this market
These are Ashland averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Ashland every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Ashland I already own here and may sell
Common questions
How much does it cost to own a home in Ashland?
A $104,000 home in Ashland, Illinois costs approximately $1,064 per month with 20% down at 7.24%. That is $567 principal and interest, $168 property tax, $41 homeowners insurance, $202 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 $1,064 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Ashland?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Ashland, Illinois at today's rate takes a household income of roughly $45,500 a year. That covers the full $1,064 monthly cost, not just the mortgage payment.
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.