Richland County, Illinois home prices
Typical home $140,972 · +8.6% in a year · property tax 1.58%
The typical home in Richland County is worth $140,972, 52% less than the Illinois typical home ($295,943). Values changed +8.6% in the past year and +19.8% over five years. Homeowners here pay a median 1.58% of their home's value in property tax each year ($2,227 on the typical home), versus 1.92% statewide.
Mortgage on the typical Richland County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $28,194 | $112,777 | $759 | $0 | $256 | $1,015 | $43,500 |
| 10% down | $14,097 | $126,875 | $853 | $53 | $256 | $1,162 | $49,800 |
| 5% down | $7,049 | $133,923 | $901 | $56 | $256 | $1,213 | $52,000 |
| 3.5% down (FHA) | $4,934 | $138,418 | $931 | $62 | $256 | $1,250 | $53,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.58% 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.
Illinois counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Stark County | $142,649 | +8.8% | 1.69% |
| Logan County | $142,869 | +7.4% | 1.77% |
| Marshall County | $143,851 | +8.1% | 1.94% |
| Macoupin County | $144,350 | +2.3% | 1.5% |
| Wabash County | $137,029 | +4.3% | 1.41% |
| Coles County | $145,077 | +5.4% | 1.94% |
| Montgomery County | $136,570 | +6.1% | 1.68% |
| Crawford County | $136,455 | -5.0% | 1.49% |
| Morgan County | $136,343 | +3.6% | 1.76% |
| Christian County | $136,066 | +4.6% | 1.64% |
Frequently asked questions
What is the average home price in Richland County, IL?
The typical home value in Richland County is $140,972 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Richland County?
About $43,500 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Richland County?
The median effective rate is 1.58% of home value a year (Census ACS 2024 5-year estimates).