Hamilton County, Illinois Housing Market
In Hamilton County, Illinois, the median home value is $113,700, with a median monthly rent of $568. This places Hamilton County at #2745 nationally out of 3134 counties by median home value, and #72 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: $1,144
- Establishments: 176
- BLS QCEW, 2025
Migration Patterns
- Inflow: 3,164 (avg $66,220)
- Outflow: 3,044 (avg $66,628)
- IRS Statistics of Income
📝 Editor's Insight
None
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Hamilton County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Hamilton County →How Hamilton County Compares
| Metric | Hamilton County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $113,700 | $153,019 | $227,706 |
| Median Gross Rent | $568 | $867 | $968 |
| Owner Occupancy Rate | 76.4% | 75.8% | 73.3% |
| Price/Rent Ratio | 16.7 | 14.5 | 18.7 |
Market Analysis
The median home value in Hamilton County is 25.7% below the Illinois state average and 50.1% below the U.S. national average. The median rent of $568/month is 34.5% below the state average.
With a price-to-rent ratio of 16.7, the buy-vs-rent decision in Hamilton County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Hamilton County has an owner-occupancy rate of 76.4%, 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 |
|---|---|---|---|
| Fulton County | Arkansas | $113,800 | $626 |
| Hancock County | Illinois | $113,800 | $782 |
| Bourbon County | Kansas | $113,800 | $752 |
| Scurry County | Texas | $113,800 | $1,020 |
| Little River County | Arkansas | $113,500 | $697 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Hancock County | $113,800 | $782 | 81.3% |
| Carroll County | $114,500 | $818 | 77.2% |
| Perry County | $112,600 | $728 | 80.9% |
| Montgomery County | $112,300 | $723 | 77.4% |
| Richland County | $112,000 | $805 | 73.8% |
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).