Lacon, IL housing market
The median sale price was $210,000 in May 2026.
Home values, sales, trends and how Lacon compares with the towns next door — updated as new data is published.
Lacon 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.
Home prices up 42% in 5 years
The federal house price index for the ZIP code around Lacon rose 42% over the past 5 years, slower than across Illinois (47%). Last year prices rose 8.8%. Carrying the Census median home value forward with that index puts the typical Lacon home at roughly $180,000 today.
Show as a table
| Year | Change that year | Since 2000 | Illinois since 2000 |
|---|---|---|---|
| 2025 | +8.8% | +79% | +96% |
| 2024 | −5.5% | +65% | +85% |
| 2023 | +22% | +74% | +73% |
| 2022 | +11% | +43% | +61% |
| 2021 | +2.9% | +29% | +44% |
| 2020 | −0.1% | +26% | +33% |
| 2019 | +3.6% | +26% | +32% |
| 2018 | −0.5% | +22% | +28% |
| 2017 | +0.6% | +22% | +25% |
| 2016 | +16% | +21% | +22% |
| 2015 | −5.7% | +5% | +19% |
| 2014 | +1.9% | +11% | +15% |
| 2013 | −2.1% | +9.3% | +11% |
| 2012 | −8.6% | +12% | +11% |
| 2011 | +9.9% | +22% | +14% |
| 2010 | −2.2% | +11% | +21% |
| 2009 | −6.5% | +14% | +29% |
| 2008 | +7.7% | +21% | +40% |
| 2007 | −7.6% | +13% | +45% |
| 2006 | +7.9% | +22% | +43% |
| 2005 | +7.4% | +13% | +35% |
| 2004 | +0.2% | +5.2% | +24% |
| 2003 | +3.3% | +5% | +15% |
| 2002 | −1.3% | +1.7% | +11% |
| 2001 | +3.1% | +3.1% | +5.6% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 61540, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
1 new home permitted in 2025
Builders were permitted 1 new home in Lacon in 2025. That's 0.5 per 1,000 residents, slower than across Illinois (1.6). Over the past 10 years, Lacon has permitted 1 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Lacon's population fell by 59 and no new homes were permitted.
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) | 0 | 0 | 0 | — |
| 2025 | 1 | 1 | 0 | $299,000 |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 1 | 1 | 0 | $125,000 |
| 2006 | 1 | 1 | 0 | $125,000 |
| 2005 | 2 | 2 | 0 | $250,000 |
| 2004 | 2 | 2 | 0 | $250,000 |
| 2003 | 2 | 2 | 0 | $250,000 |
| 2002 | 2 | 2 | 0 | $250,000 |
| 2001 | 2 | 2 | 0 | $250,000 |
| 2000 | 4 | 4 | 0 | $475,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
1.9 years of income
The typical Lacon home costs about 1.9 years of the town's median household income, less than across Illinois (3.6 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $970
HUD's Fair Market Rent for a two-bedroom in Lacon is $970 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Lacon pay a median of $817, so moving in tends to cost more than staying put. A two-bedroom takes about 18% of the town's median household income.
Studio $710 · 4 bedrooms $1,350
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (61540; Peoria, IL MSA), 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. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.