Total monthly cost of ownership
Cost to Own a Home in St. Elmo, Illinois
A $80,000 home here costs
$885per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $411. The real number is $473 higher every month — 115% 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.
St. Elmo against Fayette County and Illinois
| Measure | St. Elmo | Fayette County |
|---|---|---|
| Median home value | $80,300 | $114,700 |
| Median property tax | $1,121 | $1,740 |
| Effective tax rate | 1.396% | 1.517% |
| Median gross rent | $759 | $740 |
| Population | 1,401 | 21,380 |
The weather behind that power bill
St. Elmo sits in Fayette County, which averages a high of 86.7°F in its hottest month and a low of 21.3°F in its coldest, with 41.2" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,274 cooling and 5,046 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Fayette County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fayette County
Full Fayette County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in St. Elmo?
A $80,000 home in St. Elmo, Illinois costs approximately $885 per month with 20% down at 6.66%. That is $411 principal and interest, $93 property tax, $31 homeowners insurance, $282 utilities and $67 set aside for maintenance.
What is the property tax rate in St. Elmo?
St. Elmo has an effective property tax rate of 1.396%, based on a median home value of $80,300 and median real estate taxes of $1,121. That is lower than the Fayette County average of 1.517%.
What is the average home price in St. Elmo?
The median owner-occupied home value in St. Elmo, Illinois is $80,300, against $114,700 across Fayette County.
Is it cheaper to rent or buy in St. Elmo?
Median gross rent in St. Elmo is $759 a month, against $885 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 St. Elmo — 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.