Ford County, IL

Comprehensive housing, income, and cost of living data for Ford County, Illinois. Population: 13.5K.

Median Home Price
$144.0K

Based on 9 cities

Median Household Income
$60.8K

Annual household income

Price-to-Income Ratio
2.4x

Highly affordable

Salary Needed to Buy
$42.5K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$2,443

Average annual amount

Effective Tax Rate
1.70%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$728
Property Tax$204
Insurance$60.01
Total Monthly$992
Historical Home Prices
2015
$104.5K
2016
$109.4K
+4.7%%
2017
$110.3K
+0.8%%
2018
$110.9K
+0.5%%
2019
$116.7K
+5.2%%
2020
$119.5K
+2.4%%
2021
$119.3K
-0.2%%
2022
$123.7K
+3.7%%
2023
$135.6K
+9.6%%
2024
$141.2K
+4.1%%
2025
$148.4K
+5.1%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
4.6%%

Near national average

Population Density
28

People per square mile

Political Lean (2020)
Competitive

R+1

Racial Demographics

White
90.5%
Black
0.6%
Hispanic
4.6%
Asian
0.7%
Two or More Races
3.1%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
51°F

Annual average

Sunny Days
200

Days per year

Annual Rainfall
38.9"

Inches per year

Natural Disaster Risk
Moderate Risk

Score: 26/100

Frequently Asked Questions

What is the median home price in Ford County, IL?

The median home price in Ford County, Illinois is $144.0K. The price-to-income ratio is 2.4x, meaning the median home costs 2.4 times the median household income.

What salary do you need to buy a home in Ford County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $42.5K per year to buy the median home in Ford County, IL. Monthly housing costs break down to $728 for mortgage, $204 for property tax, and $60.01 for insurance.

What is the property tax rate in Ford County?

The effective property tax rate in Ford County is 1.70%, which comes to approximately $2,443 per year on the median home.

What is the median household income in Ford County?

The median household income in Ford County, Illinois is $60.8K per year, based on Census Bureau American Community Survey data. The unemployment rate is 4.6%%.

Is Ford County a good place to live?

Ford County, Illinois has a population of 13.5K. Housing affordability is strong with a price-to-income ratio of 2.4x. The climate averages 51 degrees F with 200 sunny days per year. Compare Ford County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.