Boone County, Illinois Housing Market Prices
Boone 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 56% below the Illinois median$66,484
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Median rent 18% below the Illinois median More expensive than 86% of counties in Illinois$1,041
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Boone County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $66,484 | $149,936 | $248,835 |
| Price Trend (Annual %) | 20.6% | 2.5% | 7.5% |
| Median Gross Rent | $1,041 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Boone County is about 56% lower than in Illinois. Rent is about 18% 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 Boone County, up about 20.6% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Boone County rose about 44.2% between 2015 and 2024, from $722 to $1,041. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Boone County.
Buying the median-priced home in Boone County costs roughly 5.3 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 Boone County. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Boone County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $66,484 | $149,936 | $248,835 |
| Median Household Income | $85,291 | $84,042 | $80,455 |
| Price-to-Income Ratio | 0.8 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Boone County rose about 34.7%, while median household income rose about 34.8% between 2009 and 2025 — keeping pace with each other.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Boone County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 78.4% | 61.9% | 58.5% |
| Rental Rate | 17.5% | 30.4% | 31.2% |
| Vacancy Rate | 4.1% | 7.7% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Boone County has a homeownership rate of 78.4%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 4.1%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Boone County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.72 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1978 | 1969 | 1978 |
| Median Number of Rooms | 6.2 | 5.6 | 5.5 |
The typical housing unit in Boone County was built around 1978. On average, 2.7 people live in a home with about 6.2 rooms, staying for about 16.0 years on average.
Boone County, IL Housing Compared With Nearby Counties
Boone County, IL is the smallest of the 5 counties compared here, 53,226 residents against a local median of 223,804. Boone County, IL's median home price, at $66,484, runs 70% below the $218,111 typical of the counties around it.
Homeownership tells the same story from another angle: 81.8% against a local median of 70.9%, 15% above it. The one measure here that carries a verdict is homeownership, and at 15% above the local median it puts Boone County, IL at the better end of the local range. The counties themselves spread $212,571 on median home price, so Boone County, IL sits at one end of an already wide local range rather than apart from it. Boone County, IL has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Boone County, IL | 53,226 | $66,484 #5/5 | $1,041 #3/5 | 81.8% #2/5 |
| Winnebago County, IL | 283,258 | $106,298 | $1,021 | 65.9% |
| McHenry County, IL | 312,591 | $263,961 | $1,401 | 82.7% |
| Rock County, WI | 164,349 | $172,262 | $1,036 | 71.2% |
| Walworth County, WI | 105,657 | $318,869 | $1,149 | 70.6% |
Frequently Asked Questions
Common questions about the housing market in Boone County, Illinois.
What is the median home price in Boone County, Illinois?
The median home price in Boone County, Illinois is $66,484, lower than the Illinois average of $149,936.
What is the average home price in Boone County, Illinois?
The typical home price in Boone County, Illinois, reported as the median sale price, is $66,484. 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 Boone County, Illinois?
The median gross rent in Boone County, Illinois is $1,041 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Boone County in 2020?
In 2020, the median gross rent in Boone County, Illinois was $926 per month.
What is the price-to-rent ratio in Boone County, Illinois?
The price-to-rent ratio in Boone County, Illinois is about 5.3, meaning it would take roughly 5.3 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 Boone County.
Are home prices or rent rising faster in Boone County, Illinois?
Both home prices and rent are rising in Boone County, up about 20.6% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Boone County, Illinois?
78.4% of households in Boone County, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Boone County, Illinois?
The housing vacancy rate in Boone County, Illinois is 4.1%, lower than the Illinois average of 7.7%.
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