Ford County, Illinois Housing Market Prices
Ford 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 64% below the Illinois median Cheaper than 77% of counties in Illinois$53,750
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Median rent 28% below the Illinois median More expensive than 77% of counties in Illinois$922
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Ford County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $53,750 | $149,936 | $248,835 |
| Price Trend (Annual %) | 5.2% | 2.5% | 7.5% |
| Median Gross Rent | $922 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 5.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ford County is about 64% lower than in Illinois. Rent is about 28% 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 Ford County, up about 5.2% and 5.9% a year respectively. Rent is changing faster.
Median rent in Ford County rose about 51.0% between 2015 and 2024, from $611 to $922. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Ford County.
Buying the median-priced home in Ford County costs roughly 4.9 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 Ford County. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Ford County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $53,750 | $149,936 | $248,835 |
| Median Household Income | $62,499 | $84,042 | $80,455 |
| Price-to-Income Ratio | 0.9 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Ford County rose about 3.8%, while median household income rose about 23.7% 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 | Ford County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.3% | 61.9% | 58.5% |
| Rental Rate | 25.8% | 30.4% | 31.2% |
| Vacancy Rate | 6.9% | 7.7% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Ford County has a homeownership rate of 67.3%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 6.9%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Ford County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.23 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1957 | 1969 | 1978 |
| Median Number of Rooms | 6.3 | 5.6 | 5.5 |
The typical housing unit in Ford County was built around 1957. On average, 2.2 people live in a home with about 6.3 rooms, staying for about 16.0 years on average.
Ford County, IL Housing Compared With Nearby Counties
Ford County, IL is the smallest of the 5 counties compared here, 13,406 residents against a local median of 121,970. Where Ford County, IL breaks from the counties next to it is median home price, sitting 41% below the local median of $91,712 at $53,750.
The counties themselves spread $43,879 on median home price, so Ford County, IL sits at one end of an already wide local range rather than apart from it. Ford County, IL has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Ford County, IL | 13,406 | $53,750 #5/5 | $922 #3/5 | 72.3% #2/5 |
| Iroquois County, IL | 26,449 | $96,428 | $798 | 80.0% |
| Champaign County, IL | 208,737 | $86,997 | $1,051 | 54.0% |
| McLean County, IL | 171,556 | $126,359 | $1,009 | 65.1% |
| Vermilion County, IL | 72,384 | $82,480 | $838 | 70.2% |
Frequently Asked Questions
Common questions about the housing market in Ford County, Illinois.
What is the median home price in Ford County, Illinois?
The median home price in Ford County, Illinois is $53,750, lower than the Illinois average of $149,936.
What is the average home price in Ford County, Illinois?
The typical home price in Ford County, Illinois, reported as the median sale price, is $53,750. 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 Ford County, Illinois?
The median gross rent in Ford County, Illinois is $922 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Ford County in 2020?
In 2020, the median gross rent in Ford County, Illinois was $644 per month.
What is the price-to-rent ratio in Ford County, Illinois?
The price-to-rent ratio in Ford County, Illinois is about 4.9, meaning it would take roughly 4.9 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 Ford County.
Are home prices or rent rising faster in Ford County, Illinois?
Both home prices and rent are rising in Ford County, up about 5.2% and 5.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Ford County, Illinois?
67.3% of households in Ford County, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Ford County, Illinois?
The housing vacancy rate in Ford County, Illinois is 6.9%, lower than the Illinois average of 7.7%.
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