Woodford County, Illinois Housing Market
In Woodford County, Illinois, the median home value is $197,600, with a median monthly rent of $912. This places Woodford County at #1424 nationally out of 3134 counties by median home value, and #15 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: $1,138
- Establishments: 737
- BLS QCEW, 2025
Housing Supply
- Single-family: 30
- Multi-family: 9
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 15,569 (avg $105,065)
- Outflow: 14,922 (avg $106,409)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Woodford County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 61561 | 188.9 | +14.91% | 2025 |
| 2 | 61548 | 187.2 | +1.52% | 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 Woodford County Compares
| Metric | Woodford County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $197,600 | $153,019 | $227,706 |
| Median Gross Rent | $912 | $867 | $968 |
| Owner Occupancy Rate | 85.7% | 75.8% | 73.3% |
| Price/Rent Ratio | 18.1 | 14.5 | 18.7 |
Market Analysis
The median home value in Woodford County is 29.1% above the Illinois state average and 13.2% below the U.S. national average. The median rent of $912/month is 5.2% above the state average.
With a price-to-rent ratio of 18.1, the buy-vs-rent decision in Woodford County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Woodford County has an owner-occupancy rate of 85.7%, 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 |
|---|---|---|---|
| Wells County | Indiana | $197,600 | $813 |
| Phillips County | Montana | $197,600 | $536 |
| St. Louis city | Missouri | $197,500 | $997 |
| Richland County | Wisconsin | $197,500 | $771 |
| Saline County | Nebraska | $197,400 | $914 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Kankakee County | $192,600 | $1,097 | 69.9% |
| Clinton County | $192,400 | $912 | 80.3% |
| Calhoun County | $190,900 | $583 | 88.7% |
| Effingham County | $189,500 | $733 | 78.2% |
| Ogle County | $189,200 | $936 | 75.4% |
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).