Piatt County, Illinois Housing Market Prices
Piatt 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 74% below the Illinois median Cheaper than 90% of counties in Illinois$38,940
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Median rent 18% below the Illinois median More expensive than 88% of counties in Illinois$1,046
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Piatt County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $38,940 | $149,936 | $248,835 |
| Price Trend (Annual %) | -3.7% | 2.5% | 7.5% |
| Median Gross Rent | $1,046 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Piatt County is about 74% lower 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
Home prices and rent are moving in opposite directions in Piatt County: home prices fell about 3.7% a year while rent rose about 4.1% a year. That is an unusual pattern worth watching.
Median rent in Piatt County rose about 40.6% between 2015 and 2024, from $744 to $1,046. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Piatt County.
Buying the median-priced home in Piatt County costs roughly 3.1 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 Piatt County. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Piatt County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $38,940 | $149,936 | $248,835 |
| Median Household Income | $92,291 | $84,042 | $80,455 |
| Price-to-Income Ratio | 0.4 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Piatt County fell about 61.2%, while median household income rose about 55.5% 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 | Piatt County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 79.3% | 61.9% | 58.5% |
| Rental Rate | 14.2% | 30.4% | 31.2% |
| Vacancy Rate | 6.6% | 7.7% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Piatt County has a homeownership rate of 79.3%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 6.6%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Piatt County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1977 | 1969 | 1978 |
| Median Number of Rooms | 6.4 | 5.6 | 5.5 |
The typical housing unit in Piatt County was built around 1977. On average, 2.4 people live in a home with about 6.4 rooms, staying for about 16.0 years on average.
Piatt County, IL Housing Compared With Nearby Counties
Piatt County, IL is the 4th largest of the 5 counties compared here, 16,695 residents against a local median of 60,799. The measure that sets Piatt County, IL apart most is median home price: $38,940, 49% below the local median of $76,489.
Median rent tells the same story from another angle: $1,046 against a local median of $875, 20% above it. The one measure here that carries a verdict is homeownership, and at 15% above the local median it puts Piatt County, IL at the better end of the local range. The counties themselves spread $49,387 on median home price, so Piatt County, IL sits at one end of an already wide local range rather than apart from it. Piatt County, IL has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Piatt County, IL | 16,695 | $38,940 #5/5 | $1,046 #2/5 | 84.8% #1/5 |
| De Witt County, IL | 15,373 | $104,029 | $903 | 78.5% |
| Macon County, IL | 101,849 | $65,982 | $846 | 70.2% |
| Champaign County, IL | 208,737 | $86,997 | $1,051 | 54.0% |
| Douglas County, IL | 19,749 | $54,642 | $847 | 76.9% |
Frequently Asked Questions
Common questions about the housing market in Piatt County, Illinois.
What is the median home price in Piatt County, Illinois?
The median home price in Piatt County, Illinois is $38,940, lower than the Illinois average of $149,936.
What is the average home price in Piatt County, Illinois?
The typical home price in Piatt County, Illinois, reported as the median sale price, is $38,940. 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 Piatt County, Illinois?
The median gross rent in Piatt County, Illinois is $1,046 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Piatt County in 2020?
In 2020, the median gross rent in Piatt County, Illinois was $864 per month.
What is the price-to-rent ratio in Piatt County, Illinois?
The price-to-rent ratio in Piatt County, Illinois is about 3.1, meaning it would take roughly 3.1 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 Piatt County.
Are home prices or rent rising faster in Piatt County, Illinois?
Home prices and rent are moving in opposite directions in Piatt County: home prices fell about 3.7% a year while rent rose about 4.1% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Piatt County, Illinois?
79.3% of households in Piatt County, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Piatt County, Illinois?
The housing vacancy rate in Piatt County, Illinois is 6.6%, lower than the Illinois average of 7.7%.
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