Total monthly cost of ownership
Cost to Own a Home in The Galena Territory, Illinois
A $311,000 home here costs
$2,743per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,599. The real number is $1,144 higher every month — 72% 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.
The Galena Territory against Jo Daviess County and Illinois
| Measure | The Galena Territory | Jo Daviess County |
|---|---|---|
| Median home value | $311,000 | $193,900 |
| Median property tax | $5,766 | $3,383 |
| Effective tax rate | 1.854% | 1.745% |
| Median gross rent | $1,148 | $795 |
| Population | 1,644 | 21,918 |
The weather behind that power bill
The Galena Territory sits in Jo Daviess County, which averages a high of 83.3°F in its hottest month and a low of 10.4°F in its coldest, with 39.35" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 677 cooling and 7,003 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Jo Daviess County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jo Daviess County
Full Jo Daviess County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in The Galena Territory?
A $311,000 home in The Galena Territory, Illinois costs approximately $2,743 per month with 20% down at 6.66%. That is $1,599 principal and interest, $480 property tax, $122 homeowners insurance, $282 utilities and $259 set aside for maintenance.
What is the property tax rate in The Galena Territory?
The Galena Territory has an effective property tax rate of 1.854%, based on a median home value of $311,000 and median real estate taxes of $5,766. That is higher than the Jo Daviess County average of 1.745%.
What is the average home price in The Galena Territory?
The median owner-occupied home value in The Galena Territory, Illinois is $311,000, against $193,900 across Jo Daviess County.
Is it cheaper to rent or buy in The Galena Territory?
Median gross rent in The Galena Territory is $1,148 a month, against $2,743 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 The Galena Territory — 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.