Total monthly cost of ownership
Cost to Own a Home in Cobden, Illinois
A $106,000 home here costs
$999per 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 $43,000 a year.
A standard mortgage calculator would have told you $578. The real number is $421 higher every month, 73% more than the payment most buyers budget for.
Compare Union County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Cobden from a five-year rolling sample, and with about 1,064 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Union County figures are drawn from a far larger sample if you want a steadier number.
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 $134 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
Talk to someone who works this market
These are Cobden 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 Cobden every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Cobden I already own here and may sell
Common questions
How much does it cost to own a home in Cobden?
A $106,000 home in Cobden, Illinois costs approximately $999 per month with 20% down at 7.24%. That is $578 principal and interest, $89 property tax, $42 homeowners insurance, $202 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.
What salary do you need to buy a home in Cobden?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Cobden, Illinois at today's rate takes a household income of roughly $43,000 a year. That covers the full $999 monthly cost, not just the mortgage payment.
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.