Total monthly cost of ownership
Cost to Own a Home in Walnut, Illinois
A $95,000 home here costs
$1,086per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $488. The real number is $598 higher every month — 122% 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.
Walnut against Bureau County and Illinois
| Measure | Walnut | Bureau County |
|---|---|---|
| Median home value | $94,700 | $121,900 |
| Median property tax | $2,382 | $2,522 |
| Effective tax rate | 2.515% | 2.069% |
| Median gross rent | $591 | $838 |
| Population | 1,402 | 33,027 |
The weather behind that power bill
Walnut sits in Bureau County, which averages a high of 84.5°F in its hottest month and a low of 13.8°F in its coldest, with 39.79" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 860 cooling and 6,401 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Bureau County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bureau County
Full Bureau County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Walnut?
A $95,000 home in Walnut, Illinois costs approximately $1,086 per month with 20% down at 6.66%. That is $488 principal and interest, $199 property tax, $37 homeowners insurance, $282 utilities and $79 set aside for maintenance.
What is the property tax rate in Walnut?
Walnut has an effective property tax rate of 2.515%, based on a median home value of $94,700 and median real estate taxes of $2,382. That is higher than the Bureau County average of 2.069%.
What is the average home price in Walnut?
The median owner-occupied home value in Walnut, Illinois is $94,700, against $121,900 across Bureau County.
Is it cheaper to rent or buy in Walnut?
Median gross rent in Walnut is $591 a month, against $1,086 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 Walnut — 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.