McLean County, Illinois Housing Market
In McLean County, Illinois, the median home value is $208,400, with a median monthly rent of $1,009. This places McLean County at #1319 nationally out of 3134 counties by median home value, and #14 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: $1,360
- Establishments: 3,244
- BLS QCEW, 2025
Housing Supply
- Single-family: 205
- Multi-family: 64
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 67,475 (avg $96,321)
- Outflow: 64,173 (avg $97,602)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in McLean County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 61732 | 201.6 | +11.85% | 2025 |
| 2 | 61753 | 184.7 | +4.81% | 2025 |
| 3 | 61748 | 202.7 | +7.00% | 2025 |
| 4 | 61738 | 198.7 | +6.23% | 2025 |
| 5 | 61761 | 195.6 | +6.71% | 2025 |
| 6 | 61701 | 190.2 | +3.70% | 2025 |
| 7 | 61704 | 184.2 | +3.41% | 2025 |
| 8 | 61705 | 171.6 | +4.03% | 2025 |
| 9 | 61854 | 213.1 | -2.76% | 2025 |
| 10 | 61770 | 139.6 | — | 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.
📝 Editor's Insight
None
How McLean County Compares
| Metric | McLean County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $208,400 | $153,019 | $227,706 |
| Median Gross Rent | $1,009 | $867 | $968 |
| Owner Occupancy Rate | 65.1% | 75.8% | 73.3% |
| Price/Rent Ratio | 17.2 | 14.5 | 18.7 |
Market Analysis
The median home value in McLean County is 36.2% above the Illinois state average and 8.5% below the U.S. national average. The median rent of $1,009/month is 16.4% above the state average.
With a price-to-rent ratio of 17.2, the buy-vs-rent decision in McLean County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
McLean County has an owner-occupancy rate of 65.1%, 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 |
|---|---|---|---|
| Stutsman County | North Dakota | $208,400 | $774 |
| Madison County | Nebraska | $208,500 | $881 |
| Fulton County | Pennsylvania | $208,500 | $809 |
| Benton County | Iowa | $208,200 | $826 |
| Dodge County | Nebraska | $208,600 | $1,060 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Jo Daviess County | $209,900 | $825 | 80.4% |
| Champaign County | $211,500 | $1,051 | 54.0% |
| Boone County | $216,900 | $1,041 | 81.8% |
| Woodford County | $197,600 | $912 | 85.7% |
| Kankakee County | $192,600 | $1,097 | 69.9% |
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 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).