Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$125,180+3.5% YoY · prices are rising fast
Market right nowBalanced marketFewer homes for sale than last year, 8% have cut their price
Income needed to buy, per year$27,136About 0.4× the local median income ($61,720): affordable for a typical household
Days on market75 daysFaster than a year ago: sellers have the edge
The typical home in Wayne County, IL is worth $125,180, up 3.5% from a year ago. That is well below what local incomes have historically supported: fair value is about $150,572, so the area is 16.9% undervalued. It is a balanced market: homes take about 75 days to sell, listings are down 0% from a year ago, 8% of listings have had a price cut. A household needs about $27,136 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 $61,720. In the latest IRS figures, 3 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
$125,180
Change in 1 year
+3.5%
Overvalued %
−16.9%
Show 6 more
Fair home value
$150,572
Change in 5 years
+8.2%
Home value to income
2.0×
Monthly mortgage payment (20% down)
$678
Income needed to afford it
$27,136
Property tax rate
1.49%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$930
Market activity
Listings vs a year ago
0.0%
Days on market
75
Listings with a price cut
8.0%
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Homes for sale
66
Pending sales per 100 listings
32
Asking price per sq ft
$101
People and jobs
Median household income
$61,720
Population change (1 year)
−0.0%
Unemployment rate
3.4%
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Population
15,882
Income adjusted for cost of living
$70,618
Net moves in (IRS)
+3
Cost of living (US = 100)
87.4
Schools, risk and environment
School rating (1 to 10)
6.0
FEMA hazard risk score (0 to 100)
40.7
Flood risk score
35.4
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Wildfire risk score
1.5
Walkability (1 to 20)
5.0
Road, rail and air noise
53 dB
Questions people ask
Is Wayne County, IL overvalued?
Home prices in Wayne County, IL are well below what local incomes have historically supported: fair value is about $150,572, so the area is 16.9% undervalued.
Is Wayne County, IL a buyer's or seller's market?
Wayne County, IL is a balanced market: homes take about 75 days to sell, listings are down 0% from a year ago, 8% of listings have had a price cut.
Are home prices going down in Wayne County, IL?
Home values in Wayne County, IL are up 3.5% over the last year.
How much do you need to earn to buy a home in Wayne County, IL?
A household needs about $27,136 a year to afford the typical home in Wayne County, IL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,720.