Total monthly cost of ownership
Cost to Own a Home in Dixon, Illinois
A $113,000 home here costs
$1,208per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $581. The real number is $628 higher every month — 108% 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.
Dixon against Lee County and Illinois
| Measure | Dixon | Lee County |
|---|---|---|
| Median home value | $113,300 | $155,100 |
| Median property tax | $2,487 | $2,980 |
| Effective tax rate | 2.195% | 1.921% |
| Median gross rent | $865 | $853 |
| Population | 15,166 | 34,058 |
The weather behind that power bill
Dixon sits in Lee County, which averages a high of 83.9°F in its hottest month and a low of 14.5°F in its coldest, with 37.24" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 839 cooling and 6,497 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Lee County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lee County
Common questions
How much does it cost to own a home in Dixon?
A $113,000 home in Dixon, Illinois costs approximately $1,208 per month with 20% down at 6.66%. That is $581 principal and interest, $207 property tax, $44 homeowners insurance, $282 utilities and $94 set aside for maintenance.
What is the property tax rate in Dixon?
Dixon has an effective property tax rate of 2.195%, based on a median home value of $113,300 and median real estate taxes of $2,487. That is higher than the Lee County average of 1.921%.
What is the average home price in Dixon?
The median owner-occupied home value in Dixon, Illinois is $113,300, against $155,100 across Lee County.
Is it cheaper to rent or buy in Dixon?
Median gross rent in Dixon is $865 a month, against $1,208 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 Dixon — 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.