Total monthly cost of ownership
Cost to Own a Home in Bunker Hill, Illinois
A $134,000 home here costs
$1,330per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $689. The real number is $641 higher every month — 93% 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.
Bunker Hill against Macoupin County and Illinois
| Measure | Bunker Hill | Macoupin County |
|---|---|---|
| Median home value | $133,700 | $126,100 |
| Median property tax | $2,331 | $1,990 |
| Effective tax rate | 1.743% | 1.578% |
| Median gross rent | $925 | $789 |
| Population | 1,305 | 44,566 |
The weather behind that power bill
Bunker Hill sits in Macoupin County, which averages a high of 86.2°F in its hottest month and a low of 19.2°F in its coldest, with 40.01" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,142 cooling and 5,320 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Macoupin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Macoupin County
Full Macoupin County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Bunker Hill?
A $134,000 home in Bunker Hill, Illinois costs approximately $1,330 per month with 20% down at 6.66%. That is $689 principal and interest, $195 property tax, $52 homeowners insurance, $282 utilities and $112 set aside for maintenance.
What is the property tax rate in Bunker Hill?
Bunker Hill has an effective property tax rate of 1.743%, based on a median home value of $133,700 and median real estate taxes of $2,331. That is higher than the Macoupin County average of 1.578%.
What is the average home price in Bunker Hill?
The median owner-occupied home value in Bunker Hill, Illinois is $133,700, against $126,100 across Macoupin County.
Is it cheaper to rent or buy in Bunker Hill?
Median gross rent in Bunker Hill is $925 a month, against $1,330 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 Bunker Hill — 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.