Menard County, Illinois Housing Market
In Menard County, Illinois, the median home value is $185,500, with a median monthly rent of $885. This places Menard County at #1563 nationally out of 3134 counties by median home value, and #21 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: $826
- Establishments: 208
- BLS QCEW, 2025
Housing Supply
- Single-family: 11
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 5,215 (avg $84,074)
- Outflow: 5,031 (avg $84,842)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Menard County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 62677 | 224.9 | +6.61% | 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 Menard County Compares
| Metric | Menard County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $185,500 | $153,019 | $227,706 |
| Median Gross Rent | $885 | $867 | $968 |
| Owner Occupancy Rate | 79.5% | 75.8% | 73.3% |
| Price/Rent Ratio | 17.5 | 14.5 | 18.7 |
Market Analysis
The median home value in Menard County is 21.2% above the Illinois state average and 18.5% below the U.S. national average. The median rent of $885/month is 2.1% above the state average.
With a price-to-rent ratio of 17.5, the buy-vs-rent decision in Menard County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Menard County has an owner-occupancy rate of 79.5%, 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 |
|---|---|---|---|
| Montcalm County | Michigan | $185,500 | $869 |
| Murray County | Minnesota | $185,400 | $810 |
| Burke County | North Carolina | $185,400 | $884 |
| Tuscarawas County | Ohio | $185,400 | $908 |
| Washington County | Ohio | $185,600 | $852 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Ogle County | $189,200 | $936 | 75.4% |
| Effingham County | $189,500 | $733 | 78.2% |
| Piatt County | $180,600 | $1,046 | 84.8% |
| St. Clair County | $180,300 | $1,090 | 68.4% |
| Calhoun County | $190,900 | $583 | 88.7% |
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).