Total monthly cost of ownership
Cost to Own a Home in Tilton, Illinois
A $72,000 home here costs
$814per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $370. The real number is $444 higher every month — 120% 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.
Tilton against Vermilion County and Illinois
| Measure | Tilton | Vermilion County |
|---|---|---|
| Median home value | $71,700 | $92,900 |
| Median property tax | $880 | $1,666 |
| Effective tax rate | 1.227% | 1.793% |
| Median gross rent | $853 | $802 |
| Population | 2,537 | 73,179 |
The weather behind that power bill
Tilton sits in Vermilion County, which averages a high of 85.4°F in its hottest month and a low of 19.5°F in its coldest, with 43.21" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,066 cooling and 5,366 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Vermilion County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Vermilion County
Full Vermilion County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Tilton?
A $72,000 home in Tilton, Illinois costs approximately $814 per month with 20% down at 6.66%. That is $370 principal and interest, $74 property tax, $28 homeowners insurance, $282 utilities and $60 set aside for maintenance.
What is the property tax rate in Tilton?
Tilton has an effective property tax rate of 1.227%, based on a median home value of $71,700 and median real estate taxes of $880. That is lower than the Vermilion County average of 1.793%.
What is the average home price in Tilton?
The median owner-occupied home value in Tilton, Illinois is $71,700, against $92,900 across Vermilion County.
Is it cheaper to rent or buy in Tilton?
Median gross rent in Tilton is $853 a month, against $814 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Tilton — 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.