Total monthly cost of ownership
Cost to Own a Home in Oregon, Illinois
A $140,000 home here costs
$1,404per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $720. The real number is $684 higher every month — 95% 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.
Oregon against Ogle County and Illinois
| Measure | Oregon | Ogle County |
|---|---|---|
| Median home value | $140,100 | $184,100 |
| Median property tax | $2,764 | $3,737 |
| Effective tax rate | 1.973% | 2.030% |
| Median gross rent | $835 | $901 |
| Population | 3,821 | 51,536 |
The weather behind that power bill
Oregon sits in Ogle County, which averages a high of 83.9°F in its hottest month and a low of 14.5°F in its coldest, with 37.24" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 839 cooling and 6,497 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Ogle County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ogle County
Common questions
How much does it cost to own a home in Oregon?
A $140,000 home in Oregon, Illinois costs approximately $1,404 per month with 20% down at 6.66%. That is $720 principal and interest, $230 property tax, $55 homeowners insurance, $282 utilities and $117 set aside for maintenance.
What is the property tax rate in Oregon?
Oregon has an effective property tax rate of 1.973%, based on a median home value of $140,100 and median real estate taxes of $2,764. That is lower than the Ogle County average of 2.030%.
What is the average home price in Oregon?
The median owner-occupied home value in Oregon, Illinois is $140,100, against $184,100 across Ogle County.
Is it cheaper to rent or buy in Oregon?
Median gross rent in Oregon is $835 a month, against $1,404 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 Oregon — 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.