Hancock County, Illinois Housing Market Prices
Hancock 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.
-
Median home price 61% below the Illinois median$58,213
-
Median rent 39% below the Illinois median Cheaper than 70% of counties in Illinois$781
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hancock County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $58,213 | $149,936 | $248,835 |
| Price Trend (Annual %) | 0.8% | 2.5% | 7.5% |
| Median Gross Rent | $781 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hancock County is about 61% lower 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 Hancock County, up about 0.8% and 3.9% a year respectively. Rent is changing faster.
Median rent in Hancock County rose about 38.3% between 2015 and 2024, from $565 to $781. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Hancock County.
Buying the median-priced home in Hancock County costs roughly 6.2 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 Hancock County. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Hancock County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $58,213 | $149,936 | $248,835 |
| Median Household Income | $65,991 | $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 Hancock County rose about 46.4%, while median household income rose about 46.6% between 2009 and 2025 — keeping pace with each other.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Hancock County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.3% | 61.9% | 58.5% |
| Rental Rate | 15.9% | 30.4% | 31.2% |
| Vacancy Rate | 14.8% | 7.7% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Hancock County has a homeownership rate of 69.3%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 14.8%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Hancock County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.23 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1960 | 1969 | 1978 |
| Median Number of Rooms | 6.2 | 5.6 | 5.5 |
The typical housing unit in Hancock County was built around 1960. On average, 2.2 people live in a home with about 6.2 rooms, staying for about 17.0 years on average.
Hancock County, IL Housing Compared With Nearby Counties
Hancock County, IL is the 4th largest of the 5 counties compared here, 17,281 residents against a local median of 29,905. The measure that sets Hancock County, IL apart most is median home price: $58,213, 27% below the local median of $79,514.
The counties themselves spread $147,179 on median home price, so Hancock County, IL sits at one end of an already wide local range rather than apart from it. Hancock County, IL has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hancock County, IL | 17,281 | $58,213 #4/5 | $781 #3/5 | 81.3% #1/5 |
| Lee County, IA | 32,893 | $171,484 | $834 | 76.3% |
| Henderson County, IL | 6,193 | $68,240 | $764 | 81.1% |
| McDonough County, IL | 26,917 | $90,788 | $761 | 63.5% |
| Des Moines County, IA | 38,487 | $24,305 | $904 | 74.6% |
Frequently Asked Questions
Common questions about the housing market in Hancock County, Illinois.
What is the median home price in Hancock County, Illinois?
The median home price in Hancock County, Illinois is $58,213, lower than the Illinois average of $149,936.
What is the average home price in Hancock County, Illinois?
The typical home price in Hancock County, Illinois, reported as the median sale price, is $58,213. 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 Hancock County, Illinois?
The median gross rent in Hancock County, Illinois is $781 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Hancock County in 2020?
In 2020, the median gross rent in Hancock County, Illinois was $652 per month.
What is the price-to-rent ratio in Hancock County, Illinois?
The price-to-rent ratio in Hancock County, Illinois is about 6.2, meaning it would take roughly 6.2 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 Hancock County.
Are home prices or rent rising faster in Hancock County, Illinois?
Both home prices and rent are rising in Hancock County, up about 0.8% and 3.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Hancock County, Illinois?
69.3% of households in Hancock County, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Hancock County, Illinois?
The housing vacancy rate in Hancock County, Illinois is 14.8%, higher than the Illinois average of 7.7%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →