McDonough County, Illinois Housing Market Prices
McDonough 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 39% below the Illinois median$90,788
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Median rent 40% below the Illinois median Cheaper than 77% of counties in Illinois$761
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | McDonough County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $90,788 | $149,936 | $248,835 |
| Price Trend (Annual %) | 4.0% | 2.5% | 7.5% |
| Median Gross Rent | $761 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in McDonough County is about 39% lower than in Illinois. Rent is about 40% 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 McDonough County, up about 4.0% and 2.9% a year respectively. Home prices are changing faster.
Median rent in McDonough County rose about 20.9% between 2015 and 2024, from $629 to $761. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in McDonough County.
Buying the median-priced home in McDonough County costs roughly 9.9 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 McDonough County. The price-to-rent ratio in Illinois is about 9.8.
| Metric | McDonough County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $90,788 | $149,936 | $248,835 |
| Median Household Income | $54,356 | $84,042 | $80,455 |
| Price-to-Income Ratio | 1.7 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in McDonough County rose about 24.7%, while median household income rose about 56.8% 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 | McDonough County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.4% | 61.9% | 58.5% |
| Rental Rate | 31.9% | 30.4% | 31.2% |
| Vacancy Rate | 12.7% | 7.7% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
McDonough County has a homeownership rate of 55.4%, lower than the Illinois average of 61.9%. Its housing vacancy rate is 12.7%, compared with 7.7% in Illinois.
Housing Stock
| Metric | McDonough County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.04 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1966 | 1969 | 1978 |
| Median Number of Rooms | 5.6 | 5.6 | 5.5 |
The typical housing unit in McDonough County was built around 1966. On average, 2.0 people live in a home with about 5.6 rooms, staying for about 14.0 years on average.
McDonough County, IL Housing Compared With Nearby Counties
McDonough County, IL is the 2nd largest of the 4 counties compared here, 26,917 residents against a local median of 17,281. Where McDonough County, IL breaks from the counties next to it is median home price, sitting 33% above the local median of $68,240 at $90,788.
Homeownership tells the same story from another angle: 63.5% against a local median of 81.1%, 22% below it. The one measure here that carries a verdict is homeownership, and at 22% below the local median it puts McDonough County, IL at the weaker end of the local range. The counties themselves spread $16,289 on median home price, so McDonough County, IL sits at one end of an already wide local range rather than apart from it. McDonough County, IL has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| McDonough County, IL | 26,917 | $90,788 #1/4 | $761 #4/4 | 63.5% #4/4 |
| Henderson County, IL | 6,193 | $68,240 | $764 | 81.1% |
| Fulton County, IL | 33,018 | $74,502 | $784 | 76.6% |
| Hancock County, IL | 17,281 | $58,213 | $781 | 81.3% |
Frequently Asked Questions
Common questions about the housing market in McDonough County, Illinois.
What is the median home price in McDonough County, Illinois?
The median home price in McDonough County, Illinois is $90,788, lower than the Illinois average of $149,936.
What is the average home price in McDonough County, Illinois?
The typical home price in McDonough County, Illinois, reported as the median sale price, is $90,788. 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 McDonough County, Illinois?
The median gross rent in McDonough County, Illinois is $761 per month, lower than the Illinois average of $1,274.
What was the median gross rent in McDonough County in 2020?
In 2020, the median gross rent in McDonough County, Illinois was $714 per month.
What is the price-to-rent ratio in McDonough County, Illinois?
The price-to-rent ratio in McDonough County, Illinois is about 9.9, meaning it would take roughly 9.9 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 McDonough County.
Are home prices or rent rising faster in McDonough County, Illinois?
Both home prices and rent are rising in McDonough County, up about 4.0% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in McDonough County, Illinois?
55.4% of households in McDonough County, Illinois own their home, lower than the Illinois average of 61.9%.
What is the vacancy rate in McDonough County, Illinois?
The housing vacancy rate in McDonough County, Illinois is 12.7%, higher than the Illinois average of 7.7%.
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