Total monthly cost of ownership
Cost to Own a Home in Hudson, Illinois
A $221,000 home here costs
$2,111per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,136. The real number is $975 higher every month — 86% 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.
Hudson against McLean County and Illinois
| Measure | Hudson | McLean County |
|---|---|---|
| Median home value | $221,100 | $198,300 |
| Median property tax | $5,068 | $4,503 |
| Effective tax rate | 2.292% | 2.271% |
| Median gross rent | $1,146 | $992 |
| Population | 2,048 | 170,882 |
The weather behind that power bill
Hudson sits in McLean County, which averages a high of 86.0°F in its hottest month and a low of 15.6°F in its coldest, with 39.39" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 978 cooling and 6,023 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for McLean County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in McLean County
Full McLean County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Hudson?
A $221,000 home in Hudson, Illinois costs approximately $2,111 per month with 20% down at 6.66%. That is $1,136 principal and interest, $422 property tax, $87 homeowners insurance, $282 utilities and $184 set aside for maintenance.
What is the property tax rate in Hudson?
Hudson has an effective property tax rate of 2.292%, based on a median home value of $221,100 and median real estate taxes of $5,068. That is higher than the McLean County average of 2.271%.
What is the average home price in Hudson?
The median owner-occupied home value in Hudson, Illinois is $221,100, against $198,300 across McLean County.
Is it cheaper to rent or buy in Hudson?
Median gross rent in Hudson is $1,146 a month, against $2,111 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 Hudson — 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.