Total monthly cost of ownership
Cost to Own a Home in Barry, Illinois
A $89,000 home here costs
$978per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $458. The real number is $520 higher every month — 114% 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.
Barry against Pike County and Illinois
| Measure | Barry | Pike County |
|---|---|---|
| Median home value | $88,600 | $100,100 |
| Median property tax | $1,535 | $1,557 |
| Effective tax rate | 1.733% | 1.555% |
| Median gross rent | $498 | $659 |
| Population | 1,442 | 14,625 |
The weather behind that power bill
Barry sits in Pike County, which averages a high of 87.5°F in its hottest month and a low of 18.5°F in its coldest, with 40.5" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 1,252 cooling and 5,301 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Pike County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pike County
Common questions
How much does it cost to own a home in Barry?
A $89,000 home in Barry, Illinois costs approximately $978 per month with 20% down at 6.66%. That is $458 principal and interest, $129 property tax, $35 homeowners insurance, $282 utilities and $74 set aside for maintenance.
What is the property tax rate in Barry?
Barry has an effective property tax rate of 1.733%, based on a median home value of $88,600 and median real estate taxes of $1,535. That is higher than the Pike County average of 1.555%.
What is the average home price in Barry?
The median owner-occupied home value in Barry, Illinois is $88,600, against $100,100 across Pike County.
Is it cheaper to rent or buy in Barry?
Median gross rent in Barry is $498 a month, against $978 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 Barry — 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.