Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$189,622+6.5% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 23% have cut their price
Income needed to buy, per year$41,106About 0.5× the local median income ($78,573): affordable for a typical household
Days on market32 daysFaster than a year ago: sellers have the edge
Next 12 months+4.7%Zillow expects prices to rise strongly
The typical home in Tazewell County, IL is worth $189,622, up 6.5% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $177,573, so the area is 6.8% overvalued. It is a balanced market: homes take about 32 days to sell, listings are up 29% from a year ago, 23% of listings have had a price cut. Zillow expects prices to rise about 4.7% over the next year. A household needs about $41,106 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 $78,573. Typical rent is $986 a month, or $1,094 for a house. In the latest IRS figures, 314 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
$189,622
Change in 1 year
+6.5%
Overvalued %
+6.8%
Show 7 more
Fair home value
$177,573
Change in 5 years
+39.1%
Zillow forecast, next 12 months
+4.7%
Home value to income
2.4×
Monthly mortgage payment (20% down)
$1,028
Income needed to afford it
$41,106
Property tax rate
2.11%
Rent and investing
Typical rent
$986
Typical rent for houses
$1,094
Price-to-rent ratio
16.0×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,212
Gross rental yield
6.24%
Cap rate (estimate)
4.06%
Market activity
Listings vs a year ago
+28.6%
Days on market
32
Listings with a price cut
23.1%
Show 3 more
Homes for sale
234
Pending sales per 100 listings
65
Asking price per sq ft
$117
People and jobs
Median household income
$78,573
Population change (1 year)
+0.1%
Unemployment rate
3.6%
Show 4 more
Population
130,049
Income adjusted for cost of living
$86,155
Net moves in (IRS)
+314
Cost of living (US = 100)
91.2
Schools, risk and environment
School rating (1 to 10)
6.7
FEMA hazard risk score (0 to 100)
84.2
Flood risk score
84.4
Show 3 more
Wildfire risk score
8.0
Walkability (1 to 20)
8.5
Road, rail and air noise
53 dB
Questions people ask
Is Tazewell County, IL overvalued?
Home prices in Tazewell County, IL are slightly above what local incomes have historically supported: fair value is about $177,573, so the area is 6.8% overvalued.
Is Tazewell County, IL a buyer's or seller's market?
Tazewell County, IL is a balanced market: homes take about 32 days to sell, listings are up 29% from a year ago, 23% of listings have had a price cut.
Are home prices going down in Tazewell County, IL?
Home values in Tazewell County, IL are up 6.5% over the last year. Zillow's forecast for the next 12 months is +4.7%.
How much do you need to earn to buy a home in Tazewell County, IL?
A household needs about $41,106 a year to afford the typical home in Tazewell County, IL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,573.