Total monthly cost of ownership
Cost to Own a Home in Atlanta, Illinois
A $123,000 home here costs
$1,202per 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 $51,500 a year.
A standard mortgage calculator would have told you $671. The real number is $531 higher every month, 79% more than the payment most buyers budget for.
Compare Logan County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Atlanta from a five-year rolling sample, and with about 1,738 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 Logan 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.
Atlanta against Logan County and Illinois
| Measure | Atlanta | Logan County |
|---|---|---|
| Median home value | $123,400 | $125,900 |
| Median property tax | $2,150 | $2,315 |
| Effective tax rate | 1.742% | 1.839% |
| Median gross rent | $823 | $804 |
| Population | 1,738 | 27,870 |
The weather behind that power bill
Atlanta sits in Logan County, which averages a high of 85.5°F in its hottest month and a low of 17.8°F in its coldest, with 39.83" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,014 cooling and 5,624 heating degree days, which is what sets the $134 electricity line above.
See the full climate breakdown for Logan County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Logan County
Talk to someone who works this market
These are Atlanta 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 Atlanta every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Atlanta?
A $123,000 home in Atlanta, Illinois costs approximately $1,202 per month with 20% down at 7.24%. That is $671 principal and interest, $179 property tax, $48 homeowners insurance, $202 utilities and $103 set aside for maintenance.
What is the property tax rate in Atlanta?
Atlanta has an effective property tax rate of 1.742%, based on a median home value of $123,400 and median real estate taxes of $2,150. That is lower than the Logan County average of 1.839%.
What is the average home price in Atlanta?
The median owner-occupied home value in Atlanta, Illinois is $123,400, against $125,900 across Logan County.
Is it cheaper to rent or buy in Atlanta?
Median gross rent in Atlanta is $823 a month, against $1,202 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 Atlanta?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Atlanta, Illinois at today's rate takes a household income of roughly $51,500 a year. That covers the full $1,202 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Atlanta, 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.