Pike County, IL

Comprehensive housing, income, and cost of living data for Pike County, Illinois. Population: 14.8K.

Median Home Price
$107.3K

Based on 11 cities

Median Household Income
$58.0K

Annual household income

Price-to-Income Ratio
1.8x

Highly affordable

Salary Needed to Buy
$30.7K

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

Housing & Finance

Annual Property Tax
$1,557

Average annual amount

Effective Tax Rate
1.45%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$543
Property Tax$130
Insurance$44.71
Total Monthly$717
Historical Home Prices
2016
$76.5K
2017
$81.8K
+6.9%%
2018
$77.9K
-4.7%%
2019
$77.9K
+0.0%%
2020
$87.2K
+11.9%%
2021
$83.6K
-4.1%%
2022
$87.8K
+5.0%%
2023
$89.9K
+2.3%%
2024
$100.4K
+11.7%%
2025
$110.2K
+9.8%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
5.4%%

Near national average

Population Density
18

People per square mile

Political Lean (2020)
Competitive

R+1

Racial Demographics

White
95%
Black
0.5%
Hispanic
1.9%
Asian
0.3%
Two or More Races
1.5%

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

Climate & Environment

Average Temperature
54°F

Annual average

Sunny Days
173

Days per year

Annual Rainfall
38.9"

Inches per year

Natural Disaster Risk
Moderate Risk

Score: 30/100

Frequently Asked Questions

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

The median home price in Pike County, Illinois is $107.3K. The price-to-income ratio is 1.8x, meaning the median home costs 1.8 times the median household income.

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

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $30.7K per year to buy the median home in Pike County, IL. Monthly housing costs break down to $543 for mortgage, $130 for property tax, and $44.71 for insurance.

What is the property tax rate in Pike County?

The effective property tax rate in Pike County is 1.45%, which comes to approximately $1,557 per year on the median home.

What is the median household income in Pike County?

The median household income in Pike County, Illinois is $58.0K per year, based on Census Bureau American Community Survey data. The unemployment rate is 5.4%%.

Is Pike County a good place to live?

Pike County, Illinois has a population of 14.8K. Housing affordability is strong with a price-to-income ratio of 1.8x. The climate averages 54 degrees F with 173 sunny days per year. Compare Pike County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.