Grundy County, Illinois Housing Market
In Grundy County, Illinois, the median home value is $271,700, with a median monthly rent of $1,177. This places Grundy County at #771 nationally out of 3134 counties by median home value, and #9 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: $1,426
- Establishments: 1,141
- BLS QCEW, 2025
Housing Supply
- Single-family: 56
- Multi-family: 58
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 22,525 (avg $93,868)
- Outflow: 21,538 (avg $95,153)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Grundy County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 60420 | 195.9 | +14.25% | 2025 |
| 2 | 61360 | 167.2 | -7.28% | 2025 |
| 3 | 60424 | 193.9 | +10.18% | 2025 |
| 4 | 60541 | 224.4 | +8.38% | 2025 |
| 5 | 60416 | 218.0 | +8.39% | 2025 |
| 6 | 60444 | 205.4 | +10.14% | 2025 |
| 7 | 60481 | 215.9 | +9.34% | 2025 |
| 8 | 60450 | 197.6 | +5.74% | 2025 |
| 9 | 60447 | 197.1 | +6.80% | 2025 |
| 10 | 60410 | 195.4 | +3.39% | 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 Grundy County Compares
| Metric | Grundy County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $271,700 | $153,019 | $227,706 |
| Median Gross Rent | $1,177 | $867 | $968 |
| Owner Occupancy Rate | 74.4% | 75.8% | 73.3% |
| Price/Rent Ratio | 19.2 | 14.5 | 18.7 |
Market Analysis
The median home value in Grundy County is 77.6% above the Illinois state average and 19.3% above the U.S. national average. The median rent of $1,177/month is 35.8% above the state average.
With a price-to-rent ratio of 19.2, the buy-vs-rent decision in Grundy County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Grundy County has an owner-occupancy rate of 74.4%, 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 |
|---|---|---|---|
| Saunders County | Nebraska | $271,700 | $960 |
| Stark County | North Dakota | $271,700 | $960 |
| Jerome County | Idaho | $271,800 | $966 |
| Greene County | New York | $271,600 | $1,004 |
| Polk County | Wisconsin | $271,900 | $957 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Monroe County | $282,100 | $1,042 | 84.7% |
| DeKalb County | $243,600 | $1,049 | 61.4% |
| McHenry County | $308,100 | $1,401 | 82.7% |
| Will County | $319,600 | $1,462 | 82.8% |
| Kendall County | $322,400 | $1,781 | 84.0% |
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).