Total monthly cost of ownership
Cost to Own a Home in Okawville, Illinois
A $161,000 home here costs
$1,531per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $828. The real number is $703 higher every month — 85% 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.
Okawville against Washington County and Illinois
| Measure | Okawville | Washington County |
|---|---|---|
| Median home value | $161,400 | $149,800 |
| Median property tax | $2,688 | $2,766 |
| Effective tax rate | 1.665% | 1.846% |
| Median gross rent | $736 | $776 |
| Population | 1,312 | 13,682 |
The weather behind that power bill
Okawville sits in Washington County, which averages a high of 87.2°F in its hottest month and a low of 21.3°F in its coldest, with 42.22" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,304 cooling and 4,859 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Washington County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Washington County
Full Washington County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Okawville?
A $161,000 home in Okawville, Illinois costs approximately $1,531 per month with 20% down at 6.66%. That is $828 principal and interest, $223 property tax, $63 homeowners insurance, $282 utilities and $134 set aside for maintenance.
What is the property tax rate in Okawville?
Okawville has an effective property tax rate of 1.665%, based on a median home value of $161,400 and median real estate taxes of $2,688. That is lower than the Washington County average of 1.846%.
What is the average home price in Okawville?
The median owner-occupied home value in Okawville, Illinois is $161,400, against $149,800 across Washington County.
Is it cheaper to rent or buy in Okawville?
Median gross rent in Okawville is $736 a month, against $1,531 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 Okawville — 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.