Belleville, Illinois Housing Market Prices
Belleville 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 9% below the Illinois median$136,026
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Median rent 23% below the Illinois median$981
Housing Market Overview
| Metric | Belleville | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $136,026 | $149,936 | $248,835 |
| Price Trend (Annual %) | 9.1% | 2.5% | 7.5% |
| Median Gross Rent | $981 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Belleville is about 9% lower than in Illinois. Rent is about 23% 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 Belleville, up about 9.1% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Belleville rose about 31.6% between 2015 and 2024, from $746 to $981. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Belleville.
Buying the median-priced home in Belleville costs roughly 11.6 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 Belleville. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Belleville | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $136,026 | $149,936 | $248,835 |
| Median Household Income | $62,181 | $84,042 | $80,455 |
| Price-to-Income Ratio | 2.2 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Belleville rose about 57.9%, while median household income rose about 29.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Belleville | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.3% | 61.9% | 58.5% |
| Rental Rate | 32.5% | 30.4% | 31.2% |
| Vacancy Rate | 12.2% | 7.7% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Belleville has a homeownership rate of 55.3%, lower than the Illinois average of 61.9%. Its housing vacancy rate is 12.2%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Belleville | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.23 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1960 | 1969 | 1978 |
| Median Number of Rooms | 5.6 | 5.6 | 5.5 |
The typical housing unit in Belleville was built around 1960. On average, 2.2 people live in a home with about 5.6 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Belleville, Illinois.
What is the median home price in Belleville, Illinois?
The median home price in Belleville, Illinois is $136,026, lower than the Illinois average of $149,936.
What is the average home price in Belleville, Illinois?
The typical home price in Belleville, Illinois, reported as the median sale price, is $136,026. 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 Belleville, Illinois?
The median gross rent in Belleville, Illinois is $981 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Belleville in 2020?
In 2020, the median gross rent in Belleville, Illinois was $796 per month.
What is the price-to-rent ratio in Belleville, Illinois?
The price-to-rent ratio in Belleville, Illinois is about 11.6, meaning it would take roughly 11.6 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 Belleville.
Are home prices or rent rising faster in Belleville, Illinois?
Both home prices and rent are rising in Belleville, up about 9.1% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Belleville, Illinois?
55.3% of households in Belleville, Illinois own their home, lower than the Illinois average of 61.9%.
What is the vacancy rate in Belleville, Illinois?
The housing vacancy rate in Belleville, Illinois is 12.2%, higher than the Illinois average of 7.7%.
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