Total monthly cost of ownership
Cost to Own a Home in Durand, Illinois
A $131,000 home here costs
$1,374per month, all in, with 20% down at today's 7.32% 30-year fixed rate. By the 28% rule that takes a household income of about $59,000 a year.
A standard mortgage calculator would have told you $720. The real number is $654 higher every month, 91% more than the payment most buyers budget for.
Compare Winnebago County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Durand from a five-year rolling sample, and with about 1,485 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 Winnebago 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.
Durand against Winnebago County and Illinois
| Measure | Durand | Winnebago County |
|---|---|---|
| Median home value | $130,600 | $155,100 |
| Median property tax | $3,488 | $3,850 |
| Effective tax rate | 2.671% | 2.482% |
| Median gross rent | $722 | $986 |
| Population | 1,485 | 283,289 |
The weather behind that power bill
Durand sits in Winnebago 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 $134 electricity line above.
See the full climate breakdown for Winnebago County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Winnebago County
Full Winnebago County cost breakdown · Every county in Illinois
Talk to someone who works this market
These are Durand 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 Durand every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Durand I already own here and may sell
Common questions
How much does it cost to own a home in Durand?
A $131,000 home in Durand, Illinois costs approximately $1,374 per month with 20% down at 7.32%. That is $720 principal and interest, $292 property tax, $51 homeowners insurance, $202 utilities and $109 set aside for maintenance.
What is the property tax rate in Durand?
Durand has an effective property tax rate of 2.671%, based on a median home value of $130,600 and median real estate taxes of $3,488. That is higher than the Winnebago County average of 2.482%.
What is the average home price in Durand?
The median owner-occupied home value in Durand, Illinois is $130,600, against $155,100 across Winnebago County.
Is it cheaper to rent or buy in Durand?
Median gross rent in Durand is $722 a month, against $1,374 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 Durand?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Durand, Illinois at today's rate takes a household income of roughly $59,000 a year. That covers the full $1,374 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Durand, 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.