Coles County, Illinois Housing Market Prices
Coles 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 403% above the Illinois median Most expensive county in Illinois$754,281
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Median rent 39% below the Illinois median Cheaper than 72% of counties in Illinois$779
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Coles County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $754,281 | $149,936 | $248,835 |
| Price Trend (Annual %) | 91.7% | 2.5% | 7.5% |
| Median Gross Rent | $779 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 2.6% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Coles County is about 403% higher than in Illinois. Rent is about 39% 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 Coles County, up about 91.7% and 2.6% a year respectively. Home prices are changing faster.
Median rent in Coles County rose about 24.6% between 2015 and 2024, from $626 to $779. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 13.3 yearly household incomes in Coles County.
Buying the median-priced home in Coles County costs roughly 80.7 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Coles County. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Coles County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $754,281 | $149,936 | $248,835 |
| Median Household Income | $56,802 | $84,042 | $80,455 |
| Price-to-Income Ratio | 13.3 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Coles County rose about 1312.9%, while median household income rose about 54.7% 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 | Coles County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.4% | 61.9% | 58.5% |
| Rental Rate | 36.4% | 30.4% | 31.2% |
| Vacancy Rate | 8.2% | 7.7% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Coles County has a homeownership rate of 55.4%, lower than the Illinois average of 61.9%. Its housing vacancy rate is 8.2%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Coles County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.06 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1967 | 1969 | 1978 |
| Median Number of Rooms | 5.5 | 5.6 | 5.5 |
The typical housing unit in Coles County was built around 1967. On average, 2.1 people live in a home with about 5.5 rooms, staying for about 15.0 years on average.
Coles County, IL Housing Compared With Nearby Counties
Coles County, IL is the largest of the 4 counties compared here, 46,775 residents against a local median of 16,531. Coles County, IL's median home price, at $754,281, runs more than 4 times the $159,581 typical of the counties around it.
Homeownership tells the same story from another angle: 60.4% against a local median of 76.9%, 21% below it. The one measure here that carries a verdict is homeownership, and at 21% below the local median it puts Coles County, IL at the weaker end of the local range. The counties themselves sit within $116,550 of each other on median home price, a tighter band than the gap between any of them and Coles County, IL, which makes it a genuine outlier here rather than one end of a wide local spread. Coles County, IL has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Coles County, IL | 46,775 | $754,281 #1/4 | $779 #3/4 | 60.4% #4/4 |
| Douglas County, IL | 19,749 | $54,642 | $847 | 76.9% |
| Clark County, IL | 15,265 | $171,192 | $860 | 80.3% |
| Edgar County, IL | 16,531 | $159,581 | $775 | 72.7% |
Frequently Asked Questions
Common questions about the housing market in Coles County, Illinois.
What is the median home price in Coles County, Illinois?
The median home price in Coles County, Illinois is $754,281, higher than the Illinois average of $149,936.
What is the average home price in Coles County, Illinois?
The typical home price in Coles County, Illinois, reported as the median sale price, is $754,281. 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 Coles County, Illinois?
The median gross rent in Coles County, Illinois is $779 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Coles County in 2020?
In 2020, the median gross rent in Coles County, Illinois was $677 per month.
What is the price-to-rent ratio in Coles County, Illinois?
The price-to-rent ratio in Coles County, Illinois is about 80.7, meaning it would take roughly 80.7 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Coles County.
Are home prices or rent rising faster in Coles County, Illinois?
Both home prices and rent are rising in Coles County, up about 91.7% and 2.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Coles County, Illinois?
55.4% of households in Coles County, Illinois own their home, lower than the Illinois average of 61.9%.
What is the vacancy rate in Coles County, Illinois?
The housing vacancy rate in Coles County, Illinois is 8.2%, higher than the Illinois average of 7.7%.
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