Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$188,606+6.6% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$40,886About 0.6× the local median income ($70,166): affordable for a typical household
Days on market46 daysAbout the same pace as a year ago
The typical home in Lee County, IL is worth $188,606, up 6.6% from a year ago. That is well above what local incomes have historically supported: fair value is about $167,425, so the area is 12.7% overvalued. It is a balanced market: homes take about 46 days to sell, listings are up 13% from a year ago, 26% of listings have had a price cut. A household needs about $40,886 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 $70,166. Typical rent is $1,108 a month. In the latest IRS figures, 198 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
$188,606
Change in 1 year
+6.6%
Overvalued %
+12.7%
Show 6 more
Fair home value
$167,425
Change in 5 years
+30.4%
Home value to income
2.7×
Monthly mortgage payment (20% down)
$1,022
Income needed to afford it
$40,886
Property tax rate
1.97%
Rent and investing
Typical rent
$1,108
Price-to-rent ratio
14.2×
HUD Fair Market Rent, 2 bedrooms
$930
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Gross rental yield
7.05%
Cap rate (estimate)
4.58%
Market activity
Listings vs a year ago
+13.1%
Days on market
46
Listings with a price cut
26.0%
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Homes for sale
69
Pending sales per 100 listings
58
Asking price per sq ft
$125
People and jobs
Median household income
$70,166
Population change (1 year)
+0.2%
Unemployment rate
5.2%
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Population
32,914
Income adjusted for cost of living
$80,281
Net moves in (IRS)
−198
Cost of living (US = 100)
87.4
Schools, risk and environment
School rating (1 to 10)
4.5
FEMA hazard risk score (0 to 100)
54.4
Flood risk score
62.5
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Wildfire risk score
9.4
Walkability (1 to 20)
6.3
Road, rail and air noise
52 dB
Questions people ask
Is Lee County, IL overvalued?
Home prices in Lee County, IL are well above what local incomes have historically supported: fair value is about $167,425, so the area is 12.7% overvalued.
Is Lee County, IL a buyer's or seller's market?
Lee County, IL is a balanced market: homes take about 46 days to sell, listings are up 13% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Lee County, IL?
Home values in Lee County, IL are up 6.6% over the last year.
How much do you need to earn to buy a home in Lee County, IL?
A household needs about $40,886 a year to afford the typical home in Lee County, IL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $70,166.