Effingham, IL housing market
The typical Effingham home is worth about $237,000, up 2.8% in a year, 20% below the Illinois typical home. Homes typically sell in 30 days, close to asking.
Home values, sales, trends and how Effingham compares with the towns next door — updated as new data is published.
Effingham at a glance
A seller's market
Supply is tight — about 2.5 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Effingham | Illinois |
|---|---|---|
| 2017 | $150,000 | $181,000 |
| 2018 | $158,000 | $190,000 |
| 2019 | $164,000 | $195,000 |
| 2020 | $171,000 | $200,000 |
| 2021 | $182,000 | $215,000 |
| 2022 | $204,000 | $236,000 |
| 2023 | $215,000 | $248,000 |
| 2024 | $216,000 | $263,000 |
| 2025 | $223,000 | $278,000 |
| 2026 | $234,000 | $290,000 |
| August 2026 | $237,000 | $298,000 |
43 new homes permitted in 2025
Builders were permitted 43 new homes in Effingham in 2025: 23 single-family houses and 20 in buildings with two or more homes, worth about $13.7 million to build. That's 3.5 per 1,000 residents, faster than across Illinois (1.6). Over the past 10 years, Effingham has permitted 348 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Effingham's population fell by 76 even though 400 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 35 | 14 | 21 | $10 million |
| 2025 | 43 | 23 | 20 | $13.7 million |
| 2024 | 14 | 14 | 0 | $5.6 million |
| 2023 | 53 | 17 | 36 | $8.8 million |
| 2022 | 45 | 21 | 24 | $13.5 million |
| 2021 | 23 | 15 | 8 | $6.3 million |
| 2020 | 37 | 17 | 20 | $6.6 million |
| 2019 | 66 | 14 | 52 | $11.8 million |
| 2018 | 12 | 10 | 2 | $3.7 million |
| 2017 | 27 | 21 | 6 | $4.9 million |
| 2016 | 28 | 18 | 10 | $4.9 million |
| 2015 | 51 | 19 | 32 | $8.9 million |
| 2014 | 17 | 17 | 0 | $3.6 million |
| 2013 | 27 | 14 | 13 | $944,000 |
| 2012 | 11 | 11 | 0 | $3 million |
| 2011 | 24 | 20 | 4 | $5.2 million |
| 2010 | 137 | 8 | 129 | $9 million |
| 2009 | 38 | 22 | 16 | $5.3 million |
| 2008 | 60 | 44 | 16 | $12 million |
| 2007 | 30 | 24 | 6 | $6.4 million |
| 2006 | 58 | 50 | 8 | $8.1 million |
| 2005 | 63 | 55 | 8 | $8.9 million |
| 2004 | 56 | 56 | 0 | $8.4 million |
| 2003 | 47 | 41 | 6 | $7.1 million |
| 2002 | 40 | 25 | 15 | $4 million |
| 2001 | 39 | 31 | 8 | $5 million |
| 2000 | 36 | 28 | 8 | $4.9 million |
How Effingham ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Effingham and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Effingham | $237K | +2.8% | $920 | 43 | $72,377 |
| Douglas | — | +6.3%† | $920 | — | $74,666 |
| Summit | — | +7.2%† | $930 | — | $111,488 |
| Teutopolis | $277K | +2.4% | $920 | — | $106,786 |
† FHFA price index change, where Zillow has no home value for the town.
3.3 years of income
The typical Effingham home costs about 3.3 years of the town's median household income, about the same as across Illinois (3.6).
How Effingham ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $920
HUD's Fair Market Rent for a two-bedroom in Effingham is $920 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Effingham pay a median of $725, so moving in tends to cost more than staying put. A two-bedroom takes about 15% of the town's median household income.
Studio $740 · 4 bedrooms $1,390
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (62401; Effingham County, IL), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Effingham
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.