Lawrence County, Illinois Housing Market
In Lawrence County, Illinois, the median home value is $99,100, with a median monthly rent of $836. This places Lawrence County at #2928 nationally out of 3134 counties by median home value, and #91 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: $989
- Establishments: 209
- BLS QCEW, 2025
Housing Supply
- Single-family: 67
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 5,300 (avg $61,210)
- Outflow: 5,091 (avg $61,880)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Lawrence County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 62439 | 178.9 | +6.90% | 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 Lawrence County Compares
| Metric | Lawrence County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $99,100 | $153,019 | $227,706 |
| Median Gross Rent | $836 | $867 | $968 |
| Owner Occupancy Rate | 71.8% | 75.8% | 73.3% |
| Price/Rent Ratio | 9.9 | 14.5 | 18.7 |
Market Analysis
The median home value in Lawrence County is 35.2% below the Illinois state average and 56.5% below the U.S. national average. The median rent of $836/month is 3.6% below the state average.
With a price-to-rent ratio of 9.9, buying a home in Lawrence 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.
Lawrence County has an owner-occupancy rate of 71.8%, 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 |
|---|---|---|---|
| Harper County | Oklahoma | $99,200 | $828 |
| Refugio County | Texas | $99,000 | $795 |
| Lawrence County | Arkansas | $98,900 | $697 |
| Wichita County | Kansas | $99,300 | $942 |
| Sioux County | Nebraska | $99,300 | $745 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Edwards County | $100,000 | $811 | 79.3% |
| Clay County | $97,400 | $735 | 79.3% |
| Edgar County | $97,300 | $775 | 72.7% |
| Vermilion County | $97,200 | $838 | 70.2% |
| Cass County | $97,100 | $723 | 75.9% |
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 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).