Housing Market Overview
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 Map: Nearby Counties
Housing Market Overview
| Metric | Scott County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $102,772 | $162,405 | $242,182 |
| Price Trend (Annual %) | 32.5% | 3.9% | 8.2% |
| Median Gross Rent | $669 | $1,226 | $1,342 |
| Rent Trend (Annual %) | 2.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Scott County is about 37% lower than in Illinois. Rent is about 45% lower than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2022
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Scott County, up about 32.5% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Scott County rose about 22.3% between 2015 and 2023, from $547 to $669. Over the same span, rent in Illinois rose about 35.1%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Scott County.
Buying the median-priced home in Scott County costs roughly 12.8 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 Scott County. The price-to-rent ratio in Illinois is about 11.0.
| Metric | Scott County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $102,772 | $162,405 | $242,182 |
| Median Household Income | $71,747 | $82,179 | $78,145 |
| Price-to-Income Ratio | 1.4 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2022, the median home price in Scott County rose about 37.6%, while median household income rose about 47.5% between 2009 and 2023 — 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 | Scott County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.2% | 61.4% | 58.2% |
| Rental Rate | 17.8% | 30.5% | 31.3% |
| Vacancy Rate | 15.1% | 8.1% | 10.6% |
| Median Tenure (years) | 22.0 | 16.0 | 15.0 |
| Median Year Moved In | 2004 | 2010 | 2011 |
Scott County has a homeownership rate of 67.2%, higher than the Illinois average of 61.4%. Its housing vacancy rate is 15.1%, compared with 8.1% in Illinois.
Housing Stock
| Metric | Scott County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.48 people | 2.54 people |
| Median Structure Built Year | 1963 | 1968 | 1978 |
| Median Number of Rooms | 6.0 | 5.6 | 5.5 |
The typical housing unit in Scott County was built around 1963. On average, 2.4 people live in a home with about 6.0 rooms, staying for about 22.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Scott County, Illinois.
What is the median home price in Scott County, Illinois?
The median home price in Scott County, Illinois is $102,772, lower than the Illinois average of $162,405.
What is the average home price in Scott County, Illinois?
The typical home price in %s, reported as the median sale price, is %s. 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 Scott County, Illinois?
The median gross rent in Scott County, Illinois is $669 per month, lower than the Illinois average of $1,226.
What was the median gross rent in Scott County in 2020?
In 2020, the median gross rent in Scott County, Illinois was $537 per month.
What is the price-to-rent ratio in Scott County, Illinois?
The price-to-rent ratio in Scott County, Illinois is about 12.8, meaning it would take roughly 12.8 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 Scott County.
Are home prices or rent rising faster in Scott County, Illinois?
Both home prices and rent are rising in Scott County, up about 32.5% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Scott County, Illinois?
67.2% of households in Scott County, Illinois own their home, higher than the Illinois average of 61.4%.
What is the vacancy rate in Scott County, Illinois?
The housing vacancy rate in Scott County, Illinois is 15.1%, higher than the Illinois average of 8.1%.