Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$101,292+3.4% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 21% have cut their price
Income needed to buy, per year$21,958About 0.4× the local median income ($62,276): affordable for a typical household
Days on market73 daysFaster than a year ago: sellers have the edge
The typical home in McDonough County, IL is worth $101,292, up 3.4% from a year ago. That is well below what local incomes have historically supported: fair value is about $136,866, so the area is 26.0% undervalued. It is a buyer's market: homes take about 73 days to sell, listings are up 16% from a year ago, 21% of listings have had a price cut. A household needs about $21,958 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 $62,276. In the latest IRS figures, 46 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
$101,292
Change in 1 year
+3.4%
Overvalued %
−26.0%
Show 6 more
Fair home value
$136,866
Change in 5 years
+10.2%
Home value to income
1.6×
Monthly mortgage payment (20% down)
$549
Income needed to afford it
$21,958
Property tax rate
2.13%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$930
Market activity
Listings vs a year ago
+15.8%
Days on market
73
Listings with a price cut
21.3%
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Homes for sale
110
Pending sales per 100 listings
35
Asking price per sq ft
$74
People and jobs
Median household income
$62,276
Population change (1 year)
−0.8%
Unemployment rate
7.9%
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Population
25,916
Income adjusted for cost of living
$71,254
Net moves in (IRS)
−46
Cost of living (US = 100)
87.4
Schools, risk and environment
School rating (1 to 10)
4.8
FEMA hazard risk score (0 to 100)
37.5
Flood risk score
21.1
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Wildfire risk score
0.9
Walkability (1 to 20)
5.6
Road, rail and air noise
51 dB
Questions people ask
Is McDonough County, IL overvalued?
Home prices in McDonough County, IL are well below what local incomes have historically supported: fair value is about $136,866, so the area is 26.0% undervalued.
Is McDonough County, IL a buyer's or seller's market?
McDonough County, IL is a buyer's market: homes take about 73 days to sell, listings are up 16% from a year ago, 21% of listings have had a price cut.
Are home prices going down in McDonough County, IL?
Home values in McDonough County, IL are up 3.4% over the last year.
How much do you need to earn to buy a home in McDonough County, IL?
A household needs about $21,958 a year to afford the typical home in McDonough County, IL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $62,276.