Total monthly cost of ownership
Cost to Own a Home in Poplar Grove, Illinois
A $254,000 home here costs
$2,353per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,306. The real number is $1,048 higher every month — 80% 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.
Poplar Grove against Boone County and Illinois
| Measure | Poplar Grove | Boone County |
|---|---|---|
| Median home value | $253,500 | $198,600 |
| Median property tax | $5,437 | $4,507 |
| Effective tax rate | 2.145% | 2.269% |
| Median gross rent | $1,443 | $1,011 |
| Population | 4,202 | 53,316 |
The weather behind that power bill
Poplar Grove sits in Boone 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 Boone County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Boone County
Common questions
How much does it cost to own a home in Poplar Grove?
A $254,000 home in Poplar Grove, Illinois costs approximately $2,353 per month with 20% down at 6.66%. That is $1,306 principal and interest, $454 property tax, $99 homeowners insurance, $282 utilities and $212 set aside for maintenance.
What is the property tax rate in Poplar Grove?
Poplar Grove has an effective property tax rate of 2.145%, based on a median home value of $253,500 and median real estate taxes of $5,437. That is lower than the Boone County average of 2.269%.
What is the average home price in Poplar Grove?
The median owner-occupied home value in Poplar Grove, Illinois is $253,500, against $198,600 across Boone County.
Is it cheaper to rent or buy in Poplar Grove?
Median gross rent in Poplar Grove is $1,443 a month, against $2,353 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 Poplar Grove — 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.