Cumberland County, Illinois Housing Market
In Cumberland County, Illinois, the median home value is $126,000, with a median monthly rent of $772. This places Cumberland County at #2532 nationally out of 3134 counties by median home value, and #63 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: $951
- Establishments: 173
- BLS QCEW, 2025
Migration Patterns
- Inflow: 4,192 (avg $70,229)
- Outflow: 4,074 (avg $70,711)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Cumberland County Compares
| Metric | Cumberland County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $126,000 | $153,019 | $227,706 |
| Median Gross Rent | $772 | $867 | $968 |
| Owner Occupancy Rate | 84.2% | 75.8% | 73.3% |
| Price/Rent Ratio | 13.6 | 14.5 | 18.7 |
Market Analysis
The median home value in Cumberland County is 17.7% below the Illinois state average and 44.7% below the U.S. national average. The median rent of $772/month is 11.0% below the state average.
With a price-to-rent ratio of 13.6, buying a home in Cumberland 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.
Cumberland County has an owner-occupancy rate of 84.2%, 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 |
|---|---|---|---|
| Jefferson County | Illinois | $126,000 | $885 |
| Fayette County | Alabama | $125,900 | $667 |
| Cheyenne County | Kansas | $125,900 | $656 |
| Washington County | North Carolina | $125,900 | $743 |
| Miami County | Indiana | $126,200 | $838 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Jefferson County | $126,000 | $885 | 71.7% |
| Jasper County | $125,500 | $793 | 85.2% |
| Bureau County | $126,900 | $832 | 76.1% |
| Whiteside County | $127,100 | $856 | 76.9% |
| Macon County | $127,300 | $847 | 70.2% |
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).