Total monthly cost of ownership
Cost to Own a Home in Lawrenceville, Illinois
A $78,000 home here costs
$881per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $401. The real number is $480 higher every month — 120% 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.
Lawrenceville against Lawrence County and Illinois
| Measure | Lawrenceville | Lawrence County |
|---|---|---|
| Median home value | $77,600 | $95,500 |
| Median property tax | $1,219 | $1,156 |
| Effective tax rate | 1.571% | 1.210% |
| Median gross rent | $749 | $810 |
| Population | 4,241 | 15,137 |
The weather behind that power bill
Lawrenceville sits in Lawrence County, which averages a high of 88.3°F in its hottest month and a low of 21.3°F in its coldest, with 46.6" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,291 cooling and 4,929 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Lawrence County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lawrence County
Full Lawrence County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Lawrenceville?
A $78,000 home in Lawrenceville, Illinois costs approximately $881 per month with 20% down at 6.66%. That is $401 principal and interest, $102 property tax, $31 homeowners insurance, $282 utilities and $65 set aside for maintenance.
What is the property tax rate in Lawrenceville?
Lawrenceville has an effective property tax rate of 1.571%, based on a median home value of $77,600 and median real estate taxes of $1,219. That is higher than the Lawrence County average of 1.210%.
What is the average home price in Lawrenceville?
The median owner-occupied home value in Lawrenceville, Illinois is $77,600, against $95,500 across Lawrence County.
Is it cheaper to rent or buy in Lawrenceville?
Median gross rent in Lawrenceville is $749 a month, against $881 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 Lawrenceville — 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.