Gallatin County, Illinois Housing Market
In Gallatin County, Illinois, the median home value is $82,900, with a median monthly rent of $541. This places Gallatin County at #3064 nationally out of 3134 counties by median home value, and #101 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: $1,063
- Establishments: 96
- BLS QCEW, 2025
Migration Patterns
- Inflow: 1,773 (avg $68,909)
- Outflow: 1,740 (avg $69,247)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Gallatin County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 62930 | 201.3 | -3.25% | 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 Gallatin County Compares
| Metric | Gallatin County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $82,900 | $153,019 | $227,706 |
| Median Gross Rent | $541 | $867 | $968 |
| Owner Occupancy Rate | 77.4% | 75.8% | 73.3% |
| Price/Rent Ratio | 12.8 | 14.5 | 18.7 |
Market Analysis
The median home value in Gallatin County is 45.8% below the Illinois state average and 63.6% below the U.S. national average. The median rent of $541/month is 37.6% below the state average.
With a price-to-rent ratio of 12.8, buying a home in Gallatin 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.
Gallatin County has an owner-occupancy rate of 77.4%, 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 |
|---|---|---|---|
| Wyoming County | West Virginia | $82,900 | $650 |
| Claiborne County | Mississippi | $82,700 | $660 |
| Sumter County | Alabama | $82,600 | $775 |
| Webster County | Georgia | $82,600 | $658 |
| Eureka County | Nevada | $82,600 | $969 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| 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% |
| Scott County | $96,400 | $689 | 79.0% |
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).