Total monthly cost of ownership
Cost to Own a Home in Pittsfield, Illinois
A $113,000 home here costs
$1,082per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $46,500 a year.
A standard mortgage calculator would have told you $616. The real number is $466 higher every month, 76% more than the payment most buyers budget for.
Compare Pike County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Pittsfield from a five-year rolling sample, and with about 4,422 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Pike County figures are drawn from a far larger sample if you want a steadier number.
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 $134 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
Talk to someone who works this market
These are Pittsfield averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Pittsfield every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Pittsfield?
A $113,000 home in Pittsfield, Illinois costs approximately $1,082 per month with 20% down at 7.24%. That is $616 principal and interest, $125 property tax, $44 homeowners insurance, $202 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 $1,082 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Pittsfield?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Pittsfield, Illinois at today's rate takes a household income of roughly $46,500 a year. That covers the full $1,082 monthly cost, not just the mortgage payment.
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.