Monroe County, Illinois Housing Market Prices
Monroe 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% above the Illinois median More expensive than 86% of counties in Illinois$208,158
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Median rent 18% below the Illinois median More expensive than 87% of counties in Illinois$1,042
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Monroe County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $208,158 | $149,936 | $248,835 |
| Price Trend (Annual %) | 22.7% | 2.5% | 7.5% |
| Median Gross Rent | $1,042 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Monroe County is about 39% higher than in Illinois. Rent is about 18% 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 Monroe County, up about 22.7% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Monroe County rose about 25.6% between 2015 and 2024, from $829 to $1,042. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Monroe County.
Buying the median-priced home in Monroe County costs roughly 16.7 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Monroe County. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Monroe County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $208,158 | $149,936 | $248,835 |
| Median Household Income | $103,327 | $84,042 | $80,455 |
| Price-to-Income Ratio | 2.0 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Monroe County rose about 164.7%, while median household income rose about 49.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Monroe County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 79.5% | 61.9% | 58.5% |
| Rental Rate | 14.4% | 30.4% | 31.2% |
| Vacancy Rate | 6.2% | 7.7% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Monroe County has a homeownership rate of 79.5%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 6.2%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Monroe County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1975 | 1969 | 1978 |
| Median Number of Rooms | 6.2 | 5.6 | 5.5 |
The typical housing unit in Monroe County was built around 1975. On average, 2.5 people live in a home with about 6.2 rooms, staying for about 16.0 years on average.
Monroe County, IL Housing Compared With Nearby Counties
Monroe County, IL is the 3rd largest of the 4 counties compared here, 35,033 residents against a local median of 229,447. Where Monroe County, IL breaks from the counties next to it is median home price, sitting 71% above the local median of $121,433 at $208,158.
The counties themselves spread $128,903 on median home price, so Monroe County, IL sits at one end of an already wide local range rather than apart from it. Monroe County, IL has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Monroe County, IL | 35,033 | $208,158 #1/4 | $1,042 #2/4 | 84.7% #1/4 |
| St. Clair County, IL | 253,661 | $121,433 | $1,089 | 68.4% |
| Jefferson County, MO | 229,447 | $178,434 | $978 | 82.2% |
| Randolph County, IL | 30,051 | $49,530 | $779 | 76.6% |
Frequently Asked Questions
Common questions about the housing market in Monroe County, Illinois.
What is the median home price in Monroe County, Illinois?
The median home price in Monroe County, Illinois is $208,158, higher than the Illinois average of $149,936.
What is the average home price in Monroe County, Illinois?
The typical home price in Monroe County, Illinois, reported as the median sale price, is $208,158. 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 Monroe County, Illinois?
The median gross rent in Monroe County, Illinois is $1,042 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Monroe County in 2020?
In 2020, the median gross rent in Monroe County, Illinois was $846 per month.
What is the price-to-rent ratio in Monroe County, Illinois?
The price-to-rent ratio in Monroe County, Illinois is about 16.7, meaning it would take roughly 16.7 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Monroe County.
Are home prices or rent rising faster in Monroe County, Illinois?
Both home prices and rent are rising in Monroe County, up about 22.7% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Monroe County, Illinois?
79.5% of households in Monroe County, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Monroe County, Illinois?
The housing vacancy rate in Monroe County, Illinois is 6.2%, lower than the Illinois average of 7.7%.
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