Total monthly cost of ownership
Cost to Own a Home in Winchester, Illinois
A $96,000 home here costs
$1,005per 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 $511 higher every month — 104% 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.
Winchester against Scott County and Illinois
| Measure | Winchester | Scott County |
|---|---|---|
| Median home value | $96,000 | $101,700 |
| Median property tax | $1,335 | $1,406 |
| Effective tax rate | 1.391% | 1.382% |
| Median gross rent | $627 | $669 |
| Population | 1,543 | 4,847 |
The weather behind that power bill
Winchester sits in Scott County, which averages a high of 86.8°F in its hottest month and a low of 17.8°F in its coldest, with 40.4" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 1,131 cooling and 5,485 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for Scott County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Scott County
No other places of this size are published in Scott County.
Common questions
How much does it cost to own a home in Winchester?
A $96,000 home in Winchester, Illinois costs approximately $1,005 per month with 20% down at 6.66%. That is $494 principal and interest, $111 property tax, $38 homeowners insurance, $282 utilities and $80 set aside for maintenance.
What is the property tax rate in Winchester?
Winchester has an effective property tax rate of 1.391%, based on a median home value of $96,000 and median real estate taxes of $1,335. That is in line with the Scott County average of 1.382%.
What is the average home price in Winchester?
The median owner-occupied home value in Winchester, Illinois is $96,000, against $101,700 across Scott County.
Is it cheaper to rent or buy in Winchester?
Median gross rent in Winchester is $627 a month, against $1,005 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 Winchester — 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.