Total monthly cost of ownership
Cost to Own a Home in Toulon, Illinois
A $96,000 home here costs
$1,017per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $494. The real number is $523 higher every month — 106% 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.
Toulon against Stark County and Illinois
| Measure | Toulon | Stark County |
|---|---|---|
| Median home value | $96,100 | $103,500 |
| Median property tax | $1,479 | $1,700 |
| Effective tax rate | 1.539% | 1.643% |
| Median gross rent | $738 | $765 |
| Population | 1,390 | 5,324 |
The weather behind that power bill
Toulon sits in Stark County, which averages a high of 83.7°F in its hottest month and a low of 13.8°F in its coldest, with 39.58" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 829 cooling and 6,407 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Stark County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Stark County
Common questions
How much does it cost to own a home in Toulon?
A $96,000 home in Toulon, Illinois costs approximately $1,017 per month with 20% down at 6.66%. That is $494 principal and interest, $123 property tax, $38 homeowners insurance, $282 utilities and $80 set aside for maintenance.
What is the property tax rate in Toulon?
Toulon has an effective property tax rate of 1.539%, based on a median home value of $96,100 and median real estate taxes of $1,479. That is lower than the Stark County average of 1.643%.
What is the average home price in Toulon?
The median owner-occupied home value in Toulon, Illinois is $96,100, against $103,500 across Stark County.
Is it cheaper to rent or buy in Toulon?
Median gross rent in Toulon is $738 a month, against $1,017 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 Toulon — 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.