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Fayette County Housing Market

Illinois · 102 counties · Ranked #520 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$114,700

vs national$114,700 vs $281,900 national

Median Gross Rent

$740/mo

vs national$740 vs $1,163 national

Effective Tax Rate

1.52%

vs national+1.52% vs 1.02% national

Median Household Income

$57,113

vs national$57,113 vs $74,755 national

Affordability Ratio

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

25.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,740

Tax as % of Home Value

1.52%

Monthly Owner Cost

$667

Renter Income

$34,413

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Fayette County?

The median home value in Fayette County is $114,700. This is below the national median of $281,900.

How much is rent in Fayette County?

The median gross rent in Fayette County is $740 per month.

What is the property tax rate in Fayette County?

The effective property tax rate in Fayette County is 1.52%. The median annual property tax bill is $1,740.

Is Fayette County affordable?

With a home-value-to-income ratio of 2x, Fayette County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.