Total monthly cost of ownership
Cost to Own a Home in Bradley, Illinois
A $164,000 home here costs
$1,643per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $843. The real number is $800 higher every month — 95% 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.
Bradley against Kankakee County and Illinois
| Measure | Bradley | Kankakee County |
|---|---|---|
| Median home value | $164,400 | $185,700 |
| Median property tax | $3,811 | $4,125 |
| Effective tax rate | 2.318% | 2.221% |
| Median gross rent | $1,181 | $1,075 |
| Population | 15,331 | 106,833 |
The weather behind that power bill
Bradley sits in Kankakee County, which averages a high of 84.8°F in its hottest month and a low of 16.3°F in its coldest, with 41.66" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 997 cooling and 5,983 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Kankakee County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Kankakee County
Full Kankakee County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Bradley?
A $164,000 home in Bradley, Illinois costs approximately $1,643 per month with 20% down at 6.66%. That is $843 principal and interest, $317 property tax, $64 homeowners insurance, $282 utilities and $137 set aside for maintenance.
What is the property tax rate in Bradley?
Bradley has an effective property tax rate of 2.318%, based on a median home value of $164,400 and median real estate taxes of $3,811. That is higher than the Kankakee County average of 2.221%.
What is the average home price in Bradley?
The median owner-occupied home value in Bradley, Illinois is $164,400, against $185,700 across Kankakee County.
Is it cheaper to rent or buy in Bradley?
Median gross rent in Bradley is $1,181 a month, against $1,643 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 Bradley — 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.