Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$119,299−2.5% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 44% have cut their price
Income needed to buy, per year$25,862About 0.4× the local median income ($66,346): affordable for a typical household
Days on market79 daysSlower than a year ago: buyers have time to negotiate
The typical home in Hamilton County, IL is worth $119,299, down 2.5% from a year ago. That is well below what local incomes have historically supported: fair value is about $219,787, so the area is 45.7% undervalued. It is a buyer's market: homes take about 79 days to sell, listings are up 71% from a year ago, 44% of listings have had a price cut. A household needs about $25,862 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 $66,346. In the latest IRS figures, 69 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
$119,299
Change in 1 year
−2.5%
Overvalued %
−45.7%
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Fair home value
$219,787
Change in 5 years
−21.1%
Home value to income
1.8×
Monthly mortgage payment (20% down)
$647
Income needed to afford it
$25,862
Property tax rate
1.33%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$930
Market activity
Listings vs a year ago
+71.4%
Days on market
79
Listings with a price cut
44.4%
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Homes for sale
12
Pending sales per 100 listings
17
Asking price per sq ft
$106
People and jobs
Median household income
$66,346
Population change (1 year)
−0.0%
Unemployment rate
5.1%
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Population
7,859
Income adjusted for cost of living
$75,911
Net moves in (IRS)
−69
Cost of living (US = 100)
87.4
Schools, risk and environment
School rating (1 to 10)
8.4
FEMA hazard risk score (0 to 100)
30.8
Unhealthy air days a year
0
Show 4 more
Flood risk score
12.5
Wildfire risk score
1.1
Walkability (1 to 20)
5.4
Road, rail and air noise
52 dB
Questions people ask
Is Hamilton County, IL overvalued?
Home prices in Hamilton County, IL are well below what local incomes have historically supported: fair value is about $219,787, so the area is 45.7% undervalued.
Is Hamilton County, IL a buyer's or seller's market?
Hamilton County, IL is a buyer's market: homes take about 79 days to sell, listings are up 71% from a year ago, 44% of listings have had a price cut.
Are home prices going down in Hamilton County, IL?
Home values in Hamilton County, IL are down 2.5% over the last year.
How much do you need to earn to buy a home in Hamilton County, IL?
A household needs about $25,862 a year to afford the typical home in Hamilton County, IL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,346.