Total monthly cost of ownership
Cost to Own a Home in Greenup, Illinois
A $91,000 home here costs
$993per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $468. The real number is $525 higher every month — 112% 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.
Greenup against Cumberland County and Illinois
| Measure | Greenup | Cumberland County |
|---|---|---|
| Median home value | $90,900 | $117,700 |
| Median property tax | $1,571 | $2,068 |
| Effective tax rate | 1.728% | 1.757% |
| Median gross rent | $679 | $756 |
| Population | 1,678 | 10,378 |
The weather behind that power bill
Greenup sits in Cumberland County, which averages a high of 85.6°F in its hottest month and a low of 20.3°F in its coldest, with 36" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 1,116 cooling and 5,297 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Cumberland County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cumberland County
Full Cumberland County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Greenup?
A $91,000 home in Greenup, Illinois costs approximately $993 per month with 20% down at 6.66%. That is $468 principal and interest, $131 property tax, $36 homeowners insurance, $282 utilities and $76 set aside for maintenance.
What is the property tax rate in Greenup?
Greenup has an effective property tax rate of 1.728%, based on a median home value of $90,900 and median real estate taxes of $1,571. That is lower than the Cumberland County average of 1.757%.
What is the average home price in Greenup?
The median owner-occupied home value in Greenup, Illinois is $90,900, against $117,700 across Cumberland County.
Is it cheaper to rent or buy in Greenup?
Median gross rent in Greenup is $679 a month, against $993 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 Greenup — 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.