Total monthly cost of ownership
Cost to Own a Home in Le Roy, Illinois
A $166,000 home here costs
$1,632per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $70,000 a year.
A standard mortgage calculator would have told you $919. The real number is $712 higher every month, 77% more than the payment most buyers budget for.
Compare McLean County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Le Roy from a five-year rolling sample, and with about 3,177 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The McLean County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Le Roy against McLean County and Illinois
| Measure | Le Roy | McLean County |
|---|---|---|
| Median home value | $165,600 | $198,300 |
| Median property tax | $3,685 | $4,503 |
| Effective tax rate | 2.225% | 2.271% |
| Median gross rent | $806 | $992 |
| Population | 3,177 | 170,882 |
The weather behind that power bill
Le Roy 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 $133 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
Talk to someone who works this market
These are Le Roy 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 Le Roy every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Le Roy I already own here and may sell
Common questions
How much does it cost to own a home in Le Roy?
A $166,000 home in Le Roy, Illinois costs approximately $1,632 per month with 20% down at 7.4%. That is $919 principal and interest, $308 property tax, $65 homeowners insurance, $201 utilities and $138 set aside for maintenance.
What is the property tax rate in Le Roy?
Le Roy has an effective property tax rate of 2.225%, based on a median home value of $165,600 and median real estate taxes of $3,685. That is lower than the McLean County average of 2.271%.
What is the average home price in Le Roy?
The median owner-occupied home value in Le Roy, Illinois is $165,600, against $198,300 across McLean County.
Is it cheaper to rent or buy in Le Roy?
Median gross rent in Le Roy is $806 a month, against $1,632 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 Le Roy?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Le Roy, Illinois at today's rate takes a household income of roughly $70,000 a year. That covers the full $1,632 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Le Roy, 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.