Iroquois County, Illinois Housing Market
In Iroquois County, Illinois, the median home value is $137,800, with a median monthly rent of $799. This places Iroquois County at #2394 nationally out of 3134 counties by median home value, and #47 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: 552
- BLS QCEW, 2025
Housing Supply
- Single-family: 14
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 11,349 (avg $69,781)
- Outflow: 10,940 (avg $70,165)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 5 active ZIP codes in Iroquois County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 60922 | 209.1 | — | 2025 |
| 2 | 60942 | 166.4 | -4.62% | 2025 |
| 3 | 60927 | 213.5 | +15.52% | 2025 |
| 4 | 60964 | 188.7 | +4.87% | 2025 |
| 5 | 60970 | 162.0 | +0.85% | 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.
📝 Editor's Insight
None
How Iroquois County Compares
| Metric | Iroquois County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $137,800 | $153,019 | $227,706 |
| Median Gross Rent | $799 | $867 | $968 |
| Owner Occupancy Rate | 80.0% | 75.8% | 73.3% |
| Price/Rent Ratio | 14.4 | 14.5 | 18.7 |
Market Analysis
The median home value in Iroquois County is 9.9% below the Illinois state average and 39.5% below the U.S. national average. The median rent of $799/month is 7.8% below the state average.
With a price-to-rent ratio of 14.4, buying a home in Iroquois 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.
Iroquois County has an owner-occupancy rate of 80.0%, 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 |
|---|---|---|---|
| Nowata County | Oklahoma | $137,800 | $811 |
| Knox County | Indiana | $137,700 | $796 |
| Steuben County | New York | $137,900 | $894 |
| Chenango County | New York | $137,900 | $875 |
| Scioto County | Ohio | $137,900 | $742 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Macoupin County | $138,200 | $801 | 78.5% |
| Jackson County | $137,300 | $782 | 50.0% |
| Shelby County | $137,100 | $814 | 78.4% |
| Randolph County | $135,100 | $780 | 76.6% |
| Stephenson County | $134,900 | $798 | 70.9% |
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 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).