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 | Williamson County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $75,555 | $162,405 | $242,182 |
| Price Trend (Annual %) | -4.4% | 3.9% | 8.2% |
| Median Gross Rent | $896 | $1,226 | $1,342 |
| Rent Trend (Annual %) | 4.7% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Williamson County is about 53% lower than in Illinois. Rent is about 27% lower than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Williamson County: home prices fell about 4.4% a year while rent rose about 4.7% a year. That is an unusual pattern worth watching.
Median rent in Williamson County rose about 38.4% between 2015 and 2023, from $648 to $896. Over the same span, rent in Illinois rose about 35.1%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Williamson County.
Buying the median-priced home in Williamson County costs roughly 7.0 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 Williamson County. The price-to-rent ratio in Illinois is about 11.0.
| Metric | Williamson County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $75,555 | $162,405 | $242,182 |
| Median Household Income | $65,553 | $82,179 | $78,145 |
| Price-to-Income Ratio | 1.2 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Williamson County fell about 32.3%, while median household income rose about 67.1% 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 | Williamson County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.0% | 61.4% | 58.2% |
| Rental Rate | 26.0% | 30.5% | 31.3% |
| Vacancy Rate | 10.0% | 8.1% | 10.6% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Williamson County has a homeownership rate of 64.0%, higher than the Illinois average of 61.4%. Its housing vacancy rate is 10.0%, compared with 8.1% in Illinois.
Housing Stock
| Metric | Williamson County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.48 people | 2.54 people |
| Median Structure Built Year | 1980 | 1968 | 1978 |
| Median Number of Rooms | 5.7 | 5.6 | 5.5 |
The typical housing unit in Williamson County was built around 1980. On average, 2.3 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Williamson County, Illinois.
What is the median home price in Williamson County, Illinois?
The median home price in Williamson County, Illinois is $75,555, lower than the Illinois average of $162,405.
What is the average home price in Williamson 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 Williamson County, Illinois?
The median gross rent in Williamson County, Illinois is $896 per month, lower than the Illinois average of $1,226.
What was the median gross rent in Williamson County in 2020?
In 2020, the median gross rent in Williamson County, Illinois was $725 per month.
What is the price-to-rent ratio in Williamson County, Illinois?
The price-to-rent ratio in Williamson County, Illinois is about 7.0, meaning it would take roughly 7.0 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 Williamson County.
Are home prices or rent rising faster in Williamson County, Illinois?
Home prices and rent are moving in opposite directions in Williamson County: home prices fell about 4.4% a year while rent rose about 4.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Williamson County, Illinois?
64.0% of households in Williamson County, Illinois own their home, higher than the Illinois average of 61.4%.
What is the vacancy rate in Williamson County, Illinois?
The housing vacancy rate in Williamson County, Illinois is 10.0%, higher than the Illinois average of 8.1%.