Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$118,878+0.9% YoY · prices are rising
Market right nowSeller's marketFewer homes for sale than last year, 11% have cut their price
Income needed to buy, per year$25,770About 0.4× the local median income ($67,372): affordable for a typical household
Days on market64 daysFaster than a year ago: sellers have the edge
The typical home in Perry County, IL is worth $118,878, up 0.9% from a year ago. That is well below what local incomes have historically supported: fair value is about $162,464, so the area is 26.8% undervalued. It is a seller's market: homes take about 64 days to sell, listings are down 16% from a year ago, 11% of listings have had a price cut. A household needs about $25,770 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 $67,372. In the latest IRS figures, 2 more people moved in than out.
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
$118,878
Change in 1 year
+0.9%
Overvalued %
−26.8%
Show 6 more
Fair home value
$162,464
Change in 5 years
+8.2%
Home value to income
1.8×
Monthly mortgage payment (20% down)
$644
Income needed to afford it
$25,770
Property tax rate
1.60%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$930
Market activity
Listings vs a year ago
−15.8%
Days on market
64
Listings with a price cut
11.1%
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Homes for sale
32
Pending sales per 100 listings
75
Asking price per sq ft
$80
People and jobs
Median household income
$67,372
Population change (1 year)
−1.1%
Unemployment rate
4.6%
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Population
20,160
Income adjusted for cost of living
$77,085
Net moves in (IRS)
+2
Cost of living (US = 100)
87.4
Schools, risk and environment
School rating (1 to 10)
5.3
FEMA hazard risk score (0 to 100)
72.1
Flood risk score
49.8
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Wildfire risk score
3.8
Walkability (1 to 20)
5.6
Road, rail and air noise
52 dB
Questions people ask
Is Perry County, IL overvalued?
Home prices in Perry County, IL are well below what local incomes have historically supported: fair value is about $162,464, so the area is 26.8% undervalued.
Is Perry County, IL a buyer's or seller's market?
Perry County, IL is a seller's market: homes take about 64 days to sell, listings are down 16% from a year ago, 11% of listings have had a price cut.
Are home prices going down in Perry County, IL?
Home values in Perry County, IL are up 0.9% over the last year.
How much do you need to earn to buy a home in Perry County, IL?
A household needs about $25,770 a year to afford the typical home in Perry County, IL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,372.