Total monthly cost of ownership
Cost to Own a Home in Silvis, Illinois
A $161,000 home here costs
$1,549per 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 $66,500 a year.
A standard mortgage calculator would have told you $878. The real number is $671 higher every month, 76% more than the payment most buyers budget for.
Compare Rock Island County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Silvis against Rock Island County and Illinois
| Measure | Silvis | Rock Island County |
|---|---|---|
| Median home value | $161,300 | $144,700 |
| Median property tax | $3,274 | $3,372 |
| Effective tax rate | 2.030% | 2.330% |
| Median gross rent | $975 | $863 |
| Population | 7,939 | 142,995 |
The weather behind that power bill
Silvis sits in Rock Island County, which averages a high of 86.1°F in its hottest month and a low of 14.8°F in its coldest, with 38.27" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 1,041 cooling and 6,024 heating degree days, which is what sets the $134 electricity line above.
See the full climate breakdown for Rock Island County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Rock Island County
Full Rock Island County cost breakdown · Every county in Illinois
Talk to someone who works this market
These are Silvis 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 Silvis every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Silvis I already own here and may sell
Common questions
How much does it cost to own a home in Silvis?
A $161,000 home in Silvis, Illinois costs approximately $1,549 per month with 20% down at 7.24%. That is $878 principal and interest, $272 property tax, $63 homeowners insurance, $202 utilities and $134 set aside for maintenance.
What is the property tax rate in Silvis?
Silvis has an effective property tax rate of 2.030%, based on a median home value of $161,300 and median real estate taxes of $3,274. That is lower than the Rock Island County average of 2.330%.
What is the average home price in Silvis?
The median owner-occupied home value in Silvis, Illinois is $161,300, against $144,700 across Rock Island County.
Is it cheaper to rent or buy in Silvis?
Median gross rent in Silvis is $975 a month, against $1,549 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 Silvis?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Silvis, Illinois at today's rate takes a household income of roughly $66,500 a year. That covers the full $1,549 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Silvis, 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.