Effingham County, Illinois Housing Market
In Effingham County, Illinois, the median home value is $189,500, with a median monthly rent of $733. This places Effingham County at #1521 nationally out of 3134 counties by median home value, and #19 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: $1,060
- Establishments: 1,160
- BLS QCEW, 2025
Housing Supply
- Single-family: 30
- Multi-family: 20
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 14,930 (avg $89,934)
- Outflow: 14,350 (avg $90,585)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Effingham County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 62411 | 299.2 | +19.28% | 2025 |
| 2 | 62401 | 215.1 | +6.32% | 2025 |
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.
🔗 Explore Effingham County on Our Sister Sites
Get the complete picture for Effingham County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Effingham County Compares
| Metric | Effingham County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $189,500 | $153,019 | $227,706 |
| Median Gross Rent | $733 | $867 | $968 |
| Owner Occupancy Rate | 78.2% | 75.8% | 73.3% |
| Price/Rent Ratio | 21.5 | 14.5 | 18.7 |
Market Analysis
The median home value in Effingham County is 23.8% above the Illinois state average and 16.8% below the U.S. national average. The median rent of $733/month is 15.5% below the state average.
With a price-to-rent ratio of 21.5, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Effingham County has an owner-occupancy rate of 78.2%, 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 |
|---|---|---|---|
| Lyon County | Kentucky | $189,500 | $747 |
| Lincoln County | Nebraska | $189,500 | $900 |
| York County | Nebraska | $189,400 | $877 |
| Unicoi County | Tennessee | $189,600 | $750 |
| Bledsoe County | Tennessee | $189,400 | $830 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Ogle County | $189,200 | $936 | 75.4% |
| Calhoun County | $190,900 | $583 | 88.7% |
| Clinton County | $192,400 | $912 | 80.3% |
| Kankakee County | $192,600 | $1,097 | 69.9% |
| Menard County | $185,500 | $885 | 79.5% |
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).