Hamilton County, Illinois Housing Market Prices
Hamilton 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 48% below the Illinois median$77,631
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Median rent 55% below the Illinois median Among the top 5 cheapest counties in Illinois$567
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hamilton County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $77,631 | $149,936 | $248,835 |
| Price Trend (Annual %) | 61.7% | 2.5% | 7.5% |
| Median Gross Rent | $567 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 0.4% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hamilton County is about 48% lower than in Illinois. Rent is about 55% 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 Hamilton County, up about 61.7% and 0.4% a year respectively. Home prices are changing faster.
Median rent in Hamilton County fell about 1.7% between 2015 and 2024, from $577 to $567. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Hamilton County.
Buying the median-priced home in Hamilton County costs roughly 11.4 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 Hamilton County. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Hamilton County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $77,631 | $149,936 | $248,835 |
| Median Household Income | $64,899 | $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 Hamilton County rose about 148.4%, while median household income rose about 77.5% 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 | Hamilton County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.0% | 61.9% | 58.5% |
| Rental Rate | 21.0% | 30.4% | 31.2% |
| Vacancy Rate | 10.9% | 7.7% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Hamilton County has a homeownership rate of 68.0%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 10.9%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Hamilton County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1969 | 1969 | 1978 |
| Median Number of Rooms | 5.5 | 5.6 | 5.5 |
The typical housing unit in Hamilton County was built around 1969. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 18.0 years on average.
Hamilton County, IL Housing Compared With Nearby Counties
Hamilton County, IL is the smallest of the 4 counties compared here, 7,916 residents against a local median of 36,549. Hamilton County, IL's median home price, at $77,631, runs 36% above the $57,217 typical of the counties around it.
Median rent tells the same story from another angle: $567 against a local median of $803, 29% below it. The counties themselves spread $176,834 on median home price, so Hamilton County, IL sits at one end of an already wide local range rather than apart from it. Hamilton County, IL has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hamilton County, IL | 7,916 | $77,631 #2/4 | $567 #4/4 | 76.4% #1/4 |
| Saline County, IL | 23,213 | $57,217 | $725 | 72.5% |
| Franklin County, IL | 37,318 | $48,166 | $803 | 74.1% |
| Jefferson County, IL | 36,549 | $225,000 | $884 | 71.7% |
Frequently Asked Questions
Common questions about the housing market in Hamilton County, Illinois.
What is the median home price in Hamilton County, Illinois?
The median home price in Hamilton County, Illinois is $77,631, lower than the Illinois average of $149,936.
What is the average home price in Hamilton County, Illinois?
The typical home price in Hamilton County, Illinois, reported as the median sale price, is $77,631. 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 Hamilton County, Illinois?
The median gross rent in Hamilton County, Illinois is $567 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Hamilton County in 2020?
In 2020, the median gross rent in Hamilton County, Illinois was $660 per month.
What is the price-to-rent ratio in Hamilton County, Illinois?
The price-to-rent ratio in Hamilton County, Illinois is about 11.4, meaning it would take roughly 11.4 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 Hamilton County.
Are home prices or rent rising faster in Hamilton County, Illinois?
Both home prices and rent are rising in Hamilton County, up about 61.7% and 0.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hamilton County, Illinois?
68.0% of households in Hamilton County, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Hamilton County, Illinois?
The housing vacancy rate in Hamilton County, Illinois is 10.9%, higher than the Illinois average of 7.7%.
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