Total monthly cost of ownership
Cost to Own a Home in Flora, Illinois
A $78,000 home here costs
$868per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $401. The real number is $467 higher every month — 116% 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.
Flora against Clay County and Illinois
| Measure | Flora | Clay County |
|---|---|---|
| Median home value | $78,400 | $94,300 |
| Median property tax | $1,075 | $1,523 |
| Effective tax rate | 1.371% | 1.615% |
| Median gross rent | $728 | $709 |
| Population | 4,860 | 13,173 |
The weather behind that power bill
Flora sits in Clay County, which averages a high of 89.0°F in its hottest month and a low of 21.2°F in its coldest, with 48" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,337 cooling and 4,933 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Clay County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clay County
Common questions
How much does it cost to own a home in Flora?
A $78,000 home in Flora, Illinois costs approximately $868 per month with 20% down at 6.66%. That is $401 principal and interest, $89 property tax, $31 homeowners insurance, $282 utilities and $65 set aside for maintenance.
What is the property tax rate in Flora?
Flora has an effective property tax rate of 1.371%, based on a median home value of $78,400 and median real estate taxes of $1,075. That is lower than the Clay County average of 1.615%.
What is the average home price in Flora?
The median owner-occupied home value in Flora, Illinois is $78,400, against $94,300 across Clay County.
Is it cheaper to rent or buy in Flora?
Median gross rent in Flora is $728 a month, against $868 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 Flora — 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.