Shelby County, Illinois Housing Market
In Shelby County, Illinois, the median home value is $137,100, with a median monthly rent of $814. This places Shelby County at #2402 nationally out of 3134 counties by median home value, and #49 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: $991
- Establishments: 410
- BLS QCEW, 2025
Housing Supply
- Single-family: 46
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 8,778 (avg $69,997)
- Outflow: 8,554 (avg $70,173)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Shelby County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 62565 | 216.6 | -1.53% | 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 Shelby County Compares
| Metric | Shelby County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $137,100 | $153,019 | $227,706 |
| Median Gross Rent | $814 | $867 | $968 |
| Owner Occupancy Rate | 78.4% | 75.8% | 73.3% |
| Price/Rent Ratio | 14.0 | 14.5 | 18.7 |
Market Analysis
The median home value in Shelby County is 10.4% below the Illinois state average and 39.8% below the U.S. national average. The median rent of $814/month is 6.1% below the state average.
With a price-to-rent ratio of 14.0, buying a home in Shelby 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.
Shelby County has an owner-occupancy rate of 78.4%, 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 |
|---|---|---|---|
| Glades County | Florida | $137,000 | $886 |
| Toombs County | Georgia | $137,000 | $768 |
| Clearfield County | Pennsylvania | $137,000 | $791 |
| Jackson County | Illinois | $137,300 | $782 |
| Fayette County | Iowa | $136,800 | $881 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Jackson County | $137,300 | $782 | 50.0% |
| Iroquois County | $137,800 | $799 | 80.0% |
| Macoupin County | $138,200 | $801 | 78.5% |
| Randolph County | $135,100 | $780 | 76.6% |
| Stephenson County | $134,900 | $798 | 70.9% |
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 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).