Counties / Illinois / Richland County

Richland County, IL

FIPS 17159 · population 15,598 · outside every metro area

$141k
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
$141k
▲ 10.5% year over year
Zillow ZHVI · direct
ACS median gross rent
$805
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+34.1%not annualized · through 2025
0%ZILLOW ZHVI2026-06+10.5%FHFA HPI2025+4.1%
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$112k
Surveyed gross rent$805
Rent burden 30%+46.2%
Median year built1973
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
12.5%vacant
7,363estimated housing units
Occupied tenure26.3% renter
owner 73.8%renter 26.3%
Structure mix77.9% single-family
Single-family 77.9%20+ units 2.9%Mobile home 14.1%Other 5.1%
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 jobs5,735▼ 1.7% from the prior annual release
Covered establishments379annual average reporting locations
Average weekly wage$987▲ 2.6% from the prior annual release
Largest private supersectorTrade, transportation, and utilities46.4% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS−1.7%WEEKLY WAGE+2.6%Trade, transportation, and utilities46.4%
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

Richland County’s decision tension is a $140,556 Zillow county home-value reading with 10.49% year-over-year growth versus evidence that does not establish rent coverage or resale depth. This merits investigation by buyers whose underwriting depends on current cash flow or prompt exit liquidity: the price signal is positive, but it cannot independently show sustainable operating income or transaction demand. Zillow’s 2026-06 observation is a county home-value measure, not a closed-sale price.

02Housing economics

FHFA’s 2025 repeat-transaction HPI rose 4.06%, directionally consistent with Zillow but not comparable: it is an appreciation index, not a dollar home price, and the vintage and method differ. HUD’s $916 monthly FMR is a payment standard rather than an asking-rent estimate. Market rent is not published, so gross yield cannot be computed or inferred from FMR. The 1.58% effective property-tax rate and $1,769 median annual tax add a carrying-cost test that must be resolved at the parcel level.

03Demand & competition

QCEW’s 2025 annual average covers jobs at county workplaces, not resident employment. Covered employment fell 1.70%, while the covered-worker average weekly wage was $987. Trade, transportation, and utilities had 2,292 jobs and represented 46.41% of private covered employment; that identifies the largest disclosed private supersector, not the entire economy. Tax-return migration was net negative by 57 households, and moving-in households had lower average income than those leaving. One investor purchase among 56 total purchases, or 1.79%, indicates limited measured non-owner mortgage participation, not proof of weak or strong buyer competition.

04Risk & next checks

Inland flood is the dominant hazard, and the modeled climate loss ratio is 0.15% of building value annually; it is not a parcel-specific insurance quote or damage prediction. Realtor.com MLS listing figures—median asking price, active listings, days on market, reductions and pendings—are not published here, so visible supply, seller concessions and marketing time cannot be assessed. Obtain property-level market rents, insurance and flood-zone details, operating expenses, condition, and comparable closed sales before deciding whether the price trend is supportable.

Cities & communities

Where people live within Richland 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
Olney city8.6KNoble village649Dundas CDP272Parkersburg village237Calhoun village227Claremont village195
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

6 Census places

Population
  1. 01
    Olney cityIncorporated place
    8,577
  2. 02
    Noble villageIncorporated place
    649
  3. 03
    Dundas CDPCensus-designated place
    272
  4. 04
    Parkersburg villageIncorporated place
    237
  5. 05
    Calhoun villageIncorporated place
    227
  6. 06
    Claremont villageIncorporated place
    195

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

0.153% of building value expected lost per year

Effective property tax1.58%

$1,769 median annual bill

02
DemandIRS SOI household flows
Net migration-57

271 in · 328 out

Arriving vs leaving income−$860

$42,841 arriving · $43,701 leaving

03
CompetitionHMDA financed purchases
Purchases by investors1.8%

1 of 56 mortgages

investorother financed
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; no wider market is mapped for it either.
Bear case

What can break the county thesis

  1. Unpublished market rent prevents cash-flow and gross-yield underwriting.
  2. Absent MLS inventory and marketing metrics prevent assessment of visible supply, concessions, and liquidity.
  3. Inland-flood exposure and modeled climate loss can vary materially by parcel, coverage, and mitigation.
Underwriting questions

Before pricing a property

Can gross yield be calculated from this record?

No. Market rent is not published, and HUD FMR cannot substitute for it.

What does QCEW measure in this record?

Annual average covered jobs at workplaces in the county, not resident employment.

What is the named dominant hazard?

Inland flood; the record also supplies a modeled climate-loss ratio.