Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$242,033+3.1% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 25% have cut their price
Income needed to buy, per year$52,468About 0.6× the local median income ($93,892): affordable for a typical household
Days on market58 daysAbout the same pace as a year ago
Next 12 months+4.2%Zillow expects prices to rise strongly
The typical home in Piatt County, IL is worth $242,033, up 3.1% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $247,744, so the area is 2.3% undervalued. It is a balanced market: homes take about 58 days to sell, listings are up 5% from a year ago, 25% of listings have had a price cut. Zillow expects prices to rise about 4.2% over the next year. A household needs about $52,468 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 $93,892. In the latest IRS figures, 33 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
$242,033
Change in 1 year
+3.1%
Overvalued %
−2.3%
Show 7 more
Fair home value
$247,744
Change in 5 years
+25.0%
Zillow forecast, next 12 months
+4.2%
Home value to income
2.6×
Monthly mortgage payment (20% down)
$1,312
Income needed to afford it
$52,468
Property tax rate
1.81%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,173
Market activity
Listings vs a year ago
+5.0%
Days on market
58
Listings with a price cut
25.3%
Show 3 more
Homes for sale
42
Pending sales per 100 listings
43
Asking price per sq ft
$169
People and jobs
Median household income
$93,892
Population change (1 year)
+0.9%
Unemployment rate
2.8%
Show 4 more
Population
16,791
Income adjusted for cost of living
$101,286
Net moves in (IRS)
+33
Cost of living (US = 100)
92.7
Schools, risk and environment
School rating (1 to 10)
7.7
FEMA hazard risk score (0 to 100)
35.0
Flood risk score
43.7
Show 3 more
Wildfire risk score
4.0
Walkability (1 to 20)
6.3
Road, rail and air noise
52 dB
Questions people ask
Is Piatt County, IL overvalued?
Home prices in Piatt County, IL are slightly below what local incomes have historically supported: fair value is about $247,744, so the area is 2.3% undervalued.
Is Piatt County, IL a buyer's or seller's market?
Piatt County, IL is a balanced market: homes take about 58 days to sell, listings are up 5% from a year ago, 25% of listings have had a price cut.
Are home prices going down in Piatt County, IL?
Home values in Piatt County, IL are up 3.1% over the last year. Zillow's forecast for the next 12 months is +4.2%.
How much do you need to earn to buy a home in Piatt County, IL?
A household needs about $52,468 a year to afford the typical home in Piatt County, IL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $93,892.