Lee County, Illinois Housing Market
In Lee County, Illinois, the median home value is $154,600, with a median monthly rent of $894. This places Lee County at #2151 nationally out of 3134 counties by median home value, and #36 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: $1,150
- Establishments: 620
- BLS QCEW, 2025
Housing Supply
- Single-family: 24
- Multi-family: 8
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 14,085 (avg $73,474)
- Outflow: 13,578 (avg $74,071)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 8 active ZIP codes in Lee County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 61353 | 189.0 | — | 2025 |
| 2 | 61006 | 182.3 | +14.73% | 2025 |
| 3 | 61021 | 195.9 | +10.22% | 2025 |
| 4 | 61081 | 185.0 | +5.30% | 2025 |
| 5 | 61071 | 172.0 | +3.57% | 2025 |
| 6 | 61310 | 173.0 | +2.55% | 2025 |
| 7 | 61031 | 175.5 | +22.78% | 2023 |
| 8 | 60553 | 136.4 | +9.43% | 2021 |
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 Lee County Compares
| Metric | Lee County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $154,600 | $153,019 | $227,706 |
| Median Gross Rent | $894 | $867 | $968 |
| Owner Occupancy Rate | 73.6% | 75.8% | 73.3% |
| Price/Rent Ratio | 14.4 | 14.5 | 18.7 |
Market Analysis
The median home value in Lee County is 1.0% above the Illinois state average and 32.1% below the U.S. national average. The median rent of $894/month is 3.1% above the state average.
With a price-to-rent ratio of 14.4, buying a home in Lee 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.
Lee County has an owner-occupancy rate of 73.6%, 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 |
|---|---|---|---|
| Valley County | Nebraska | $154,600 | $626 |
| Laurens County | Georgia | $154,500 | $863 |
| Yellow Medicine County | Minnesota | $154,700 | $678 |
| McDonald County | Missouri | $154,700 | $767 |
| Mahoning County | Ohio | $154,700 | $791 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Washington County | $155,700 | $818 | 84.1% |
| Williamson County | $156,400 | $930 | 70.7% |
| Henry County | $151,600 | $842 | 79.9% |
| Peoria County | $158,500 | $993 | 67.0% |
| Rock Island County | $150,400 | $889 | 69.7% |
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).