Total monthly cost of ownership
Cost to Own a Home in McLeansboro, Illinois
A $72,000 home here costs
$764per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $32,500 a year.
A standard mortgage calculator would have told you $393. The real number is $371 higher every month, 95% more than the payment most buyers budget for.
Compare Hamilton County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for McLeansboro from a five-year rolling sample, and with about 2,750 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 Hamilton 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.
McLeansboro against Hamilton County and Illinois
| Measure | McLeansboro | Hamilton County |
|---|---|---|
| Median home value | $72,200 | $108,800 |
| Median property tax | — | $1,470 |
| Effective tax rate | 1.351% | 1.351% |
| Median gross rent | $548 | $566 |
| Population | 2,750 | 7,972 |
The weather behind that power bill
McLeansboro sits in Hamilton County, which averages a high of 89.2°F in its hottest month and a low of 22.1°F in its coldest, with 47.09" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,306 cooling and 4,746 heating degree days, which is what sets the $134 electricity line above.
See the full climate breakdown for Hamilton County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hamilton County
No other places of this size are published in Hamilton County.
Full Hamilton County cost breakdown · Every county in Illinois
Talk to someone who works this market
These are McLeansboro 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 McLeansboro every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in McLeansboro I already own here and may sell
Common questions
How much does it cost to own a home in McLeansboro?
A $72,000 home in McLeansboro, Illinois costs approximately $764 per month with 20% down at 7.24%. That is $393 principal and interest, $81 property tax, $28 homeowners insurance, $202 utilities and $60 set aside for maintenance.
What is the property tax rate in McLeansboro?
Place-level tax data is not published for McLeansboro, so the Hamilton County rate of 1.351% applies here.
What is the average home price in McLeansboro?
The median owner-occupied home value in McLeansboro, Illinois is $72,200, against $108,800 across Hamilton County.
Is it cheaper to rent or buy in McLeansboro?
Median gross rent in McLeansboro is $548 a month, against $764 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 McLeansboro?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in McLeansboro, Illinois at today's rate takes a household income of roughly $32,500 a year. That covers the full $764 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for McLeansboro, 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.