Alexander County, Illinois Housing Market
In Alexander County, Illinois, the median home value is $59,800, with a median monthly rent of $656. This places Alexander County at #3128 nationally out of 3134 counties by median home value, and #102 within Illinois.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,041
- Establishments: 72
- BLS QCEW, 2025
Migration Patterns
- Inflow: 1,813 (avg $49,460)
- Outflow: 1,775 (avg $50,186)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Alexander County Compares
| Metric | Alexander County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $59,800 | $153,019 | $227,706 |
| Median Gross Rent | $656 | $867 | $968 |
| Owner Occupancy Rate | 77.6% | 75.8% | 73.3% |
| Price/Rent Ratio | 7.6 | 14.5 | 18.7 |
Market Analysis
The median home value in Alexander County is 60.9% below the Illinois state average and 73.7% below the U.S. national average. The median rent of $656/month is 24.3% below the state average.
With a price-to-rent ratio of 7.6, buying a home in Alexander County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Alexander County has an owner-occupancy rate of 77.6%, compared to 75.8% in Illinois and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Cottle County | Texas | $59,300 | $264 |
| Apache County | Arizona | $63,700 | $647 |
| Hudspeth County | Texas | $64,000 | $705 |
| Jewell County | Kansas | $64,600 | $608 |
| Stewart County | Georgia | $65,100 | $607 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Gallatin County | $82,900 | $541 | 77.4% |
| Pulaski County | $85,100 | $634 | 68.2% |
| Franklin County | $89,000 | $803 | 74.1% |
| Saline County | $94,300 | $726 | 72.5% |
| Greene County | $95,200 | $754 | 78.2% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).