McLean County, Illinois Housing Market Prices
McLean 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 16% below the Illinois median More expensive than 73% of counties in Illinois$126,359
-
Median rent 21% below the Illinois median More expensive than 83% of counties in Illinois$1,009
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | McLean County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $126,359 | $149,936 | $248,835 |
| Price Trend (Annual %) | 1.9% | 2.5% | 7.5% |
| Median Gross Rent | $1,009 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in McLean County is about 16% lower than in Illinois. Rent is about 21% 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 McLean County, up about 1.9% and 2.9% a year respectively. Rent is changing faster.
Median rent in McLean County rose about 29.5% between 2015 and 2024, from $779 to $1,009. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in McLean County.
Buying the median-priced home in McLean County costs roughly 10.4 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 McLean County. The price-to-rent ratio in Illinois is about 9.8.
| Metric | McLean County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $126,359 | $149,936 | $248,835 |
| Median Household Income | $79,591 | $84,042 | $80,455 |
| Price-to-Income Ratio | 1.6 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in McLean County rose about 12.9%, while median household income rose about 38.0% 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 | McLean County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.7% | 61.9% | 58.5% |
| Rental Rate | 32.6% | 30.4% | 31.2% |
| Vacancy Rate | 6.8% | 7.7% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
McLean County has a homeownership rate of 60.7%, lower than the Illinois average of 61.9%. Its housing vacancy rate is 6.8%, compared with 7.7% in Illinois.
Housing Stock
| Metric | McLean County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.31 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1979 | 1969 | 1978 |
| Median Number of Rooms | 5.9 | 5.6 | 5.5 |
The typical housing unit in McLean County was built around 1979. On average, 2.3 people live in a home with about 5.9 rooms, staying for about 14.0 years on average.
McLean County, IL Housing Compared With Nearby Counties
How McLean County, IL compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| McLean County, IL | 171,556 | $126,359 #1/3 | $1,009 #2/3 | 65.1% #3/3 |
| De Witt County, IL | 15,373 | $104,029 | $903 | 78.5% |
| Piatt County, IL | 16,695 | $38,940 | $1,046 | 84.8% |
Frequently Asked Questions
Common questions about the housing market in McLean County, Illinois.
What is the median home price in McLean County, Illinois?
The median home price in McLean County, Illinois is $126,359, lower than the Illinois average of $149,936.
What is the average home price in McLean County, Illinois?
The typical home price in McLean County, Illinois, reported as the median sale price, is $126,359. 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 McLean County, Illinois?
The median gross rent in McLean County, Illinois is $1,009 per month, lower than the Illinois average of $1,274.
What was the median gross rent in McLean County in 2020?
In 2020, the median gross rent in McLean County, Illinois was $841 per month.
What is the price-to-rent ratio in McLean County, Illinois?
The price-to-rent ratio in McLean County, Illinois is about 10.4, meaning it would take roughly 10.4 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 McLean County.
Are home prices or rent rising faster in McLean County, Illinois?
Both home prices and rent are rising in McLean County, up about 1.9% and 2.9% a year respectively. Rent is changing faster.
What is the homeownership rate in McLean County, Illinois?
60.7% of households in McLean County, Illinois own their home, lower than the Illinois average of 61.9%.
What is the vacancy rate in McLean County, Illinois?
The housing vacancy rate in McLean County, Illinois is 6.8%, lower 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 →