Park Place on the Green, Crest Hill — True Cost of Ownership
Will County | Crest Hill | 55+ | Homes $160K–$270K | HOA ~$175/mo | Adjacent to Joliet
Crest Hill is a Will County city immediately north of Joliet, and Park Place on the Green is one of the most affordable 55+ communities in the entire Chicago market by purchase price. Homes in the $160K–$270K range with a $175/mo HOA and Will County's ~2.3% effective tax rate produce some of the lowest total monthly non-mortgage costs in this guide. For buyers whose primary constraint is minimizing ongoing housing expenses, this community occupies a specific niche that few others in the metro can match.
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Talk to a Specialist →Monthly Cost Breakdown
| Cost Item | Est. Monthly (Low) | Est. Monthly (High) | Notes |
|---|---|---|---|
| HOA fee | $165 | $185 | Common areas; verify inclusions |
| Property tax | $307 | $518 | Will ~2.3%; on $160K–$270K homes |
| Lawn care | $55 | $100 | Owner responsibility |
| Homeowners insurance | $80 | $128 | Lower home values; full structure |
| Utilities | $160 | $240 | Not in HOA |
| Total monthly (excl. mortgage) | ~$767 | ~$1,171 |
Will County Tax by Home Value
| Purchase Price | Annual Tax Est. | Monthly |
|---|---|---|
| $160,000 | $3,680 | $307 |
| $195,000 | $4,485 | $374 |
| $230,000 | $5,290 | $441 |
| $270,000 | $6,210 | $518 |
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10-Year Projection — $200K Home
| Cost Item | 10-Year Estimate |
|---|---|
| HOA fees (3% annual increase from $175/mo) | ~$24,300 |
| Property tax (~$4,600/yr) | ~$47,800 |
| Lawn care (~$75/mo) | ~$9,000 |
| Insurance (~$102/mo) | ~$12,200 |
| Utilities (~$197/mo) | ~$23,600 |
| Total non-mortgage cost (10 yr) | ~$116,900 |
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