Union County, Illinois Housing Market
In Union County, Illinois, the median home value is $131,700, with a median monthly rent of $648. This places Union County at #2470 nationally out of 3134 counties by median home value, and #55 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: $806
- Establishments: 281
- BLS QCEW, 2025
Housing Supply
- Single-family: 10
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,478 (avg $62,743)
- Outflow: 6,223 (avg $63,294)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Union County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 62906 | 152.6 | -2.64% | 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.
📝 Editor's Insight
None
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Union County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Union County →How Union County Compares
| Metric | Union County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $131,700 | $153,019 | $227,706 |
| Median Gross Rent | $648 | $867 | $968 |
| Owner Occupancy Rate | 77.4% | 75.8% | 73.3% |
| Price/Rent Ratio | 16.9 | 14.5 | 18.7 |
Market Analysis
The median home value in Union County is 13.9% below the Illinois state average and 42.2% below the U.S. national average. The median rent of $648/month is 25.3% below the state average.
With a price-to-rent ratio of 16.9, the buy-vs-rent decision in Union County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Union County has an owner-occupancy rate of 77.4%, 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 |
|---|---|---|---|
| Nemaha County | Nebraska | $131,700 | $772 |
| Berrien County | Georgia | $131,600 | $782 |
| Adams County | Iowa | $131,600 | $893 |
| Whitley County | Kentucky | $131,800 | $798 |
| Pawnee County | Oklahoma | $131,500 | $864 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Clark County | $132,400 | $861 | 80.3% |
| Morgan County | $130,800 | $722 | 72.8% |
| Fayette County | $130,700 | $798 | 80.6% |
| De Witt County | $130,300 | $903 | 78.5% |
| Moultrie County | $134,000 | $804 | 76.0% |
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).