McDonough County, Illinois Housing Market
In McDonough County, Illinois, the median home value is $107,500, with a median monthly rent of $761. This places McDonough County at #2825 nationally out of 3134 counties by median home value, and #80 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: $853
- Establishments: 486
- BLS QCEW, 2025
Housing Supply
- Single-family: 1
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 10,199 (avg $66,341)
- Outflow: 9,515 (avg $67,766)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in McDonough County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 61455 | 160.4 | +2.15% | 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 McDonough County Compares
| Metric | McDonough County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $107,500 | $153,019 | $227,706 |
| Median Gross Rent | $761 | $867 | $968 |
| Owner Occupancy Rate | 63.5% | 75.8% | 73.3% |
| Price/Rent Ratio | 11.8 | 14.5 | 18.7 |
Market Analysis
The median home value in McDonough County is 29.7% below the Illinois state average and 52.8% below the U.S. national average. The median rent of $761/month is 12.2% below the state average.
With a price-to-rent ratio of 11.8, buying a home in McDonough 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.
McDonough County has an owner-occupancy rate of 63.5%, 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 |
|---|---|---|---|
| Blackford County | Indiana | $107,500 | $699 |
| Marengo County | Alabama | $107,400 | $716 |
| Dooly County | Georgia | $107,400 | $758 |
| Allen County | Kansas | $107,600 | $720 |
| Wayne County | Missouri | $107,400 | $665 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Fulton County | $107,200 | $785 | 76.6% |
| White County | $108,100 | $719 | 77.1% |
| Schuyler County | $109,700 | $853 | 79.4% |
| Warren County | $105,000 | $788 | 75.2% |
| Wabash County | $104,900 | $794 | 76.3% |
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).