Total monthly cost of ownership
Cost to Own a Home in Pittsfield, Illinois
A $113,000 home here costs
$1,127per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $581. The real number is $546 higher every month — 94% 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.
Pittsfield against Pike County and Illinois
| Measure | Pittsfield | Pike County |
|---|---|---|
| Median home value | $113,300 | $100,100 |
| Median property tax | $1,509 | $1,557 |
| Effective tax rate | 1.332% | 1.555% |
| Median gross rent | $703 | $659 |
| Population | 4,422 | 14,625 |
The weather behind that power bill
Pittsfield sits in Pike County, which averages a high of 87.5°F in its hottest month and a low of 18.5°F in its coldest, with 40.5" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 1,252 cooling and 5,301 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Pike County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pike County
Common questions
How much does it cost to own a home in Pittsfield?
A $113,000 home in Pittsfield, Illinois costs approximately $1,127 per month with 20% down at 6.66%. That is $581 principal and interest, $125 property tax, $44 homeowners insurance, $282 utilities and $94 set aside for maintenance.
What is the property tax rate in Pittsfield?
Pittsfield has an effective property tax rate of 1.332%, based on a median home value of $113,300 and median real estate taxes of $1,509. That is lower than the Pike County average of 1.555%.
What is the average home price in Pittsfield?
The median owner-occupied home value in Pittsfield, Illinois is $113,300, against $100,100 across Pike County.
Is it cheaper to rent or buy in Pittsfield?
Median gross rent in Pittsfield is $703 a month, against $1,127 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 Pittsfield — 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.