Total monthly cost of ownership
Cost to Own a Home in Geneva, Illinois
A $416,000 home here costs
$3,752per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,139. The real number is $1,614 higher every month — 75% 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.
Geneva against Kane County and Illinois
| Measure | Geneva | Kane County |
|---|---|---|
| Median home value | $415,800 | $303,000 |
| Median property tax | $9,855 | $7,230 |
| Effective tax rate | 2.370% | 2.386% |
| Median gross rent | $1,805 | $1,404 |
| Population | 21,299 | 516,097 |
The weather behind that power bill
Geneva sits in Kane County, which averages a high of 84.0°F in its hottest month and a low of 16.1°F in its coldest, with 33.23" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 822 cooling and 6,364 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Kane County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Kane County
Common questions
How much does it cost to own a home in Geneva?
A $416,000 home in Geneva, Illinois costs approximately $3,752 per month with 20% down at 6.66%. That is $2,139 principal and interest, $822 property tax, $163 homeowners insurance, $282 utilities and $347 set aside for maintenance.
What is the property tax rate in Geneva?
Geneva has an effective property tax rate of 2.370%, based on a median home value of $415,800 and median real estate taxes of $9,855. That is lower than the Kane County average of 2.386%.
What is the average home price in Geneva?
The median owner-occupied home value in Geneva, Illinois is $415,800, against $303,000 across Kane County.
Is it cheaper to rent or buy in Geneva?
Median gross rent in Geneva is $1,805 a month, against $3,752 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 Geneva — 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.