Total monthly cost of ownership
Cost to Own a Home in Jacksonville, Illinois
A $128,000 home here costs
$1,317per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $658. The real number is $659 higher every month — 100% 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.
Jacksonville against Morgan County and Illinois
| Measure | Jacksonville | Morgan County |
|---|---|---|
| Median home value | $128,300 | $128,700 |
| Median property tax | $2,638 | $2,420 |
| Effective tax rate | 2.056% | 1.880% |
| Median gross rent | $703 | $710 |
| Population | 17,490 | 32,621 |
The weather behind that power bill
Jacksonville sits in Morgan County, which averages a high of 86.5°F in its hottest month and a low of 18.1°F in its coldest, with 39.25" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 1,067 cooling and 5,510 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Morgan County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Morgan County
Full Morgan County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Jacksonville?
A $128,000 home in Jacksonville, Illinois costs approximately $1,317 per month with 20% down at 6.66%. That is $658 principal and interest, $219 property tax, $50 homeowners insurance, $282 utilities and $107 set aside for maintenance.
What is the property tax rate in Jacksonville?
Jacksonville has an effective property tax rate of 2.056%, based on a median home value of $128,300 and median real estate taxes of $2,638. That is higher than the Morgan County average of 1.880%.
What is the average home price in Jacksonville?
The median owner-occupied home value in Jacksonville, Illinois is $128,300, against $128,700 across Morgan County.
Is it cheaper to rent or buy in Jacksonville?
Median gross rent in Jacksonville is $703 a month, against $1,317 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 Jacksonville — 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.