Woodford County, IL

Comprehensive housing, income, and cost of living data for Woodford County, Illinois. Population: 38.4K.

Median Home Price
$202.8K

Based on 12 cities

Median Household Income
$85.6K

Annual household income

Price-to-Income Ratio
2.4x

Highly affordable

Salary Needed to Buy
$62.6K

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

Housing & Finance

Annual Property Tax
$4,224

Average annual amount

Effective Tax Rate
2.08%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$1,025
Property Tax$352
Insurance$84.48
Total Monthly$1,462
Historical Home Prices
2015
$160.9K
2016
$156.9K
-2.5%%
2017
$153.0K
-2.5%%
2018
$145.4K
-5.0%%
2019
$158.1K
+8.7%%
2020
$171.1K
+8.2%%
2021
$177.7K
+3.9%%
2022
$188.1K
+5.8%%
2023
$191.3K
+1.7%%
2024
$196.6K
+2.8%%
2025
$219.1K
+11.4%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
5.1%%

Near national average

Population Density
73

People per square mile

Homicide Rate
5.7

Low (per 100K residents)

Political Lean (2020)
Competitive

R+0

Racial Demographics

White
94%
Black
0.6%
Hispanic
2%
Asian
0.5%
Two or More Races
2.6%

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

Climate & Environment

Average Temperature
51°F

Annual average

Sunny Days
205

Days per year

Annual Rainfall
37.7"

Inches per year

Natural Disaster Risk
Moderate Risk

Score: 40/100

Frequently Asked Questions

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

The median home price in Woodford County, Illinois is $202.8K. 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 Woodford County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $62.6K per year to buy the median home in Woodford County, IL. Monthly housing costs break down to $1,025 for mortgage, $352 for property tax, and $84.48 for insurance.

What is the property tax rate in Woodford County?

The effective property tax rate in Woodford County is 2.08%, which comes to approximately $4,224 per year on the median home.

What is the median household income in Woodford County?

The median household income in Woodford County, Illinois is $85.6K per year, based on Census Bureau American Community Survey data. The unemployment rate is 5.1%%.

Is Woodford County a good place to live?

Woodford County, Illinois has a population of 38.4K. Housing affordability is strong with a price-to-income ratio of 2.4x. The climate averages 51 degrees F with 205 sunny days per year. Compare Woodford County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.