Total monthly cost of ownership
Cost to Own a Home in Effingham, Illinois
A $167,000 home here costs
$1,570per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $859. The real number is $712 higher every month — 83% 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.
Effingham against Effingham County and Illinois
| Measure | Effingham | Effingham County |
|---|---|---|
| Median home value | $166,700 | $179,800 |
| Median property tax | $2,694 | $2,713 |
| Effective tax rate | 1.616% | 1.509% |
| Median gross rent | $696 | $734 |
| Population | 12,258 | 34,505 |
The weather behind that power bill
Effingham sits in Effingham County, which averages a high of 88.5°F in its hottest month and a low of 20.1°F in its coldest, with 44.01" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,298 cooling and 5,126 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Effingham County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Effingham County
Full Effingham County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Effingham?
A $167,000 home in Effingham, Illinois costs approximately $1,570 per month with 20% down at 6.66%. That is $859 principal and interest, $225 property tax, $65 homeowners insurance, $282 utilities and $139 set aside for maintenance.
What is the property tax rate in Effingham?
Effingham has an effective property tax rate of 1.616%, based on a median home value of $166,700 and median real estate taxes of $2,694. That is higher than the Effingham County average of 1.509%.
What is the average home price in Effingham?
The median owner-occupied home value in Effingham, Illinois is $166,700, against $179,800 across Effingham County.
Is it cheaper to rent or buy in Effingham?
Median gross rent in Effingham is $696 a month, against $1,570 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 Effingham — 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.