Alexander County, Illinois Housing Market Prices
Alexander County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 89% below the Illinois median Among the top 3 cheapest counties in Illinois$16,926
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Median rent 49% below the Illinois median Cheaper than 93% of counties in Illinois$655
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Alexander County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $16,926 | $149,936 | $248,835 |
| Price Trend (Annual %) | 72.4% | 2.5% | 7.5% |
| Median Gross Rent | $655 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Alexander County is about 89% lower than in Illinois. Rent is about 49% lower than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Alexander County, up about 72.4% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Alexander County rose about 83.1% between 2015 and 2024, from $358 to $655. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Alexander County.
Buying the median-priced home in Alexander County costs roughly 2.2 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Alexander County. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Alexander County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $16,926 | $149,936 | $248,835 |
| Median Household Income | $48,250 | $84,042 | $80,455 |
| Price-to-Income Ratio | 0.4 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Alexander County fell about 91.8%, while median household income rose about 43.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Alexander County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.3% | 61.9% | 58.5% |
| Rental Rate | 14.5% | 30.4% | 31.2% |
| Vacancy Rate | 35.2% | 7.7% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Alexander County has a homeownership rate of 50.3%, lower than the Illinois average of 61.9%. Its housing vacancy rate is 35.2%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Alexander County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1972 | 1969 | 1978 |
| Median Number of Rooms | 5.2 | 5.6 | 5.5 |
The typical housing unit in Alexander County was built around 1972. On average, 2.5 people live in a home with about 5.2 rooms, staying for about 14.0 years on average.
Alexander County, IL Housing Compared With Nearby Counties
How Alexander County, IL compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Alexander County, IL | 4,873 | $16,926 #2/3 | $655 #3/3 | 77.6% #1/3 |
| Scott County, MO | 37,932 | $179,554 | $872 | 71.1% |
| Mississippi County, MO | 11,898 | $14,749 | $762 | 62.9% |
Frequently Asked Questions
Common questions about the housing market in Alexander County, Illinois.
What is the median home price in Alexander County, Illinois?
The median home price in Alexander County, Illinois is $16,926, lower than the Illinois average of $149,936.
What is the average home price in Alexander County, Illinois?
The typical home price in Alexander County, Illinois, reported as the median sale price, is $16,926. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Alexander County, Illinois?
The median gross rent in Alexander County, Illinois is $655 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Alexander County in 2020?
In 2020, the median gross rent in Alexander County, Illinois was $642 per month.
What is the price-to-rent ratio in Alexander County, Illinois?
The price-to-rent ratio in Alexander County, Illinois is about 2.2, meaning it would take roughly 2.2 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Alexander County.
Are home prices or rent rising faster in Alexander County, Illinois?
Both home prices and rent are rising in Alexander County, up about 72.4% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Alexander County, Illinois?
50.3% of households in Alexander County, Illinois own their home, lower than the Illinois average of 61.9%.
What is the vacancy rate in Alexander County, Illinois?
The housing vacancy rate in Alexander County, Illinois is 35.2%, higher than the Illinois average of 7.7%.
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