Tazewell County, Illinois Housing Market Prices
Tazewell 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 8% above the Illinois median More expensive than 78% of counties in Illinois$161,953
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Median rent 29% below the Illinois median More expensive than 74% of counties in Illinois$909
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Tazewell County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $161,953 | $149,936 | $248,835 |
| Price Trend (Annual %) | 4.3% | 2.5% | 7.5% |
| Median Gross Rent | $909 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tazewell County is about 8% higher than in Illinois. Rent is about 29% 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 Tazewell County, up about 4.3% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Tazewell County rose about 33.4% between 2015 and 2024, from $682 to $909. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Tazewell County.
Buying the median-priced home in Tazewell County costs roughly 14.8 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 Tazewell County. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Tazewell County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $161,953 | $149,936 | $248,835 |
| Median Household Income | $77,722 | $84,042 | $80,455 |
| Price-to-Income Ratio | 2.1 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Tazewell County rose about 29.7%, while median household income rose about 37.1% 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 | Tazewell County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.1% | 61.9% | 58.5% |
| Rental Rate | 19.9% | 30.4% | 31.2% |
| Vacancy Rate | 8.0% | 7.7% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Tazewell County has a homeownership rate of 72.1%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 8.0%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Tazewell County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1964 | 1969 | 1978 |
| Median Number of Rooms | 5.9 | 5.6 | 5.5 |
The typical housing unit in Tazewell County was built around 1964. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 15.0 years on average.
Tazewell County, IL Housing Compared With Nearby Counties
How Tazewell County, IL compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Tazewell County, IL | 130,271 | $161,953 #1/3 | $909 #2/3 | 78.3% #1/3 |
| Peoria County, IL | 179,437 | $39,193 | $992 | 67.0% |
| Logan County, IL | 27,712 | $87,894 | $829 | 68.5% |
Frequently Asked Questions
Common questions about the housing market in Tazewell County, Illinois.
What is the median home price in Tazewell County, Illinois?
The median home price in Tazewell County, Illinois is $161,953, higher than the Illinois average of $149,936.
What is the average home price in Tazewell County, Illinois?
The typical home price in Tazewell County, Illinois, reported as the median sale price, is $161,953. 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 Tazewell County, Illinois?
The median gross rent in Tazewell County, Illinois is $909 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Tazewell County in 2020?
In 2020, the median gross rent in Tazewell County, Illinois was $751 per month.
What is the price-to-rent ratio in Tazewell County, Illinois?
The price-to-rent ratio in Tazewell County, Illinois is about 14.8, meaning it would take roughly 14.8 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 Tazewell County.
Are home prices or rent rising faster in Tazewell County, Illinois?
Both home prices and rent are rising in Tazewell County, up about 4.3% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tazewell County, Illinois?
72.1% of households in Tazewell County, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Tazewell County, Illinois?
The housing vacancy rate in Tazewell County, Illinois is 8.0%, higher than the Illinois average of 7.7%.
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