Total monthly cost of ownership
Cost to Own a Home in Newton, Illinois
A $99,000 home here costs
$1,078per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $509. The real number is $569 higher every month — 112% 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.
Newton against Jasper County and Illinois
| Measure | Newton | Jasper County |
|---|---|---|
| Median home value | $98,900 | $122,900 |
| Median property tax | $1,979 | $2,341 |
| Effective tax rate | 2.001% | 1.905% |
| Median gross rent | $745 | $766 |
| Population | 2,852 | 9,233 |
The weather behind that power bill
Newton sits in Jasper County, which averages a high of 86.4°F in its hottest month and a low of 21.7°F in its coldest, with 46.03" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,234 cooling and 5,036 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Jasper County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jasper County
No other places of this size are published in Jasper County.
Full Jasper County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Newton?
A $99,000 home in Newton, Illinois costs approximately $1,078 per month with 20% down at 6.66%. That is $509 principal and interest, $165 property tax, $39 homeowners insurance, $282 utilities and $83 set aside for maintenance.
What is the property tax rate in Newton?
Newton has an effective property tax rate of 2.001%, based on a median home value of $98,900 and median real estate taxes of $1,979. That is higher than the Jasper County average of 1.905%.
What is the average home price in Newton?
The median owner-occupied home value in Newton, Illinois is $98,900, against $122,900 across Jasper County.
Is it cheaper to rent or buy in Newton?
Median gross rent in Newton is $745 a month, against $1,078 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 Newton — 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.