Gallatin County, Illinois Housing Market Prices
Gallatin 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 45% below the Illinois median$82,500
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Median rent 58% below the Illinois median Among the top 3 cheapest counties in Illinois$540
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Gallatin County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $82,500 | $149,936 | $248,835 |
| Price Trend (Annual %) | 14.4% | 2.5% | 7.5% |
| Median Gross Rent | $540 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Gallatin County is about 45% lower than in Illinois. Rent is about 58% 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 Gallatin County, up about 14.4% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Gallatin County rose about 41.4% between 2015 and 2024, from $382 to $540. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Gallatin County.
Buying the median-priced home in Gallatin County costs roughly 12.7 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 Gallatin County. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Gallatin County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $82,500 | $149,936 | $248,835 |
| Median Household Income | $59,349 | $84,042 | $80,455 |
| Price-to-Income Ratio | 1.4 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Gallatin County rose about 156.3%, while median household income rose about 60.6% 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 | Gallatin County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.8% | 61.9% | 58.5% |
| Rental Rate | 18.9% | 30.4% | 31.2% |
| Vacancy Rate | 16.2% | 7.7% | 10.2% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Gallatin County has a homeownership rate of 64.8%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 16.2%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Gallatin County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1969 | 1969 | 1978 |
| Median Number of Rooms | 5.8 | 5.6 | 5.5 |
The typical housing unit in Gallatin County was built around 1969. On average, 2.3 people live in a home with about 5.8 rooms, staying for about 19.0 years on average.
Gallatin County, IL Housing Compared With Nearby Counties
How Gallatin County, IL compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Gallatin County, IL | 4,818 | $82,500 #1/2 | $540 #2/2 | 77.4% #1/2 |
| Saline County, IL | 23,213 | $57,217 | $725 | 72.5% |
Frequently Asked Questions
Common questions about the housing market in Gallatin County, Illinois.
What is the median home price in Gallatin County, Illinois?
The median home price in Gallatin County, Illinois is $82,500, lower than the Illinois average of $149,936.
What is the average home price in Gallatin County, Illinois?
The typical home price in Gallatin County, Illinois, reported as the median sale price, is $82,500. 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 Gallatin County, Illinois?
The median gross rent in Gallatin County, Illinois is $540 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Gallatin County in 2020?
In 2020, the median gross rent in Gallatin County, Illinois was $459 per month.
What is the price-to-rent ratio in Gallatin County, Illinois?
The price-to-rent ratio in Gallatin County, Illinois is about 12.7, meaning it would take roughly 12.7 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 Gallatin County.
Are home prices or rent rising faster in Gallatin County, Illinois?
Both home prices and rent are rising in Gallatin County, up about 14.4% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Gallatin County, Illinois?
64.8% of households in Gallatin County, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Gallatin County, Illinois?
The housing vacancy rate in Gallatin County, Illinois is 16.2%, higher than the Illinois average of 7.7%.
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