Total monthly cost of ownership
Cost to Own a Home in De Soto, Illinois
A $89,000 home here costs
$1,000per 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 $485. The real number is $515 higher every month, 106% more than the payment most buyers budget for.
Compare Jackson County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for De Soto from a five-year rolling sample, and with about 1,701 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 Jackson 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.
De Soto against Jackson County and Illinois
| Measure | De Soto | Jackson County |
|---|---|---|
| Median home value | $88,800 | $125,000 |
| Median property tax | $2,443 | $2,385 |
| Effective tax rate | 2.751% | 1.908% |
| Median gross rent | $749 | $746 |
| Population | 1,701 | 52,706 |
The weather behind that power bill
De Soto sits in Jackson County, which averages a high of 88.4°F in its hottest month and a low of 24.8°F in its coldest, with 44.01" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,370 cooling and 4,460 heating degree days, which is what sets the $134 electricity line above.
See the full climate breakdown for Jackson County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jackson County
Full Jackson County cost breakdown · Every county in Illinois
Talk to someone who works this market
These are De Soto 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 De Soto every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in De Soto I already own here and may sell
Common questions
How much does it cost to own a home in De Soto?
A $89,000 home in De Soto, Illinois costs approximately $1,000 per month with 20% down at 7.24%. That is $485 principal and interest, $204 property tax, $35 homeowners insurance, $202 utilities and $74 set aside for maintenance.
What is the property tax rate in De Soto?
De Soto has an effective property tax rate of 2.751%, based on a median home value of $88,800 and median real estate taxes of $2,443. That is higher than the Jackson County average of 1.908%.
What is the average home price in De Soto?
The median owner-occupied home value in De Soto, Illinois is $88,800, against $125,000 across Jackson County.
Is it cheaper to rent or buy in De Soto?
Median gross rent in De Soto is $749 a month, against $1,000 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 De Soto?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in De Soto, Illinois at today's rate takes a household income of roughly $43,000 a year. That covers the full $1,000 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for De Soto, 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.