Hancock County, Illinois home prices
Typical home $115,014 · +2.5% in a year · property tax 1.81%
The typical home in Hancock County is worth $115,014, 61% less than the Illinois typical home ($295,943). Values changed +2.5% in the past year and +8.9% over five years. Homeowners here pay a median 1.81% of their home's value in property tax each year ($2,081 on the typical home), versus 1.92% statewide.
Mortgage on the typical Hancock County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $23,003 | $92,011 | $619 | $0 | $231 | $850 | $36,400 |
| 10% down | $11,501 | $103,512 | $696 | $43 | $231 | $970 | $41,600 |
| 5% down | $5,751 | $109,263 | $735 | $46 | $231 | $1,011 | $43,300 |
| 3.5% down (FHA) | $4,025 | $112,930 | $760 | $51 | $231 | $1,041 | $44,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.81% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Illinois · part of the Fort Madison metro area.
Illinois counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Massac County | $117,414 | +3.1% | 1.4% |
| White County | $117,551 | +7.7% | 1.34% |
| Franklin County | $112,382 | +5.1% | 1.57% |
| Warren County | $118,135 | -0.0% | 1.81% |
| Edwards County | $118,550 | +0.6% | 1.45% |
| Perry County | $118,878 | +0.9% | 1.6% |
| Hamilton County | $119,299 | -2.5% | 1.33% |
| Edgar County | $110,427 | +1.0% | 1.45% |
| Knox County | $120,138 | +11.8% | 1.96% |
| Pike County | $120,686 | +5.3% | 1.53% |
Frequently asked questions
What is the average home price in Hancock County, IL?
The typical home value in Hancock County is $115,014 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Hancock County?
About $36,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Hancock County?
The median effective rate is 1.81% of home value a year (Census ACS 2024 5-year estimates).