Perry County, Illinois Housing Market
In Perry County, Illinois, the median home value is $112,600, with a median monthly rent of $728. This places Perry County at #2759 nationally out of 3134 counties by median home value, and #73 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: $850
- Establishments: 294
- BLS QCEW, 2025
Housing Supply
- Single-family: 23
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 7,446 (avg $61,587)
- Outflow: 7,212 (avg $62,163)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Perry County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 62263 | 185.7 | — | 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 Perry County Compares
| Metric | Perry County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $112,600 | $153,019 | $227,706 |
| Median Gross Rent | $728 | $867 | $968 |
| Owner Occupancy Rate | 80.9% | 75.8% | 73.3% |
| Price/Rent Ratio | 12.9 | 14.5 | 18.7 |
Market Analysis
The median home value in Perry County is 26.4% below the Illinois state average and 50.6% below the U.S. national average. The median rent of $728/month is 16.0% below the state average.
With a price-to-rent ratio of 12.9, buying a home in Perry 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.
Perry County has an owner-occupancy rate of 80.9%, 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 |
|---|---|---|---|
| Smith County | Mississippi | $112,600 | $664 |
| Washington County | Georgia | $112,500 | $858 |
| Ben Hill County | Georgia | $112,700 | $688 |
| Union Parish | Louisiana | $112,500 | $778 |
| Grundy County | Missouri | $112,500 | $696 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Montgomery County | $112,300 | $723 | 77.4% |
| Richland County | $112,000 | $805 | 73.8% |
| Knox County | $111,900 | $788 | 70.8% |
| Hamilton County | $113,700 | $568 | 76.4% |
| Hancock County | $113,800 | $782 | 81.3% |
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).