Total monthly cost of ownership
Cost to Own a Home in Greenville, Illinois
A $120,000 home here costs
$1,265per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $617. The real number is $648 higher every month — 105% 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.
Greenville against Bond County and Illinois
| Measure | Greenville | Bond County |
|---|---|---|
| Median home value | $119,800 | $133,100 |
| Median property tax | $2,618 | $2,612 |
| Effective tax rate | 2.185% | 1.962% |
| Median gross rent | $724 | $735 |
| Population | 7,159 | 16,627 |
The weather behind that power bill
Greenville sits in Bond County, which averages a high of 90.2°F in its hottest month and a low of 24.3°F in its coldest, with 43.36" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,579 cooling and 4,209 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Bond County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bond County
No other places of this size are published in Bond County.
Common questions
How much does it cost to own a home in Greenville?
A $120,000 home in Greenville, Illinois costs approximately $1,265 per month with 20% down at 6.66%. That is $617 principal and interest, $219 property tax, $47 homeowners insurance, $282 utilities and $100 set aside for maintenance.
What is the property tax rate in Greenville?
Greenville has an effective property tax rate of 2.185%, based on a median home value of $119,800 and median real estate taxes of $2,618. That is higher than the Bond County average of 1.962%.
What is the average home price in Greenville?
The median owner-occupied home value in Greenville, Illinois is $119,800, against $133,100 across Bond County.
Is it cheaper to rent or buy in Greenville?
Median gross rent in Greenville is $724 a month, against $1,265 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 Greenville — 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.