Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$145,077+5.4% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 24% have cut their price
Income needed to buy, per year$31,450About 0.5× the local median income ($61,313): affordable for a typical household
Days on market42 daysAbout the same pace as a year ago
The typical home in Coles County, IL is worth $145,077, up 5.4% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $149,964, so the area is 3.3% undervalued. It is a balanced market, leaning toward buyers: homes take about 42 days to sell, listings are up 26% from a year ago, 24% of listings have had a price cut. A household needs about $31,450 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,313. Typical rent is $771 a month. In the latest IRS figures, 268 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$145,077
Change in 1 year
+5.4%
Overvalued %
−3.3%
Show 6 more
Fair home value
$149,964
Change in 5 years
+30.3%
Home value to income
2.4×
Monthly mortgage payment (20% down)
$786
Income needed to afford it
$31,450
Property tax rate
1.94%
Rent and investing
Typical rent
$771
Price-to-rent ratio
15.7×
HUD Fair Market Rent, 2 bedrooms
$950
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Gross rental yield
6.38%
Cap rate (estimate)
4.15%
Market activity
Listings vs a year ago
+26.1%
Days on market
42
Listings with a price cut
24.5%
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Homes for sale
87
Pending sales per 100 listings
30
Asking price per sq ft
$103
People and jobs
Median household income
$61,313
Population change (1 year)
+0.1%
Unemployment rate
6.1%
Show 4 more
Population
46,607
Income adjusted for cost of living
$70,152
Net moves in (IRS)
−268
Cost of living (US = 100)
87.4
Schools, risk and environment
School rating (1 to 10)
5.1
FEMA hazard risk score (0 to 100)
70.4
Flood risk score
74.5
Show 3 more
Wildfire risk score
9.5
Walkability (1 to 20)
7.0
Road, rail and air noise
52 dB
Questions people ask
Is Coles County, IL overvalued?
Home prices in Coles County, IL are slightly below what local incomes have historically supported: fair value is about $149,964, so the area is 3.3% undervalued.
Is Coles County, IL a buyer's or seller's market?
Coles County, IL is a balanced market, leaning toward buyers: homes take about 42 days to sell, listings are up 26% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Coles County, IL?
Home values in Coles County, IL are up 5.4% over the last year.
How much do you need to earn to buy a home in Coles County, IL?
A household needs about $31,450 a year to afford the typical home in Coles County, IL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,313.