Total monthly cost of ownership
Cost to Own a Home in Jerseyville, Illinois
A $124,000 home here costs
$1,240per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $53,000 a year.
A standard mortgage calculator would have told you $676. The real number is $564 higher every month, 83% more than the payment most buyers budget for.
Compare Jersey County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Jerseyville against Jersey County and Illinois
| Measure | Jerseyville | Jersey County |
|---|---|---|
| Median home value | $124,200 | $168,800 |
| Median property tax | $2,523 | $2,957 |
| Effective tax rate | 2.031% | 1.752% |
| Median gross rent | $826 | $794 |
| Population | 7,432 | 21,336 |
The weather behind that power bill
Jerseyville sits in Jersey County, which averages a high of 86.5°F in its hottest month and a low of 19.2°F in its coldest, with 42.22" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,152 cooling and 5,347 heating degree days, which is what sets the $134 electricity line above.
See the full climate breakdown for Jersey County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jersey County
No other places of this size are published in Jersey County.
Full Jersey County cost breakdown · Every county in Illinois
Talk to someone who works this market
These are Jerseyville averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Jerseyville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Jerseyville I already own here and may sell
Common questions
How much does it cost to own a home in Jerseyville?
A $124,000 home in Jerseyville, Illinois costs approximately $1,240 per month with 20% down at 7.24%. That is $676 principal and interest, $210 property tax, $49 homeowners insurance, $202 utilities and $103 set aside for maintenance.
What is the property tax rate in Jerseyville?
Jerseyville has an effective property tax rate of 2.031%, based on a median home value of $124,200 and median real estate taxes of $2,523. That is higher than the Jersey County average of 1.752%.
What is the average home price in Jerseyville?
The median owner-occupied home value in Jerseyville, Illinois is $124,200, against $168,800 across Jersey County.
Is it cheaper to rent or buy in Jerseyville?
Median gross rent in Jerseyville is $826 a month, against $1,240 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Jerseyville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Jerseyville, Illinois at today's rate takes a household income of roughly $53,000 a year. That covers the full $1,240 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Jerseyville, 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.