Pike County, Illinois Housing Market
In Pike County, Illinois, the median home value is $101,400, with a median monthly rent of $676. This places Pike County at #2902 nationally out of 3134 counties by median home value, and #89 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: $953
- Establishments: 364
- BLS QCEW, 2025
Housing Supply
- Single-family: 11
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 5,818 (avg $66,485)
- Outflow: 5,578 (avg $67,233)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Pike County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 62363 | 164.5 | -6.89% | 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 Pike County Compares
| Metric | Pike County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $101,400 | $153,019 | $227,706 |
| Median Gross Rent | $676 | $867 | $968 |
| Owner Occupancy Rate | 77.7% | 75.8% | 73.3% |
| Price/Rent Ratio | 12.5 | 14.5 | 18.7 |
Market Analysis
The median home value in Pike County is 33.7% below the Illinois state average and 55.5% below the U.S. national average. The median rent of $676/month is 22.0% below the state average.
With a price-to-rent ratio of 12.5, buying a home in Pike 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.
Pike County has an owner-occupancy rate of 77.7%, 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 |
|---|---|---|---|
| Bacon County | Georgia | $101,400 | $743 |
| Knox County | Missouri | $101,400 | $666 |
| Norton County | Kansas | $101,500 | $609 |
| Alfalfa County | Oklahoma | $101,500 | $705 |
| Shelby County | Texas | $101,500 | $781 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Edwards County | $100,000 | $811 | 79.3% |
| Marion County | $103,000 | $794 | 74.7% |
| Mason County | $103,400 | $802 | 81.8% |
| Lawrence County | $99,100 | $836 | 71.8% |
| Hardin County | $103,800 | $379 | 79.5% |
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).