Wayne County, IL real estate

Market data, tax and rent figures from the 2024 Census survey.

Median home value

$110,700Median home value · Census

Property tax rate

1.49%Below state avg 2.01%Median bill $1,653/yr · Census

Median rent

$6572-bed $664Per month · Census

30-yr mortgage rate

7.24%Freddie Mac weekly average

What the numbers say

Wayne County, IL real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Wayne County pay a median of $1,653 a year in property taxes on a median home value of $110,700, an effective rate of about 1.49%. The Illinois average is 2.01%, which makes Wayne County the #19 lowest-tax of 102 counties in the state with published tax data.

Renters pay a median of $657 a month, and $664 for a two-bedroom. At today's prices a typical home costs about 14 times a year's rent, which generally favors buying.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $111,000 home here comes to about $787 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $34,000 a year (the median household here earns $55,521).

Monthly payment on a typical home

$787/mo
  • Principal & interest$604
  • Property tax$138
  • Insurance (est.)$46

$111,000 home · 20% down · 7.24% 30-year fixed

Run your own numbers

Rents in Wayne County by bedrooms

1 bedroom$51554% below state
2 bedrooms$66448% below state
3 bedrooms$76648% below state

Median gross rent (rent plus utilities), US Census American Community Survey 2024 5-year estimates.

Selling here?See what you'd walk away with after commissions and closing costs.Seller net sheet → Buying here?Monthly payment with Wayne County's real property tax rate.Mortgage calculator → Agent here?Find out how many listing appointments you need to hit your income goal.Agent income calculator →

Other Illinois counties

All Illinois counties compared →

Real estate agent in Wayne County?

We find motivated homeowners, qualify them, and book the call onto your calendar.

Book a discovery call

Sources: Realtor.com housing inventory (monthly) and Freddie Mac Primary Mortgage Market Survey (weekly), via FRED, Federal Reserve Bank of St. Louis; US Census Bureau American Community Survey 5-year estimates (property taxes, home values, rents, income). Insurance is an estimate. Medians for the whole county; individual homes vary. For information only.