Illinois rent vs. buy calculator

The honest break-even — counting what it costs to sell, and what the down payment would have earned if it stayed invested. Both are usually left out, and both favour renting.

Pre-filled with Illinois’s own sourced figures: a $315,000 median home, a 2.01% effective property tax rate, $2,060 average insurance, and 7.31% annual appreciation. Rent is seeded from HUD FY2026 two-bedroom fair market rent, median across 83 FMR areas in Illinois. Change anything that does not match your situation.
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