Will County, Illinois Housing Market Prices
Will 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 43% above the Illinois median More expensive than 87% of counties in Illinois$214,302
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Median rent 15% above the Illinois median Among the 5 most expensive counties in Illinois$1,462
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Will County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $214,302 | $149,936 | $248,835 |
| Price Trend (Annual %) | 4.3% | 2.5% | 7.5% |
| Median Gross Rent | $1,462 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Will County is about 43% higher than in Illinois. Rent is about 15% higher 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 Will County, up about 4.3% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Will County rose about 40.7% between 2015 and 2024, from $1,039 to $1,462. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Will County.
Buying the median-priced home in Will County costs roughly 12.2 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 Will County. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Will County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $214,302 | $149,936 | $248,835 |
| Median Household Income | $109,769 | $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 Will County rose about 46.0%, while median household income rose about 43.6% 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 | Will County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 79.5% | 61.9% | 58.5% |
| Rental Rate | 16.6% | 30.4% | 31.2% |
| Vacancy Rate | 3.9% | 7.7% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Will County has a homeownership rate of 79.5%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 3.9%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Will County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.84 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1983 | 1969 | 1978 |
| Median Number of Rooms | 6.5 | 5.6 | 5.5 |
The typical housing unit in Will County was built around 1983. On average, 2.8 people live in a home with about 6.5 rooms, staying for about 17.0 years on average.
Will County, IL Housing Compared With Nearby Counties
Will County, IL is the 3rd largest of the 6 counties compared here, 701,595 residents against a local median of 137,674. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Will County, IL an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median home price, 14% below the local median at $214,302 against $248,814. Will County, IL has the 4th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Will County, IL | 701,595 | $214,302 #4/6 | $1,462 #3/6 | 82.8% #2/6 |
| Kankakee County, IL | 106,635 | $136,128 | $1,096 | 69.9% |
| DuPage County, IL | 929,812 | $400,376 | $1,688 | 73.1% |
| Grundy County, IL | 53,223 | $110,688 | $1,176 | 74.4% |
| Kendall County, IL | 137,674 | $332,795 | $1,780 | 84.0% |
| Cook County, IL | 5,180,889 | $248,814 | $1,434 | 57.7% |
Frequently Asked Questions
Common questions about the housing market in Will County, Illinois.
What is the median home price in Will County, Illinois?
The median home price in Will County, Illinois is $214,302, higher than the Illinois average of $149,936.
What is the average home price in Will County, Illinois?
The typical home price in Will County, Illinois, reported as the median sale price, is $214,302. 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 Will County, Illinois?
The median gross rent in Will County, Illinois is $1,462 per month, higher than the Illinois average of $1,274.
What was the median gross rent in Will County in 2020?
In 2020, the median gross rent in Will County, Illinois was $1,182 per month.
What is the price-to-rent ratio in Will County, Illinois?
The price-to-rent ratio in Will County, Illinois is about 12.2, meaning it would take roughly 12.2 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 Will County.
Are home prices or rent rising faster in Will County, Illinois?
Both home prices and rent are rising in Will County, up about 4.3% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Will County, Illinois?
79.5% of households in Will County, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Will County, Illinois?
The housing vacancy rate in Will County, Illinois is 3.9%, lower than the Illinois average of 7.7%.
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