Total monthly cost of ownership
Cost to Own a Home in Genoa, Illinois
A $202,000 home here costs
$2,034per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,038. The real number is $995 higher every month — 96% 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.
Genoa against DeKalb County and Illinois
| Measure | Genoa | DeKalb County |
|---|---|---|
| Median home value | $201,600 | $231,900 |
| Median property tax | $5,573 | $5,889 |
| Effective tax rate | 2.764% | 2.539% |
| Median gross rent | $1,004 | $1,041 |
| Population | 5,685 | 100,512 |
The weather behind that power bill
Genoa sits in DeKalb County, which averages a high of 83.1°F in its hottest month and a low of 13.1°F in its coldest, with 37.25" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 790 cooling and 6,745 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for DeKalb County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in DeKalb County
Full DeKalb County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Genoa?
A $202,000 home in Genoa, Illinois costs approximately $2,034 per month with 20% down at 6.66%. That is $1,038 principal and interest, $465 property tax, $79 homeowners insurance, $282 utilities and $168 set aside for maintenance.
What is the property tax rate in Genoa?
Genoa has an effective property tax rate of 2.764%, based on a median home value of $201,600 and median real estate taxes of $5,573. That is higher than the DeKalb County average of 2.539%.
What is the average home price in Genoa?
The median owner-occupied home value in Genoa, Illinois is $201,600, against $231,900 across DeKalb County.
Is it cheaper to rent or buy in Genoa?
Median gross rent in Genoa is $1,004 a month, against $2,034 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 Genoa — 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.