Hennepin, IL housing market
The median sale price was $135,000 in May 2026.
Home values, sales, trends and how Hennepin compares with the towns next door — updated as new data is published.
Hennepin at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
2 new homes permitted in 2025
Builders were permitted 2 new homes in Hennepin in 2025, all single-family houses, worth about $1.2 million to build. Over the past 10 years, Hennepin has permitted 7 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Hennepin gained 12 residents while 6 new homes were permitted: about 2 new residents per new home. Building and growth moved roughly in step.
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) | 1 | 1 | 0 | $575,000 |
| 2025 | 2 | 2 | 0 | $1.2 million |
| 2024 | 1 | 1 | 0 | $550,000 |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 1 | 1 | 0 | $285,000 |
| 2021 | 1 | 1 | 0 | $385,000 |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 1 | 1 | 0 | $230,000 |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 1 | 1 | 0 | $295,000 |
| 2015 | 1 | 1 | 0 | $295,000 |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 2 | 2 | 0 | $586,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 1 | 1 | 0 | $225,000 |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 2 | 2 | 0 | $350,000 |
| 2007 | 2 | 2 | 0 | $465,000 |
| 2006 | 3 | 3 | 0 | $402,000 |
| 2005 | 7 | 7 | 0 | $1.2 million |
| 2004 | 4 | 4 | 0 | $705,000 |
| 2003 | 1 | 1 | 0 | $170,000 |
| 2002 | 5 | 5 | 0 | $681,000 |
| 2001 | 5 | 5 | 0 | $681,000 |
| 2000 | 5 | 5 | 0 | $681,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Hennepin and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Hennepin | — | — | $980 | 2 | $83,000 |
| Hennepin | $224K | +11.1% | $970 | — | $89,306 |
| Leepertown | — | +7.9%† | $990 | — | $57,188 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $980
HUD's Fair Market Rent for a two-bedroom in Hennepin is $980 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Hennepin pay a median of $849, so moving in tends to cost more than staying put.
Studio $680 · 4 bedrooms $1,620
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (61327; Putnam 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.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. 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.