Total monthly cost of ownership
Cost to Own a Home in Eureka, Illinois
A $155,000 home here costs
$1,554per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $797. The real number is $757 higher every month — 95% 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.
Eureka against Woodford County and Illinois
| Measure | Eureka | Woodford County |
|---|---|---|
| Median home value | $154,600 | $193,800 |
| Median property tax | $3,404 | $4,224 |
| Effective tax rate | 2.202% | 2.180% |
| Median gross rent | $680 | $907 |
| Population | 5,095 | 38,348 |
The weather behind that power bill
Eureka sits in Woodford County, which averages a high of 85.5°F in its hottest month and a low of 17.1°F in its coldest, with 37.47" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,067 cooling and 5,752 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Woodford County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Woodford County
Full Woodford County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Eureka?
A $155,000 home in Eureka, Illinois costs approximately $1,554 per month with 20% down at 6.66%. That is $797 principal and interest, $284 property tax, $61 homeowners insurance, $282 utilities and $129 set aside for maintenance.
What is the property tax rate in Eureka?
Eureka has an effective property tax rate of 2.202%, based on a median home value of $154,600 and median real estate taxes of $3,404. That is higher than the Woodford County average of 2.180%.
What is the average home price in Eureka?
The median owner-occupied home value in Eureka, Illinois is $154,600, against $193,800 across Woodford County.
Is it cheaper to rent or buy in Eureka?
Median gross rent in Eureka is $680 a month, against $1,554 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 Eureka — 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.