Iroquois County, Illinois Housing Market Prices
Iroquois 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 36% below the Illinois median$96,428
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Median rent 37% below the Illinois median$798
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Iroquois County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $96,428 | $149,936 | $248,835 |
| Price Trend (Annual %) | 0.7% | 2.5% | 7.5% |
| Median Gross Rent | $798 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 3.3% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Iroquois County is about 36% lower than in Illinois. Rent is about 37% 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 Iroquois County, up about 0.7% and 3.3% a year respectively. Rent is changing faster.
Median rent in Iroquois County rose about 30.8% between 2015 and 2024, from $610 to $798. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Iroquois County.
Buying the median-priced home in Iroquois County costs roughly 10.1 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 Iroquois County. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Iroquois County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $96,428 | $149,936 | $248,835 |
| Median Household Income | $66,798 | $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 Iroquois County fell about 3.6%, while median household income rose about 30.6% 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 | Iroquois County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.6% | 61.9% | 58.5% |
| Rental Rate | 17.9% | 30.4% | 31.2% |
| Vacancy Rate | 10.5% | 7.7% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Iroquois County has a homeownership rate of 71.6%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 10.5%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Iroquois County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1958 | 1969 | 1978 |
| Median Number of Rooms | 6.2 | 5.6 | 5.5 |
The typical housing unit in Iroquois County was built around 1958. On average, 2.3 people live in a home with about 6.2 rooms, staying for about 17.0 years on average.
Iroquois County, IL Housing Compared With Nearby Counties
How Iroquois County, IL compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Iroquois County, IL | 26,449 | $96,428 #2/3 | $798 #3/3 | 80.0% #1/3 |
| Kankakee County, IL | 106,635 | $136,128 | $1,096 | 69.9% |
| Vermilion County, IL | 72,384 | $82,480 | $838 | 70.2% |
Frequently Asked Questions
Common questions about the housing market in Iroquois County, Illinois.
What is the median home price in Iroquois County, Illinois?
The median home price in Iroquois County, Illinois is $96,428, lower than the Illinois average of $149,936.
What is the average home price in Iroquois County, Illinois?
The typical home price in Iroquois County, Illinois, reported as the median sale price, is $96,428. 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 Iroquois County, Illinois?
The median gross rent in Iroquois County, Illinois is $798 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Iroquois County in 2020?
In 2020, the median gross rent in Iroquois County, Illinois was $690 per month.
What is the price-to-rent ratio in Iroquois County, Illinois?
The price-to-rent ratio in Iroquois County, Illinois is about 10.1, meaning it would take roughly 10.1 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 Iroquois County.
Are home prices or rent rising faster in Iroquois County, Illinois?
Both home prices and rent are rising in Iroquois County, up about 0.7% and 3.3% a year respectively. Rent is changing faster.
What is the homeownership rate in Iroquois County, Illinois?
71.6% of households in Iroquois County, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Iroquois County, Illinois?
The housing vacancy rate in Iroquois County, Illinois is 10.5%, higher than the Illinois average of 7.7%.
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