Winnebago County, Illinois Housing Market
In Winnebago County, Illinois, the median home value is $164,500, with a median monthly rent of $1,021. This places Winnebago County at #1913 nationally out of 3134 counties by median home value, and #29 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: $1,177
- Establishments: 5,671
- BLS QCEW, 2025
Housing Supply
- Single-family: 309
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 117,689 (avg $69,526)
- Outflow: 114,240 (avg $70,362)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 7 active ZIP codes in Winnebago County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 61104 | 199.9 | +15.78% | 2025 |
| 2 | 61101 | 195.3 | +13.60% | 2025 |
| 3 | 61103 | 180.8 | +7.32% | 2025 |
| 4 | 61108 | 198.3 | +7.98% | 2025 |
| 5 | 61024 | 190.4 | +7.78% | 2025 |
| 6 | 61115 | 201.6 | +6.06% | 2025 |
| 7 | 61072 | 204.7 | +5.87% | 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 Winnebago County Compares
| Metric | Winnebago County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $164,500 | $153,019 | $227,706 |
| Median Gross Rent | $1,021 | $867 | $968 |
| Owner Occupancy Rate | 65.9% | 75.8% | 73.3% |
| Price/Rent Ratio | 13.4 | 14.5 | 18.7 |
Market Analysis
The median home value in Winnebago County is 7.5% above the Illinois state average and 27.8% below the U.S. national average. The median rent of $1,021/month is 17.8% above the state average.
With a price-to-rent ratio of 13.4, buying a home in Winnebago 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.
Winnebago County has an owner-occupancy rate of 65.9%, compared to 75.8% in Illinois and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Iberia Parish | Louisiana | $164,500 | $897 |
| Marshall County | Minnesota | $164,500 | $690 |
| Tyrrell County | North Carolina | $164,500 | $644 |
| Caswell County | North Carolina | $164,500 | $727 |
| Marshall County | Oklahoma | $164,500 | $824 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Adams County | $162,600 | $828 | 72.1% |
| LaSalle County | $161,900 | $928 | 74.4% |
| Tazewell County | $167,500 | $909 | 78.4% |
| Johnson County | $160,500 | $781 | 82.0% |
| Peoria County | $158,500 | $993 | 67.0% |
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).