Housing Market Overview
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 Map: Nearby Counties
Housing Market Overview
| Metric | Calhoun County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $86,254 | $162,405 | $242,182 |
| Price Trend (Annual %) | 12.7% | 3.9% | 8.2% |
| Median Gross Rent | $478 | $1,226 | $1,342 |
| Rent Trend (Annual %) | -1.5% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Calhoun County is about 47% lower than in Illinois. Rent is about 61% lower than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Calhoun County: home prices rose about 12.7% a year while rent fell about 1.5% a year. That is an unusual pattern worth watching.
Median rent in Calhoun County fell about 18.9% between 2015 and 2023, from $590 to $478. Over the same span, rent in Illinois rose about 35.1%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Calhoun County.
Buying the median-priced home in Calhoun County costs roughly 15.0 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Calhoun County. The price-to-rent ratio in Illinois is about 11.0.
| Metric | Calhoun County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $86,254 | $162,405 | $242,182 |
| Median Household Income | $92,179 | $82,179 | $78,145 |
| Price-to-Income Ratio | 0.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Calhoun County rose about 115.6%, while median household income rose about 113.4% between 2009 and 2023 — 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 | Calhoun County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.4% | 61.4% | 58.2% |
| Rental Rate | 5.8% | 30.5% | 31.3% |
| Vacancy Rate | 46.8% | 8.1% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Calhoun County has a homeownership rate of 47.4%, lower than the Illinois average of 61.4%. Its housing vacancy rate is 46.8%, compared with 8.1% in Illinois.
Housing Stock
| Metric | Calhoun County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.52 people | 2.48 people | 2.54 people |
| Median Structure Built Year | 1978 | 1968 | 1978 |
| Median Number of Rooms | 5.7 | 5.6 | 5.5 |
The typical housing unit in Calhoun County was built around 1978. On average, 3.5 people live in a home with about 5.7 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Calhoun County, Illinois.
What is the median home price in Calhoun County, Illinois?
The median home price in Calhoun County, Illinois is $86,254, lower than the Illinois average of $162,405.
What is the average home price in Calhoun County, Illinois?
The typical home price in %s, reported as the median sale price, is %s. 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 Calhoun County, Illinois?
The median gross rent in Calhoun County, Illinois is $478 per month, lower than the Illinois average of $1,226.
What was the median gross rent in Calhoun County in 2020?
In 2020, the median gross rent in Calhoun County, Illinois was $546 per month.
What is the price-to-rent ratio in Calhoun County, Illinois?
The price-to-rent ratio in Calhoun County, Illinois is about 15.0, meaning it would take roughly 15.0 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Calhoun County.
Are home prices or rent rising faster in Calhoun County, Illinois?
Home prices and rent are moving in opposite directions in Calhoun County: home prices rose about 12.7% a year while rent fell about 1.5% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Calhoun County, Illinois?
47.4% of households in Calhoun County, Illinois own their home, lower than the Illinois average of 61.4%.
What is the vacancy rate in Calhoun County, Illinois?
The housing vacancy rate in Calhoun County, Illinois is 46.8%, higher than the Illinois average of 8.1%.