Total monthly cost of ownership
Cost to Own a Home in Granville, Illinois
A $134,000 home here costs
$1,301per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $689. The real number is $612 higher every month — 89% 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.
Granville against Putnam County and Illinois
| Measure | Granville | Putnam County |
|---|---|---|
| Median home value | $134,300 | $167,800 |
| Median property tax | $1,985 | $2,668 |
| Effective tax rate | 1.478% | 1.590% |
| Median gross rent | $732 | $804 |
| Population | 1,463 | 5,600 |
The weather behind that power bill
Granville sits in Putnam County, which averages a high of 84.5°F in its hottest month and a low of 16.8°F in its coldest, with 38.58" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 946 cooling and 5,869 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Putnam County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Putnam County
No other places of this size are published in Putnam County.
Full Putnam County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Granville?
A $134,000 home in Granville, Illinois costs approximately $1,301 per month with 20% down at 6.66%. That is $689 principal and interest, $165 property tax, $52 homeowners insurance, $282 utilities and $112 set aside for maintenance.
What is the property tax rate in Granville?
Granville has an effective property tax rate of 1.478%, based on a median home value of $134,300 and median real estate taxes of $1,985. That is lower than the Putnam County average of 1.590%.
What is the average home price in Granville?
The median owner-occupied home value in Granville, Illinois is $134,300, against $167,800 across Putnam County.
Is it cheaper to rent or buy in Granville?
Median gross rent in Granville is $732 a month, against $1,301 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 Granville — 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.