Total monthly cost of ownership
Cost to Own a Home in Centralia, Illinois
A $82,000 home here costs
$932per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $422. The real number is $510 higher every month — 121% 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.
Centralia against Marion County and Illinois
| Measure | Centralia | Marion County |
|---|---|---|
| Median home value | $81,600 | $100,100 |
| Median property tax | $1,519 | $1,709 |
| Effective tax rate | 1.862% | 1.707% |
| Median gross rent | $775 | $771 |
| Population | 12,009 | 37,294 |
Centralia extends across 4 counties. Figures here use Marion County, where most of its housing sits.
The weather behind that power bill
Centralia sits in Marion County, which averages a high of 87.8°F in its hottest month and a low of 20.8°F in its coldest, with 45.89" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,328 cooling and 4,986 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Marion County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marion County
Full Marion County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Centralia?
A $82,000 home in Centralia, Illinois costs approximately $932 per month with 20% down at 6.66%. That is $422 principal and interest, $127 property tax, $32 homeowners insurance, $282 utilities and $68 set aside for maintenance.
What is the property tax rate in Centralia?
Centralia has an effective property tax rate of 1.862%, based on a median home value of $81,600 and median real estate taxes of $1,519. That is higher than the Marion County average of 1.707%.
What is the average home price in Centralia?
The median owner-occupied home value in Centralia, Illinois is $81,600, against $100,100 across Marion County.
Is it cheaper to rent or buy in Centralia?
Median gross rent in Centralia is $775 a month, against $932 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 Centralia — 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.