Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$140,972+8.6% YoY · prices are rising fast
Market right nowSeller's marketFewer homes for sale than last year, 11% have cut their price
Income needed to buy, per year$30,560About 0.4× the local median income ($68,273): affordable for a typical household
Days on market69 daysSlower than a year ago: buyers have time to negotiate
The typical home in Richland County, IL is worth $140,972, up 8.6% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $154,734, so the area is 8.9% undervalued. It is a seller's market: homes take about 69 days to sell, listings are down 0% from a year ago, 11% of listings have had a price cut. A household needs about $30,560 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 $68,273. In the latest IRS figures, 143 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
$140,972
Change in 1 year
+8.6%
Overvalued %
−8.9%
Show 6 more
Fair home value
$154,734
Change in 5 years
+19.8%
Home value to income
2.1×
Monthly mortgage payment (20% down)
$764
Income needed to afford it
$30,560
Property tax rate
1.58%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$935
Market activity
Listings vs a year ago
0.0%
Days on market
69
Listings with a price cut
11.1%
Show 3 more
Homes for sale
22
Pending sales per 100 listings
41
Asking price per sq ft
$94
People and jobs
Median household income
$68,273
Population change (1 year)
−1.0%
Unemployment rate
3.1%
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Population
15,219
Income adjusted for cost of living
$78,116
Net moves in (IRS)
−143
Cost of living (US = 100)
87.4
Schools, risk and environment
School rating (1 to 10)
5.7
FEMA hazard risk score (0 to 100)
46.7
Flood risk score
41.3
Show 3 more
Wildfire risk score
2.7
Walkability (1 to 20)
6.7
Road, rail and air noise
52 dB
Questions people ask
Is Richland County, IL overvalued?
Home prices in Richland County, IL are slightly below what local incomes have historically supported: fair value is about $154,734, so the area is 8.9% undervalued.
Is Richland County, IL a buyer's or seller's market?
Richland County, IL is a seller's market: homes take about 69 days to sell, listings are down 0% from a year ago, 11% of listings have had a price cut.
Are home prices going down in Richland County, IL?
Home values in Richland County, IL are up 8.6% over the last year.
How much do you need to earn to buy a home in Richland County, IL?
A household needs about $30,560 a year to afford the typical home in Richland County, IL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $68,273.