Total monthly cost of ownership
Cost to Own a Home in Macon, Illinois
A $110,000 home here costs
$1,113per month, all in, with 20% down at today's 7.32% 30-year fixed rate. By the 28% rule that takes a household income of about $47,500 a year.
A standard mortgage calculator would have told you $604. The real number is $509 higher every month, 84% more than the payment most buyers budget for.
Compare Macon County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Macon from a five-year rolling sample, and with about 1,035 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 Macon 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.
Macon against Macon County and Illinois
| Measure | Macon | Macon County |
|---|---|---|
| Median home value | $109,500 | $121,800 |
| Median property tax | $2,066 | $2,560 |
| Effective tax rate | 1.887% | 2.102% |
| Median gross rent | $800 | $797 |
| Population | 1,035 | 102,591 |
The weather behind that power bill
Macon sits in Macon County, which averages a high of 84.7°F in its hottest month and a low of 19.7°F in its coldest, with 40.44" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,116 cooling and 5,444 heating degree days, which is what sets the $133 electricity line above.
See the full climate breakdown for Macon County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Macon County
Talk to someone who works this market
These are Macon 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 Macon every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Macon?
A $110,000 home in Macon, Illinois costs approximately $1,113 per month with 20% down at 7.32%. That is $604 principal and interest, $173 property tax, $43 homeowners insurance, $201 utilities and $92 set aside for maintenance.
What is the property tax rate in Macon?
Macon has an effective property tax rate of 1.887%, based on a median home value of $109,500 and median real estate taxes of $2,066. That is lower than the Macon County average of 2.102%.
What is the average home price in Macon?
The median owner-occupied home value in Macon, Illinois is $109,500, against $121,800 across Macon County.
Is it cheaper to rent or buy in Macon?
Median gross rent in Macon is $800 a month, against $1,113 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 Macon?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Macon, Illinois at today's rate takes a household income of roughly $47,500 a year. That covers the full $1,113 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Macon, 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.