Herrick, IL housing market
The typical Herrick home is worth about $189,000, up 9.3% in a year, 36% below the Illinois typical home.
Home values, sales, trends and how Herrick compares with the towns next door — updated as new data is published.
Herrick at a glance
Typical home value, 2016–2026
Show as a table
| January | Herrick | Illinois |
|---|---|---|
| 2017 | $128,000 | $181,000 |
| 2018 | $126,000 | $190,000 |
| 2019 | $125,000 | $195,000 |
| 2020 | $131,000 | $200,000 |
| 2021 | $153,000 | $215,000 |
| 2022 | $157,000 | $236,000 |
| 2023 | $161,000 | $248,000 |
| 2024 | $175,000 | $263,000 |
| 2025 | $181,000 | $278,000 |
| 2026 | $176,000 | $290,000 |
| August 2026 | $189,000 | $298,000 |
Herrick and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Herrick | $189K | +9.3% | $920 | $64,643 |
| Oconee | $211K | +11.5% | $960 | $104,306 |
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 $920
HUD's Fair Market Rent for a two-bedroom in Herrick is $920 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Herrick pay a median of $850.
Studio $650 · 4 bedrooms $1,360
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (62422, 62431; Fayette 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, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.