Total monthly cost of ownership
Cost to Own a Home in Marshall, Illinois
A $119,000 home here costs
$1,207per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $612. The real number is $595 higher every month — 97% 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.
Marshall against Clark County and Illinois
| Measure | Marshall | Clark County |
|---|---|---|
| Median home value | $118,500 | $123,100 |
| Median property tax | $1,999 | $2,073 |
| Effective tax rate | 1.687% | 1.684% |
| Median gross rent | $850 | $828 |
| Population | 3,987 | 15,328 |
The weather behind that power bill
Marshall sits in Clark County, which averages a high of 87.7°F in its hottest month and a low of 19.3°F in its coldest, with 45.54" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,228 cooling and 5,173 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Clark County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clark County
Common questions
How much does it cost to own a home in Marshall?
A $119,000 home in Marshall, Illinois costs approximately $1,207 per month with 20% down at 6.66%. That is $612 principal and interest, $167 property tax, $47 homeowners insurance, $282 utilities and $99 set aside for maintenance.
What is the property tax rate in Marshall?
Marshall has an effective property tax rate of 1.687%, based on a median home value of $118,500 and median real estate taxes of $1,999. That is in line with the Clark County average of 1.684%.
What is the average home price in Marshall?
The median owner-occupied home value in Marshall, Illinois is $118,500, against $123,100 across Clark County.
Is it cheaper to rent or buy in Marshall?
Median gross rent in Marshall is $850 a month, against $1,207 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 Marshall — 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.