Total monthly cost of ownership
Cost to Own a Home in Lewistown, Illinois
A $85,000 home here costs
$952per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $437. The real number is $515 higher every month — 118% 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.
Lewistown against Fulton County and Illinois
| Measure | Lewistown | Fulton County |
|---|---|---|
| Median home value | $84,600 | $102,500 |
| Median property tax | $1,532 | $2,186 |
| Effective tax rate | 1.811% | 2.133% |
| Median gross rent | $683 | $808 |
| Population | 1,828 | 33,259 |
The weather behind that power bill
Lewistown sits in Fulton County, which averages a high of 88.1°F in its hottest month and a low of 16.4°F in its coldest, with 41.04" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,161 cooling and 5,686 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Fulton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fulton County
Full Fulton County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Lewistown?
A $85,000 home in Lewistown, Illinois costs approximately $952 per month with 20% down at 6.66%. That is $437 principal and interest, $128 property tax, $33 homeowners insurance, $282 utilities and $71 set aside for maintenance.
What is the property tax rate in Lewistown?
Lewistown has an effective property tax rate of 1.811%, based on a median home value of $84,600 and median real estate taxes of $1,532. That is lower than the Fulton County average of 2.133%.
What is the average home price in Lewistown?
The median owner-occupied home value in Lewistown, Illinois is $84,600, against $102,500 across Fulton County.
Is it cheaper to rent or buy in Lewistown?
Median gross rent in Lewistown is $683 a month, against $952 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 Lewistown — 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.