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McDonough County Housing Market

Illinois · 102 counties · Ranked #320 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$103,500

vs national$103,500 vs $281,900 national

Median Gross Rent

$730/mo

vs national$730 vs $1,163 national

Effective Tax Rate

2.16%

vs national+2.16% vs 1.02% national

Median Household Income

$50,434

vs national$50,434 vs $74,755 national

Affordability Ratio

2.1x

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

Rent Burden

30.0%

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

More Housing Data

Property Tax (Median)

$2,238

Tax as % of Home Value

2.16%

Monthly Owner Cost

$832

Renter Income

$23,837

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Frequently Asked Questions

What is the median home value in McDonough County?

The median home value in McDonough County is $103,500. This is below the national median of $281,900.

How much is rent in McDonough County?

The median gross rent in McDonough County is $730 per month.

What is the property tax rate in McDonough County?

The effective property tax rate in McDonough County is 2.16%. The median annual property tax bill is $2,238.

Is McDonough County affordable?

With a home-value-to-income ratio of 2.1x, McDonough 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.