Renting in Cold Spring Township: a two-bedroom costs about $920
Cold Spring Township is too small for a cost of living grade (TownRatings grades places of 1,000 or more).
Zillow and Redfin publish no market figures here. How TownRatings grades cost of living
Why Cold Spring Township isn’t graded
The grade needs at least two of four Census figures: home value, rent, property tax and the share of households paying 30% or more for housing.
A two-bedroom rents for about $920
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Shelby County, IL): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Property tax runs below the Illinois norm
The median bill is $3,467 (Illinois: $5,298), 1.78% of a home’s value a year, against 2.01% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
Cold Spring Township vs. its neighbors
Zillow publishes no value for Cold Spring Township. Tower Hill Township has no Zillow value, so it is in the table only.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, latest | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Cold Spring Township | – | — | $195K | 1.78% | $920 |
| Oconee Township | – | $201K | $116K | 2.54% | $960 |
| Tower Hill Township | – | — | $120K | 1.49% | $930 |
| Lakewood Township | – | $196K | $212K | — | $920 |
“—” under Cost: not graded (too little Census data, or under 1,000 residents). “—” under Zillow: Zillow publishes no value for that town, so it’s left blank rather than mixed with Census figures.
Questions about the cost of living in Cold Spring Township
How much is rent in Cold Spring Township?
HUD puts a two-bedroom at about $920 a month with utilities, the going rate for someone moving in.
What are property taxes in Cold Spring Township?
The median bill is $3,467 a year, 1.78% of the median home value (Illinois: $5,298, 2.01%), from the Census 2020–24.
Why doesn’t Cold Spring Township have a cost of living grade?
Cold Spring Township is too small for a cost of living grade (TownRatings grades places of 1,000 or more).
Neighbors talk housing
What Cold Spring Township buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.