Total monthly cost of ownership
Cost to Own a Home in Galena, Illinois
A $200,000 home here costs
$1,838per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,028. The real number is $810 higher every month — 79% 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.
Galena against Jo Daviess County and Illinois
| Measure | Galena | Jo Daviess County |
|---|---|---|
| Median home value | $199,700 | $193,900 |
| Median property tax | $3,383 | $3,383 |
| Effective tax rate | 1.694% | 1.745% |
| Median gross rent | $773 | $795 |
| Population | 2,899 | 21,918 |
The weather behind that power bill
Galena sits in Jo Daviess County, which averages a high of 83.3°F in its hottest month and a low of 10.4°F in its coldest, with 39.35" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 677 cooling and 7,003 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Jo Daviess County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jo Daviess County
Full Jo Daviess County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Galena?
A $200,000 home in Galena, Illinois costs approximately $1,838 per month with 20% down at 6.66%. That is $1,028 principal and interest, $282 property tax, $78 homeowners insurance, $282 utilities and $167 set aside for maintenance.
What is the property tax rate in Galena?
Galena has an effective property tax rate of 1.694%, based on a median home value of $199,700 and median real estate taxes of $3,383. That is lower than the Jo Daviess County average of 1.745%.
What is the average home price in Galena?
The median owner-occupied home value in Galena, Illinois is $199,700, against $193,900 across Jo Daviess County.
Is it cheaper to rent or buy in Galena?
Median gross rent in Galena is $773 a month, against $1,838 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 Galena — 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.