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 | Stark County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $117,187 | $162,405 | $242,182 |
| Price Trend (Annual %) | 14.8% | 3.9% | 8.2% |
| Median Gross Rent | $764 | $1,226 | $1,342 |
| Rent Trend (Annual %) | 4.3% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Stark County is about 28% lower than in Illinois. Rent is about 38% lower than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Stark County, up about 14.8% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Stark County rose about 34.0% between 2015 and 2023, from $570 to $764. Over the same span, rent in Illinois rose about 35.1%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Stark County.
Buying the median-priced home in Stark 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 Stark County. The price-to-rent ratio in Illinois is about 11.0.
| Metric | Stark County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $117,187 | $162,405 | $242,182 |
| Median Household Income | $62,137 | $82,179 | $78,145 |
| Price-to-Income Ratio | 1.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Stark County rose about 136.9%, while median household income rose about 31.2% between 2009 and 2023 — 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 | Stark County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.8% | 61.4% | 58.2% |
| Rental Rate | 19.8% | 30.5% | 31.3% |
| Vacancy Rate | 11.4% | 8.1% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Stark County has a homeownership rate of 68.8%, higher than the Illinois average of 61.4%. Its housing vacancy rate is 11.4%, compared with 8.1% in Illinois.
Housing Stock
| Metric | Stark County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.48 people | 2.54 people |
| Median Structure Built Year | 1957 | 1968 | 1978 |
| Median Number of Rooms | 6.4 | 5.6 | 5.5 |
The typical housing unit in Stark County was built around 1957. On average, 2.3 people live in a home with about 6.4 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Stark County, Illinois.
What is the median home price in Stark County, Illinois?
The median home price in Stark County, Illinois is $117,187, lower than the Illinois average of $162,405.
What is the average home price in Stark 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 Stark County, Illinois?
The median gross rent in Stark County, Illinois is $764 per month, lower than the Illinois average of $1,226.
What was the median gross rent in Stark County in 2020?
In 2020, the median gross rent in Stark County, Illinois was $671 per month.
What is the price-to-rent ratio in Stark County, Illinois?
The price-to-rent ratio in Stark 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 Stark County.
Are home prices or rent rising faster in Stark County, Illinois?
Both home prices and rent are rising in Stark County, up about 14.8% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Stark County, Illinois?
68.8% of households in Stark County, Illinois own their home, higher than the Illinois average of 61.4%.
What is the vacancy rate in Stark County, Illinois?
The housing vacancy rate in Stark County, Illinois is 11.4%, higher than the Illinois average of 8.1%.