The Most Affordable Neighborhoods in Hancock County, IL by Home Value

These days, finding an affordable place to live in the Hancock County area can be challenging. Home prices in Hancock County are now at a median cost of $129,608, lower than the Illinois average of $300,242.

The average cost of rent is $777/mo in Hancock County, primarily driven by the current value of real estate in the Hancock County area. In Hancock County, 18.68% of households rent, and 56.65% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Hancock County is $5,767 per month. Households that rent pay about 13.47% of their income on rent here. Hancock County’s most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the county.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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