Woodford County, Illinois Housing Market Prices
Woodford 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 69% below the Illinois median Cheaper than 82% of counties in Illinois$45,985
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Median rent 28% below the Illinois median More expensive than 76% of counties in Illinois$912
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Woodford County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $45,985 | $149,936 | $248,835 |
| Price Trend (Annual %) | -12.9% | 2.5% | 7.5% |
| Median Gross Rent | $912 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Woodford County is about 69% lower than in Illinois. Rent is about 28% lower than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Woodford County: home prices fell about 12.9% a year while rent rose about 3.2% a year. That is an unusual pattern worth watching.
Median rent in Woodford County rose about 23.8% between 2015 and 2024, from $737 to $912. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 0.5 yearly household incomes in Woodford County.
Buying the median-priced home in Woodford County costs roughly 4.2 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 Woodford County. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Woodford County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $45,985 | $149,936 | $248,835 |
| Median Household Income | $92,853 | $84,042 | $80,455 |
| Price-to-Income Ratio | 0.5 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Woodford County fell about 78.4%, while median household income rose about 38.3% 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 | Woodford County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 79.8% | 61.9% | 58.5% |
| Rental Rate | 13.4% | 30.4% | 31.2% |
| Vacancy Rate | 6.8% | 7.7% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Woodford County has a homeownership rate of 79.8%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 6.8%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Woodford County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1976 | 1969 | 1978 |
| Median Number of Rooms | 6.6 | 5.6 | 5.5 |
The typical housing unit in Woodford County was built around 1976. On average, 2.5 people live in a home with about 6.6 rooms, staying for about 16.0 years on average.
Woodford County, IL Housing Compared With Nearby Counties
Woodford County, IL is the smallest of the 4 counties compared here, 38,283 residents against a local median of 171,556. Where Woodford County, IL breaks from the counties next to it is median home price, sitting 64% below the local median of $126,359 at $45,985.
Homeownership tells the same story from another angle: 85.7% against a local median of 67.0%, 28% above it. The one measure here that carries a verdict is homeownership, and at 28% above the local median it puts Woodford County, IL at the better end of the local range. The counties themselves spread $122,761 on median home price, so Woodford County, IL sits at one end of an already wide local range rather than apart from it. Woodford County, IL has the 3rd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Woodford County, IL | 38,283 | $45,985 #3/4 | $912 #3/4 | 85.7% #1/4 |
| Tazewell County, IL | 130,271 | $161,953 | $909 | 78.3% |
| McLean County, IL | 171,556 | $126,359 | $1,009 | 65.1% |
| Peoria County, IL | 179,437 | $39,193 | $992 | 67.0% |
Frequently Asked Questions
Common questions about the housing market in Woodford County, Illinois.
What is the median home price in Woodford County, Illinois?
The median home price in Woodford County, Illinois is $45,985, lower than the Illinois average of $149,936.
What is the average home price in Woodford County, Illinois?
The typical home price in Woodford County, Illinois, reported as the median sale price, is $45,985. 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 Woodford County, Illinois?
The median gross rent in Woodford County, Illinois is $912 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Woodford County in 2020?
In 2020, the median gross rent in Woodford County, Illinois was $755 per month.
What is the price-to-rent ratio in Woodford County, Illinois?
The price-to-rent ratio in Woodford County, Illinois is about 4.2, meaning it would take roughly 4.2 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 Woodford County.
Are home prices or rent rising faster in Woodford County, Illinois?
Home prices and rent are moving in opposite directions in Woodford County: home prices fell about 12.9% a year while rent rose about 3.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Woodford County, Illinois?
79.8% of households in Woodford County, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Woodford County, Illinois?
The housing vacancy rate in Woodford County, Illinois is 6.8%, lower than the Illinois average of 7.7%.
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