Total monthly cost of ownership
Cost to Own a Home in Cobden, Illinois
A $106,000 home here costs
$1,047per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $545. The real number is $502 higher every month — 92% 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.
Cobden against Union County and Illinois
| Measure | Cobden | Union County |
|---|---|---|
| Median home value | $106,400 | $131,700 |
| Median property tax | $1,077 | $1,851 |
| Effective tax rate | 1.012% | 1.405% |
| Median gross rent | — | $658 |
| Population | 1,064 | 16,972 |
The weather behind that power bill
Cobden sits in Union County, which averages a high of 89.7°F in its hottest month and a low of 25.4°F in its coldest, with 51.13" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,634 cooling and 3,977 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Union County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Union County
Common questions
How much does it cost to own a home in Cobden?
A $106,000 home in Cobden, Illinois costs approximately $1,047 per month with 20% down at 6.66%. That is $545 principal and interest, $89 property tax, $42 homeowners insurance, $282 utilities and $88 set aside for maintenance.
What is the property tax rate in Cobden?
Cobden has an effective property tax rate of 1.012%, based on a median home value of $106,400 and median real estate taxes of $1,077. That is lower than the Union County average of 1.405%.
What is the average home price in Cobden?
The median owner-occupied home value in Cobden, Illinois is $106,400, against $131,700 across Union County.
Is it cheaper to rent or buy in Cobden?
Rent data is not published for Cobden at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Cobden — 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.