Knox County, Illinois Housing Market
In Knox County, Illinois, the median home value is $111,900, with a median monthly rent of $788. This places Knox County at #2770 nationally out of 3134 counties by median home value, and #76 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: $927
- Establishments: 888
- BLS QCEW, 2025
Housing Supply
- Single-family: 1
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 19,720 (avg $63,442)
- Outflow: 19,027 (avg $63,864)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 6 active ZIP codes in Knox County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 61448 | 150.5 | -16.45% | 2025 |
| 2 | 61401 | 167.4 | +6.81% | 2025 |
| 3 | 61410 | 162.6 | +1.77% | 2025 |
| 4 | 61529 | 190.3 | +9.67% | 2025 |
| 5 | 61428 | 208.6 | — | 2024 |
| 6 | 61488 | 168.2 | +8.57% | 2023 |
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 Knox County Compares
| Metric | Knox County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $111,900 | $153,019 | $227,706 |
| Median Gross Rent | $788 | $867 | $968 |
| Owner Occupancy Rate | 70.8% | 75.8% | 73.3% |
| Price/Rent Ratio | 11.8 | 14.5 | 18.7 |
Market Analysis
The median home value in Knox County is 26.9% below the Illinois state average and 50.9% below the U.S. national average. The median rent of $788/month is 9.1% below the state average.
With a price-to-rent ratio of 11.8, buying a home in Knox 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.
Knox County has an owner-occupancy rate of 70.8%, 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 |
|---|---|---|---|
| Richland County | Illinois | $112,000 | $805 |
| Pike County | Kentucky | $112,000 | $858 |
| Luce County | Michigan | $112,000 | $675 |
| New Madrid County | Missouri | $111,800 | $729 |
| Hampton County | South Carolina | $112,000 | $843 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Richland County | $112,000 | $805 | 73.8% |
| Montgomery County | $112,300 | $723 | 77.4% |
| Perry County | $112,600 | $728 | 80.9% |
| Wayne County | $110,700 | $657 | 78.4% |
| Hamilton County | $113,700 | $568 | 76.4% |
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).