Menard County, Illinois Housing Market Prices
Menard 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 61% below the Illinois median$58,333
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Median rent 31% below the Illinois median$884
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Menard County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $58,333 | $149,936 | $248,835 |
| Price Trend (Annual %) | 4.0% | 2.5% | 7.5% |
| Median Gross Rent | $884 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Menard County is about 61% lower than in Illinois. Rent is about 31% 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 Menard County, up about 4.0% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Menard County rose about 36.7% between 2015 and 2024, from $647 to $884. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 0.7 yearly household incomes in Menard County.
Buying the median-priced home in Menard County costs roughly 5.5 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 Menard County. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Menard County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $58,333 | $149,936 | $248,835 |
| Median Household Income | $84,868 | $84,042 | $80,455 |
| Price-to-Income Ratio | 0.7 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Menard County fell about 32.4%, while median household income rose about 41.3% 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 | Menard County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.2% | 61.9% | 58.5% |
| Rental Rate | 19.2% | 30.4% | 31.2% |
| Vacancy Rate | 6.6% | 7.7% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Menard County has a homeownership rate of 74.2%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 6.6%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Menard County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1973 | 1969 | 1978 |
| Median Number of Rooms | 6.1 | 5.6 | 5.5 |
The typical housing unit in Menard County was built around 1973. On average, 2.3 people live in a home with about 6.1 rooms, staying for about 18.0 years on average.
Menard County, IL Housing Compared With Nearby Counties
Menard County, IL is the smallest of the 5 counties compared here, 12,095 residents against a local median of 30,366. The measure that sets Menard County, IL apart most is median home price: $58,333, 26% below the local median of $78,390.
The counties themselves spread $27,004 on median home price, so Menard County, IL sits at one end of an already wide local range rather than apart from it. Menard County, IL has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Menard County, IL | 12,095 | $58,333 #5/5 | $884 #2/5 | 79.5% #1/5 |
| Sangamon County, IL | 194,875 | $66,497 | $982 | 71.3% |
| Logan County, IL | 27,712 | $87,894 | $829 | 68.5% |
| Cass County, IL | 12,785 | $68,886 | $723 | 75.9% |
| Morgan County, IL | 33,021 | $93,502 | $721 | 72.8% |
Frequently Asked Questions
Common questions about the housing market in Menard County, Illinois.
What is the median home price in Menard County, Illinois?
The median home price in Menard County, Illinois is $58,333, lower than the Illinois average of $149,936.
What is the average home price in Menard County, Illinois?
The typical home price in Menard County, Illinois, reported as the median sale price, is $58,333. 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 Menard County, Illinois?
The median gross rent in Menard County, Illinois is $884 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Menard County in 2020?
In 2020, the median gross rent in Menard County, Illinois was $750 per month.
What is the price-to-rent ratio in Menard County, Illinois?
The price-to-rent ratio in Menard County, Illinois is about 5.5, meaning it would take roughly 5.5 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 Menard County.
Are home prices or rent rising faster in Menard County, Illinois?
Both home prices and rent are rising in Menard County, up about 4.0% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Menard County, Illinois?
74.2% of households in Menard County, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Menard County, Illinois?
The housing vacancy rate in Menard County, Illinois is 6.6%, lower than the Illinois average of 7.7%.
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