Total monthly cost of ownership
Cost to Own a Home in Manito, Illinois
A $118,000 home here costs
$1,271per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $607. The real number is $665 higher every month — 110% 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.
Manito against Mason County and Illinois
| Measure | Manito | Mason County |
|---|---|---|
| Median home value | $117,500 | $106,100 |
| Median property tax | $2,841 | $2,277 |
| Effective tax rate | 2.418% | 2.146% |
| Median gross rent | $757 | $760 |
| Population | 1,640 | 12,878 |
The weather behind that power bill
Manito sits in Mason 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 Mason County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mason County
Common questions
How much does it cost to own a home in Manito?
A $118,000 home in Manito, Illinois costs approximately $1,271 per month with 20% down at 6.66%. That is $607 principal and interest, $238 property tax, $46 homeowners insurance, $282 utilities and $98 set aside for maintenance.
What is the property tax rate in Manito?
Manito has an effective property tax rate of 2.418%, based on a median home value of $117,500 and median real estate taxes of $2,841. That is higher than the Mason County average of 2.146%.
What is the average home price in Manito?
The median owner-occupied home value in Manito, Illinois is $117,500, against $106,100 across Mason County.
Is it cheaper to rent or buy in Manito?
Median gross rent in Manito is $757 a month, against $1,271 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 Manito — 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.