Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$160,455+8.4% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 27% have cut their price
Income needed to buy, per year$34,783About 0.5× the local median income ($64,425): affordable for a typical household
Days on market53 daysFaster than a year ago: sellers have the edge
The typical home in Stephenson County, IL is worth $160,455, up 8.4% from a year ago. That is well above what local incomes have historically supported: fair value is about $121,189, so the area is 32.4% overvalued. It is a balanced market, leaning toward buyers: homes take about 53 days to sell, listings are up 46% from a year ago, 27% of listings have had a price cut. A household needs about $34,783 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 $64,425. Typical rent is $923 a month. In the latest IRS figures, 48 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
$160,455
Change in 1 year
+8.4%
Overvalued %
+32.4%
Show 6 more
Fair home value
$121,189
Change in 5 years
+47.9%
Home value to income
2.5×
Monthly mortgage payment (20% down)
$870
Income needed to afford it
$34,783
Property tax rate
2.40%
Rent and investing
Typical rent
$923
Price-to-rent ratio
14.5×
HUD Fair Market Rent, 2 bedrooms
$930
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Gross rental yield
6.90%
Cap rate (estimate)
4.49%
Market activity
Listings vs a year ago
+45.9%
Days on market
53
Listings with a price cut
26.8%
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Homes for sale
143
Pending sales per 100 listings
31
Asking price per sq ft
$101
People and jobs
Median household income
$64,425
Population change (1 year)
−0.5%
Unemployment rate
4.3%
Show 4 more
Population
43,220
Income adjusted for cost of living
$73,713
Net moves in (IRS)
+48
Cost of living (US = 100)
87.4
Schools, risk and environment
School rating (1 to 10)
5.2
FEMA hazard risk score (0 to 100)
73.9
Flood risk score
77.9
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Wildfire risk score
27.0
Walkability (1 to 20)
6.5
Road, rail and air noise
53 dB
Questions people ask
Is Stephenson County, IL overvalued?
Home prices in Stephenson County, IL are well above what local incomes have historically supported: fair value is about $121,189, so the area is 32.4% overvalued.
Is Stephenson County, IL a buyer's or seller's market?
Stephenson County, IL is a balanced market, leaning toward buyers: homes take about 53 days to sell, listings are up 46% from a year ago, 27% of listings have had a price cut.
Are home prices going down in Stephenson County, IL?
Home values in Stephenson County, IL are up 8.4% over the last year.
How much do you need to earn to buy a home in Stephenson County, IL?
A household needs about $34,783 a year to afford the typical home in Stephenson County, IL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $64,425.