Bond County, Illinois Housing Market Prices
Bond 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.
-
Median home price 71% below the Illinois median Cheaper than 85% of counties in Illinois$43,333
-
Median rent 38% below the Illinois median$784
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Bond County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $43,333 | $149,936 | $248,835 |
| Price Trend (Annual %) | 93.2% | 2.5% | 7.5% |
| Median Gross Rent | $784 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 2.2% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bond County is about 71% lower than in Illinois. Rent is about 38% 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 Bond County, up about 93.2% and 2.2% a year respectively. Home prices are changing faster.
Median rent in Bond County rose about 29.0% between 2015 and 2024, from $608 to $784. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 0.6 yearly household incomes in Bond County.
Buying the median-priced home in Bond County costs roughly 4.6 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 Bond County. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Bond County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $43,333 | $149,936 | $248,835 |
| Median Household Income | $67,347 | $84,042 | $80,455 |
| Price-to-Income Ratio | 0.6 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Bond County fell about 6.0%, while median household income rose about 31.5% 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 | Bond County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.3% | 61.9% | 58.5% |
| Rental Rate | 20.8% | 30.4% | 31.2% |
| Vacancy Rate | 10.9% | 7.7% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Bond County has a homeownership rate of 68.3%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 10.9%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Bond County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1975 | 1969 | 1978 |
| Median Number of Rooms | 5.6 | 5.6 | 5.5 |
The typical housing unit in Bond County was built around 1975. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 16.0 years on average.
Bond County, IL Housing Compared With Nearby Counties
How Bond County, IL compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Bond County, IL | 16,715 | $43,333 #3/3 | $784 #2/3 | 76.6% #2/3 |
| Montgomery County, IL | 27,942 | $166,353 | $723 | 77.4% |
| Madison County, IL | 264,024 | $116,579 | $1,024 | 74.2% |
Frequently Asked Questions
Common questions about the housing market in Bond County, Illinois.
What is the median home price in Bond County, Illinois?
The median home price in Bond County, Illinois is $43,333, lower than the Illinois average of $149,936.
What is the average home price in Bond County, Illinois?
The typical home price in Bond County, Illinois, reported as the median sale price, is $43,333. 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 Bond County, Illinois?
The median gross rent in Bond County, Illinois is $784 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Bond County in 2020?
In 2020, the median gross rent in Bond County, Illinois was $603 per month.
What is the price-to-rent ratio in Bond County, Illinois?
The price-to-rent ratio in Bond County, Illinois is about 4.6, meaning it would take roughly 4.6 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 Bond County.
Are home prices or rent rising faster in Bond County, Illinois?
Both home prices and rent are rising in Bond County, up about 93.2% and 2.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bond County, Illinois?
68.3% of households in Bond County, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Bond County, Illinois?
The housing vacancy rate in Bond County, Illinois is 10.9%, higher than the Illinois average of 7.7%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →