Housing Market Overview
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 Map: Nearby Counties
Housing Market Overview
| Metric | Jackson County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $75,435 | $162,405 | $242,182 |
| Price Trend (Annual %) | -1.6% | 3.9% | 8.2% |
| Median Gross Rent | $745 | $1,226 | $1,342 |
| Rent Trend (Annual %) | 2.0% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jackson County is about 54% lower than in Illinois. Rent is about 39% lower than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Jackson County: home prices fell about 1.6% a year while rent rose about 2.0% a year. That is an unusual pattern worth watching.
Median rent in Jackson County rose about 11.8% between 2015 and 2023, from $667 to $745. Over the same span, rent in Illinois rose about 35.1%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Jackson County.
Buying the median-priced home in Jackson County costs roughly 8.4 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 Jackson County. The price-to-rent ratio in Illinois is about 11.0.
| Metric | Jackson County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $75,435 | $162,405 | $242,182 |
| Median Household Income | $45,506 | $82,179 | $78,145 |
| Price-to-Income Ratio | 1.7 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Jackson County fell about 22.0%, while median household income rose about 54.4% between 2009 and 2023 — 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 | Jackson County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 41.0% | 61.4% | 58.2% |
| Rental Rate | 42.2% | 30.5% | 31.3% |
| Vacancy Rate | 16.8% | 8.1% | 10.6% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Jackson County has a homeownership rate of 41.0%, lower than the Illinois average of 61.4%. Its housing vacancy rate is 16.8%, compared with 8.1% in Illinois.
Housing Stock
| Metric | Jackson County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.13 people | 2.48 people | 2.54 people |
| Median Structure Built Year | 1975 | 1968 | 1978 |
| Median Number of Rooms | 4.9 | 5.6 | 5.5 |
The typical housing unit in Jackson County was built around 1975. On average, 2.1 people live in a home with about 4.9 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Jackson County, Illinois.
What is the median home price in Jackson County, Illinois?
The median home price in Jackson County, Illinois is $75,435, lower than the Illinois average of $162,405.
What is the average home price in Jackson County, Illinois?
The typical home price in %s, reported as the median sale price, is %s. 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 Jackson County, Illinois?
The median gross rent in Jackson County, Illinois is $745 per month, lower than the Illinois average of $1,226.
What was the median gross rent in Jackson County in 2020?
In 2020, the median gross rent in Jackson County, Illinois was $681 per month.
What is the price-to-rent ratio in Jackson County, Illinois?
The price-to-rent ratio in Jackson County, Illinois is about 8.4, meaning it would take roughly 8.4 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 Jackson County.
Are home prices or rent rising faster in Jackson County, Illinois?
Home prices and rent are moving in opposite directions in Jackson County: home prices fell about 1.6% a year while rent rose about 2.0% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Jackson County, Illinois?
41.0% of households in Jackson County, Illinois own their home, lower than the Illinois average of 61.4%.
What is the vacancy rate in Jackson County, Illinois?
The housing vacancy rate in Jackson County, Illinois is 16.8%, higher than the Illinois average of 8.1%.