Total monthly cost of ownership
Cost to Own a Home in Mount Zion, Illinois
A $200,000 home here costs
$1,939per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,028. The real number is $911 higher every month — 89% 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.
Mount Zion against Macon County and Illinois
| Measure | Mount Zion | Macon County |
|---|---|---|
| Median home value | $200,300 | $121,800 |
| Median property tax | $4,611 | $2,560 |
| Effective tax rate | 2.302% | 2.102% |
| Median gross rent | $696 | $797 |
| Population | 6,076 | 102,591 |
The weather behind that power bill
Mount Zion 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 $214 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
Common questions
How much does it cost to own a home in Mount Zion?
A $200,000 home in Mount Zion, Illinois costs approximately $1,939 per month with 20% down at 6.66%. That is $1,028 principal and interest, $384 property tax, $78 homeowners insurance, $282 utilities and $167 set aside for maintenance.
What is the property tax rate in Mount Zion?
Mount Zion has an effective property tax rate of 2.302%, based on a median home value of $200,300 and median real estate taxes of $4,611. That is higher than the Macon County average of 2.102%.
What is the average home price in Mount Zion?
The median owner-occupied home value in Mount Zion, Illinois is $200,300, against $121,800 across Macon County.
Is it cheaper to rent or buy in Mount Zion?
Median gross rent in Mount Zion is $696 a month, against $1,939 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 Mount Zion — 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.