Total monthly cost of ownership
Cost to Own a Home in Atlanta, Illinois
A $123,000 home here costs
$1,244per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $632. The real number is $612 higher every month — 97% 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.
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 $214 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
Common questions
How much does it cost to own a home in Atlanta?
A $123,000 home in Atlanta, Illinois costs approximately $1,244 per month with 20% down at 6.66%. That is $632 principal and interest, $179 property tax, $48 homeowners insurance, $282 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 $1,244 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 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.