Carroll County, Illinois Housing Market
In Carroll County, Illinois, the median home value is $114,500, with a median monthly rent of $818. This places Carroll County at #2729 nationally out of 3134 counties by median home value, and #70 within Illinois.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $938
- Establishments: 345
- BLS QCEW, 2025
Housing Supply
- Single-family: 18
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,605 (avg $71,020)
- Outflow: 6,192 (avg $71,442)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 8 active ZIP codes in Carroll County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 61028 | 268.0 | — | 2025 |
| 2 | 61046 | 199.1 | — | 2025 |
| 3 | 61064 | 179.8 | +9.52% | 2025 |
| 4 | 61053 | 229.8 | +65.10% | 2024 |
| 5 | 61270 | 159.2 | -7.78% | 2025 |
| 6 | 61074 | 172.4 | +4.11% | 2025 |
| 7 | 61062 | 181.2 | — | 2024 |
| 8 | 61078 | 131.9 | -10.04% | 2021 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Carroll County Compares
| Metric | Carroll County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $114,500 | $153,019 | $227,706 |
| Median Gross Rent | $818 | $867 | $968 |
| Owner Occupancy Rate | 77.2% | 75.8% | 73.3% |
| Price/Rent Ratio | 11.7 | 14.5 | 18.7 |
Market Analysis
The median home value in Carroll County is 25.2% below the Illinois state average and 49.7% below the U.S. national average. The median rent of $818/month is 5.7% below the state average.
With a price-to-rent ratio of 11.7, buying a home in Carroll 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.
Carroll County has an owner-occupancy rate of 77.2%, 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 |
|---|---|---|---|
| Webster Parish | Louisiana | $114,500 | $795 |
| Northampton County | North Carolina | $114,500 | $758 |
| Wells County | North Dakota | $114,500 | $648 |
| Taylor County | Florida | $114,600 | $988 |
| Van Buren County | Iowa | $114,600 | $622 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Hancock County | $113,800 | $782 | 81.3% |
| Hamilton County | $113,700 | $568 | 76.4% |
| Christian County | $115,500 | $785 | 75.2% |
| Perry County | $112,600 | $728 | 80.9% |
| Montgomery County | $112,300 | $723 | 77.4% |
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).