Total monthly cost of ownership
Cost to Own a Home in Washington, Illinois
A $217,000 home here costs
$2,075per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,116. The real number is $959 higher every month — 86% 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.
Washington against Tazewell County and Illinois
| Measure | Washington | Tazewell County |
|---|---|---|
| Median home value | $216,700 | $164,500 |
| Median property tax | $4,927 | $3,481 |
| Effective tax rate | 2.274% | 2.116% |
| Median gross rent | $1,087 | $898 |
| Population | 15,946 | 130,555 |
The weather behind that power bill
Washington sits in Tazewell County, which averages a high of 86.3°F in its hottest month and a low of 17.6°F in its coldest, with 37.55" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,157 cooling and 5,614 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Tazewell County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tazewell County
Full Tazewell County cost breakdown · Every county in Illinois
Common questions
How much does it cost to own a home in Washington?
A $217,000 home in Washington, Illinois costs approximately $2,075 per month with 20% down at 6.66%. That is $1,116 principal and interest, $411 property tax, $85 homeowners insurance, $282 utilities and $181 set aside for maintenance.
What is the property tax rate in Washington?
Washington has an effective property tax rate of 2.274%, based on a median home value of $216,700 and median real estate taxes of $4,927. That is higher than the Tazewell County average of 2.116%.
What is the average home price in Washington?
The median owner-occupied home value in Washington, Illinois is $216,700, against $164,500 across Tazewell County.
Is it cheaper to rent or buy in Washington?
Median gross rent in Washington is $1,087 a month, against $2,075 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 Washington — 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.