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McDonough County

Learn about the people, housing, costs and businesses in McDonough County County

Median Home$110,481
Median Rent$743/month
Population26,920
Leading IndustryPublic Administration27% of local workforce
Home Value Growth⬆⬆+15.1% over 2 years
Young Adults37% of residentstop 3% nationally
Homeowners63% of occupied units
NotableTransit72/100 · excellent transit access
NotableAffordable Market$110k median home · lower cost than 90% of the country
McDonough County
IL

Frequently Asked Questions

What are today's mortgage rates in McDonough County?

As of today, the 30-year fixed mortgage rate for McDonough County is approximately 7.441% (7.484% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for McDonough County
What is the median home price in McDonough County?

The median home value in McDonough County is $110k. The median monthly rent is $743. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in McDonough County?

Home values in McDonough County have increased 15.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in McDonough County?

Based on a typical all-in ownership cost of $814/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in McDonough County is $56k/year.

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What industries drive the economy in McDonough County?

The largest employment sectors in McDonough County are public administration (27%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas