Total monthly cost of ownership
Cost to Own a Home in Carrollton, Illinois
A $114,000 home here costs
$1,158per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $586. The real number is $572 higher every month — 98% 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.
Carrollton against Greene County and Illinois
| Measure | Carrollton | Greene County |
|---|---|---|
| Median home value | $114,100 | $94,400 |
| Median property tax | $1,803 | $1,564 |
| Effective tax rate | 1.580% | 1.657% |
| Median gross rent | $920 | $800 |
| Population | 2,528 | 11,837 |
The weather behind that power bill
Carrollton sits in Greene County, which averages a high of 85.6°F in its hottest month and a low of 18.4°F in its coldest, with 39.58" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 1,107 cooling and 5,477 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Greene County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Greene County
Full Greene County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Carrollton?
A $114,000 home in Carrollton, Illinois costs approximately $1,158 per month with 20% down at 6.66%. That is $586 principal and interest, $150 property tax, $45 homeowners insurance, $282 utilities and $95 set aside for maintenance.
What is the property tax rate in Carrollton?
Carrollton has an effective property tax rate of 1.580%, based on a median home value of $114,100 and median real estate taxes of $1,803. That is lower than the Greene County average of 1.657%.
What is the average home price in Carrollton?
The median owner-occupied home value in Carrollton, Illinois is $114,100, against $94,400 across Greene County.
Is it cheaper to rent or buy in Carrollton?
Median gross rent in Carrollton is $920 a month, against $1,158 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 Carrollton — 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.