Counties / Illinois / Ford County

Ford County, IL

FIPS 17053 · population 13,406 · part of Champaign, IL

$160k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$160k
▲ 4.5% year over year
Zillow ZHVI · direct
ACS median gross rent
$923
occupied-unit survey; not current asking rent
Census ACS · surveyed
Gross yield
n/a
gross yield cannot be computed without measured market rent
requires both measured price and measured rent
HUD 2-bed standard
$916
the Section 8 payment standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+54.6%not annualized · through 2025
0%ZILLOW ZHVI2026-06+4.5%FHFA HPI2025+4.5%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$122k
Surveyed gross rent$923
Rent burden 30%+44.0%
Median year built1955
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
7.0%vacant
6,263estimated housing units
Occupied tenure27.7% renter
owner 72.3%renter 27.7%
Structure mix84.9% single-family
Single-family 84.9%20+ units 2.3%Mobile home 2.0%Other 10.9%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs5,525▼ 3.5% from the prior annual release
Covered establishments365annual average reporting locations
Average weekly wage$1,121▲ 4.4% from the prior annual release
Largest private supersectorEducation and health services29.7% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS−3.5%WEEKLY WAGE+4.4%Education and health services29.7%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Ford County’s central tension is positive published price direction against weakening worksite employment and a looser visible listing market. Zillow reports a $159,725 median home value for June 2026. Its direction is positive, while FHFA’s repeat-transaction HPI rose 4.51% in 2025. That confirms direction across measures, but FHFA is an index rather than a home value and neither method nor period matches Zillow. Cash-flow- and resale-sensitive buyers should be cautious until local transactions and rents are verified.

02Housing economics

Market rent is not published, so gross yield cannot be computed. HUD’s $916 two-bedroom FMR is a payment standard, not market asking rent, and cannot be converted into yield. The effective property-tax rate is 2.12%, a carrying-cost input beside the home-value measure. In the June 2026 Realtor.com MLS listing market, median asking price was 22.36% higher year over year and active listings rose 87.5%. Median marketing time was 70 days, up 72.84%; 18.47% of listings had price reductions and the pending-to-active ratio was 0.80. These are asking-price, visible-supply and concession evidence, not closed sales or proof of buyer demand.

03Demand & competition

QCEW’s 2025 annual average of covered jobs at county workplaces fell 3.53%; it is not resident employment or an unemployment measure. Education and health services was the largest disclosed private supersector, not a description of the entire economy. Tax-return migration recorded 18 more movers in than out, but inbound average AGI was $2,521 below outbound average AGI. That small inflow does not establish stronger purchasing capacity. Nonoccupants accounted for 11 of 154 purchase mortgages, showing investor participation without establishing investor-owned stock or pricing power.

04Risk & next checks

Inland flood is the dominant hazard, and modeled annual climate loss is 0.13% of building value; this county-level measure should be paired with parcel flood-zone, elevation, claims and insurance evidence. Missing market rent prevents yield underwriting; missing closed-sale comps prevents testing whether listing prices can be realized; and missing property-level tax bills, insurance and condition prevent a full expense and replacement-risk view. Next checks are lease evidence, closed transactions, parcel hazard records, insurance quotes and employment by major employer.

Cities & communities

Where people live within Ford County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Paxton city4.1KGibson City city3.4KPiper City village703Roberts village487Melvin village430Sibley village286Elliott village258Kempton village258
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

9 Census places

Population
  1. 01
    Paxton cityIncorporated place
    4,131
  2. 02
    Gibson City cityIncorporated place
    3,434
  3. 03
    Piper City villageIncorporated place
    703
  4. 04
    Roberts villageIncorporated place
    487
  5. 05
    Melvin villageIncorporated place
    430
  6. 06
    Sibley villageIncorporated place
    286
  7. 07
    Elliott villageIncorporated place
    258
  8. 08
    Kempton villageIncorporated place
    258
  9. 09
    Cabery villageIncorporated place · spans 2 counties
    235

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.130% of building value expected lost per year

Effective property tax2.12%

$2,587 median annual bill

02
DemandIRS SOI household flows
Net migration+18

372 in · 354 out

Arriving vs leaving income−$2,521

$45,954 arriving · $48,475 leaving

03
CompetitionHMDA financed purchases
Purchases by investors7.1%

11 of 154 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings30▲ 87.5% year over year
Median days on market70▲ 72.8% year over year
Listings price-reduced18.5%seller-concession signal
Median listing pricen/a▲ 22.4% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

No rent index is published for this county.Zillow’s county rent series does not cover every county, and estimating one from a neighbouring county would be a guess wearing a number’s clothes. Everything above is measured here; for a rent figure, the Champaign, IL page covers the wider market.
Same metro

The other counties in Champaign, IL

A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.

CountyPopulationPriceRentYieldHazard
Ford County13,406$160kn/an/ainland flooding
Champaign County208,741$243k$1,3456.6%inland flooding
Piatt County16,695$230kn/an/ainland flooding
Bear case

What can break the county thesis

  1. Unpublished market rent could materially change cash-flow conclusions.
  2. MLS listing signals may not translate to closed-sale liquidity or price outcomes.
  3. Parcel-specific flood and insurance exposure may differ from the county-level modeled risk.
Underwriting questions

Before pricing a property

Can gross yield be calculated from this record?

No. County market asking rent is not published, and HUD FMR cannot be substituted for market rent.

Do Zillow and FHFA provide a single comparable appreciation rate?

No. Zillow reports a home-value measure, while FHFA reports a repeat-transaction index from a different supplied period.

Does the record establish property-specific flood exposure or insurance cost?

No. It provides a county-level modeled climate-loss measure and identifies inland flood as the dominant hazard, but not parcel-level exposure or insurance quotes.