Fulton County, Illinois Housing Market Prices
Fulton 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 50% below the Illinois median$74,502
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Median rent 38% below the Illinois median$784
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Fulton County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $74,502 | $149,936 | $248,835 |
| Price Trend (Annual %) | 2.6% | 2.5% | 7.5% |
| Median Gross Rent | $784 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fulton County is about 50% 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 Fulton County, up about 2.6% and 2.9% a year respectively. Rent is changing faster.
Median rent in Fulton County rose about 29.3% between 2015 and 2024, from $606 to $784. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Fulton County.
Buying the median-priced home in Fulton County costs roughly 7.9 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 Fulton County. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Fulton County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $74,502 | $149,936 | $248,835 |
| Median Household Income | $60,876 | $84,042 | $80,455 |
| Price-to-Income Ratio | 1.2 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fulton County rose about 40.2%, while median household income rose about 42.8% 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 | Fulton County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.7% | 61.9% | 58.5% |
| Rental Rate | 20.4% | 30.4% | 31.2% |
| Vacancy Rate | 13.0% | 7.7% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Fulton County has a homeownership rate of 66.7%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 13.0%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Fulton County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1961 | 1969 | 1978 |
| Median Number of Rooms | 5.8 | 5.6 | 5.5 |
The typical housing unit in Fulton County was built around 1961. On average, 2.2 people live in a home with about 5.8 rooms, staying for about 18.0 years on average.
Fulton County, IL Housing Compared With Nearby Counties
Fulton County, IL is the 2nd largest of the 4 counties compared here, 33,018 residents against a local median of 26,917. Fulton County, IL sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median home price, 8% above the local median at $74,502 against $68,886. Fulton County, IL has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Fulton County, IL | 33,018 | $74,502 #2/4 | $784 #2/4 | 76.6% #1/4 |
| Knox County, IL | 49,044 | $28,739 | $787 | 70.8% |
| McDonough County, IL | 26,917 | $90,788 | $761 | 63.5% |
| Cass County, IL | 12,785 | $68,886 | $723 | 75.9% |
Frequently Asked Questions
Common questions about the housing market in Fulton County, Illinois.
What is the median home price in Fulton County, Illinois?
The median home price in Fulton County, Illinois is $74,502, lower than the Illinois average of $149,936.
What is the average home price in Fulton County, Illinois?
The typical home price in Fulton County, Illinois, reported as the median sale price, is $74,502. 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 Fulton County, Illinois?
The median gross rent in Fulton County, Illinois is $784 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Fulton County in 2020?
In 2020, the median gross rent in Fulton County, Illinois was $650 per month.
What is the price-to-rent ratio in Fulton County, Illinois?
The price-to-rent ratio in Fulton County, Illinois is about 7.9, meaning it would take roughly 7.9 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 Fulton County.
Are home prices or rent rising faster in Fulton County, Illinois?
Both home prices and rent are rising in Fulton County, up about 2.6% and 2.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Fulton County, Illinois?
66.7% of households in Fulton County, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Fulton County, Illinois?
The housing vacancy rate in Fulton County, Illinois is 13.0%, higher than the Illinois average of 7.7%.
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