Total monthly cost of ownership
Cost to Own a Home in Clinton, Illinois
A $101,000 home here costs
$1,023per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $44,000 a year.
A standard mortgage calculator would have told you $551. The real number is $472 higher every month, 86% more than the payment most buyers budget for.
Compare De Witt County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Clinton against De Witt County and Illinois
| Measure | Clinton | De Witt County |
|---|---|---|
| Median home value | $101,200 | $124,200 |
| Median property tax | $1,759 | $2,297 |
| Effective tax rate | 1.738% | 1.849% |
| Median gross rent | $916 | $857 |
| Population | 7,012 | 15,461 |
The weather behind that power bill
Clinton sits in De Witt County, which averages a high of 85.8°F in its hottest month and a low of 20.1°F in its coldest, with 36.36" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,105 cooling and 5,393 heating degree days, which is what sets the $134 electricity line above.
See the full climate breakdown for De Witt County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in De Witt County
Full De Witt County cost breakdown · Every county in Illinois
Talk to someone who works this market
These are Clinton averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Clinton every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Clinton I already own here and may sell
Common questions
How much does it cost to own a home in Clinton?
A $101,000 home in Clinton, Illinois costs approximately $1,023 per month with 20% down at 7.24%. That is $551 principal and interest, $146 property tax, $40 homeowners insurance, $202 utilities and $84 set aside for maintenance.
What is the property tax rate in Clinton?
Clinton has an effective property tax rate of 1.738%, based on a median home value of $101,200 and median real estate taxes of $1,759. That is lower than the De Witt County average of 1.849%.
What is the average home price in Clinton?
The median owner-occupied home value in Clinton, Illinois is $101,200, against $124,200 across De Witt County.
Is it cheaper to rent or buy in Clinton?
Median gross rent in Clinton is $916 a month, against $1,023 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Clinton?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Clinton, Illinois at today's rate takes a household income of roughly $44,000 a year. That covers the full $1,023 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Clinton, 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.