Piatt County, Illinois Housing Market
In Piatt County, Illinois, the median home value is $180,600, with a median monthly rent of $1,046. This places Piatt County at #1629 nationally out of 3134 counties by median home value, and #22 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: $1,022
- Establishments: 337
- BLS QCEW, 2025
Housing Supply
- Single-family: 31
- Multi-family: 8
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 7,032 (avg $89,522)
- Outflow: 6,787 (avg $89,202)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Piatt County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 61813 | 209.9 | -17.49% | 2025 |
| 2 | 61856 | 204.5 | +6.49% | 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 Piatt County Compares
| Metric | Piatt County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $180,600 | $153,019 | $227,706 |
| Median Gross Rent | $1,046 | $867 | $968 |
| Owner Occupancy Rate | 84.8% | 75.8% | 73.3% |
| Price/Rent Ratio | 14.4 | 14.5 | 18.7 |
Market Analysis
The median home value in Piatt County is 18.0% above the Illinois state average and 20.7% below the U.S. national average. The median rent of $1,046/month is 20.6% above the state average.
With a price-to-rent ratio of 14.4, buying a home in Piatt 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.
Piatt County has an owner-occupancy rate of 84.8%, 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 |
|---|---|---|---|
| Clinton County | New York | $180,600 | $1,003 |
| Murray County | Georgia | $180,700 | $857 |
| Greenwood County | South Carolina | $180,500 | $898 |
| Wheatland County | Montana | $180,800 | $730 |
| El Paso County | Texas | $180,400 | $1,079 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| St. Clair County | $180,300 | $1,090 | 68.4% |
| Sangamon County | $176,300 | $983 | 71.3% |
| Menard County | $185,500 | $885 | 79.5% |
| Madison County | $173,000 | $1,024 | 74.2% |
| Putnam County | $172,700 | $851 | 81.5% |
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).