Ford County, Illinois Housing Market
In Ford County, Illinois, the median home value is $122,000, with a median monthly rent of $923. This places Ford County at #2598 nationally out of 3134 counties by median home value, and #66 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: $1,175
- Establishments: 326
- BLS QCEW, 2025
Housing Supply
- Single-family: 14
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 5,514 (avg $71,480)
- Outflow: 5,389 (avg $72,046)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Ford County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 60948 | 198.4 | — | 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.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Ford County Compares
| Metric | Ford County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $122,000 | $153,019 | $227,706 |
| Median Gross Rent | $923 | $867 | $968 |
| Owner Occupancy Rate | 72.3% | 75.8% | 73.3% |
| Price/Rent Ratio | 11.0 | 14.5 | 18.7 |
Market Analysis
The median home value in Ford County is 20.3% below the Illinois state average and 46.4% below the U.S. national average. The median rent of $923/month is 6.5% above the state average.
With a price-to-rent ratio of 11.0, buying a home in Ford 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.
Ford County has an owner-occupancy rate of 72.3%, compared to 75.8% in Illinois and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Union County | Iowa | $122,000 | $721 |
| Seminole County | Georgia | $121,900 | $879 |
| Massac County | Illinois | $121,900 | $756 |
| Audubon County | Iowa | $121,900 | $759 |
| St. Lawrence County | New York | $121,900 | $818 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Massac County | $121,900 | $756 | 76.4% |
| Crawford County | $121,100 | $811 | 81.9% |
| Jasper County | $125,500 | $793 | 85.2% |
| Cumberland County | $126,000 | $772 | 84.2% |
| Jefferson County | $126,000 | $885 | 71.7% |
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).