Total monthly cost of ownership
Cost to Own a Home in Pontiac, Illinois
A $110,000 home here costs
$1,194per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $566. The real number is $629 higher every month — 111% 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.
Pontiac against Livingston County and Illinois
| Measure | Pontiac | Livingston County |
|---|---|---|
| Median home value | $110,200 | $131,500 |
| Median property tax | $2,543 | $2,867 |
| Effective tax rate | 2.308% | 2.180% |
| Median gross rent | $818 | $855 |
| Population | 11,483 | 35,659 |
The weather behind that power bill
Pontiac sits in Livingston County, which averages a high of 84.3°F in its hottest month and a low of 17.2°F in its coldest, with 36.95" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,052 cooling and 5,840 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Livingston County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Livingston County
Full Livingston County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Pontiac?
A $110,000 home in Pontiac, Illinois costs approximately $1,194 per month with 20% down at 6.66%. That is $566 principal and interest, $212 property tax, $43 homeowners insurance, $282 utilities and $92 set aside for maintenance.
What is the property tax rate in Pontiac?
Pontiac has an effective property tax rate of 2.308%, based on a median home value of $110,200 and median real estate taxes of $2,543. That is higher than the Livingston County average of 2.180%.
What is the average home price in Pontiac?
The median owner-occupied home value in Pontiac, Illinois is $110,200, against $131,500 across Livingston County.
Is it cheaper to rent or buy in Pontiac?
Median gross rent in Pontiac is $818 a month, against $1,194 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 Pontiac — 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.