Marion County, Illinois Housing Market
In Marion County, Illinois, the median home value is $103,000, with a median monthly rent of $794. This places Marion County at #2884 nationally out of 3134 counties by median home value, and #88 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: $1,003
- Establishments: 712
- BLS QCEW, 2025
Housing Supply
- Single-family: 4
- Multi-family: 8
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 15,029 (avg $61,460)
- Outflow: 14,498 (avg $61,978)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Marion County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 62881 | 225.3 | +12.47% | 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 Marion County Compares
| Metric | Marion County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $103,000 | $153,019 | $227,706 |
| Median Gross Rent | $794 | $867 | $968 |
| Owner Occupancy Rate | 74.7% | 75.8% | 73.3% |
| Price/Rent Ratio | 10.8 | 14.5 | 18.7 |
Market Analysis
The median home value in Marion County is 32.7% below the Illinois state average and 54.8% below the U.S. national average. The median rent of $794/month is 8.4% below the state average.
With a price-to-rent ratio of 10.8, buying a home in Marion 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.
Marion County has an owner-occupancy rate of 74.7%, 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 |
|---|---|---|---|
| Poinsett County | Arkansas | $103,000 | $619 |
| Gray County | Texas | $102,900 | $933 |
| Baylor County | Texas | $103,100 | $581 |
| Newton County | Texas | $103,100 | $1,001 |
| Chattahoochee County | Georgia | $102,700 | $1,348 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Mason County | $103,400 | $802 | 81.8% |
| Hardin County | $103,800 | $379 | 79.5% |
| Henderson County | $104,400 | $764 | 81.1% |
| Stark County | $104,500 | $735 | 80.1% |
| Pike County | $101,400 | $676 | 77.7% |
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).