Tolono, IL housing market
The median sale price was $244,000 in May 2026.
Home values, sales, trends and how Tolono compares with the towns next door — updated as new data is published.
Tolono at a glance
Only 4 sales 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 47% in 5 years
The federal house price index for the ZIP code around Tolono rose 47% over the past 5 years, about the same as across Illinois. Prices were about flat last year. Carrying the Census median home value forward with that index puts the typical Tolono home at roughly $305,000 today.
Show as a table
| Year | Change that year | Since 2000 | Illinois since 2000 |
|---|---|---|---|
| 2025 | −0.1% | +118% | +96% |
| 2024 | +34% | +118% | +85% |
| 2023 | −7% | +63% | +73% |
| 2022 | +11% | +76% | +61% |
| 2021 | +6.3% | +58% | +44% |
| 2020 | −1.5% | +49% | +33% |
| 2019 | +1.4% | +51% | +32% |
| 2018 | +0.4% | +49% | +28% |
| 2017 | +3.5% | +48% | +25% |
| 2016 | +0.4% | +43% | +22% |
| 2015 | +4% | +43% | +19% |
| 2014 | +2.1% | +37% | +15% |
| 2013 | +0.6% | +34% | +11% |
| 2012 | +1.7% | +34% | +11% |
| 2011 | −3.7% | +31% | +14% |
| 2010 | −0.9% | +36% | +21% |
| 2009 | −2.2% | +38% | +29% |
| 2008 | +0.6% | +41% | +40% |
| 2007 | +3.2% | +40% | +45% |
| 2006 | +4.1% | +35% | +43% |
| 2005 | +7% | +30% | +35% |
| 2004 | +7.2% | +22% | +24% |
| 2003 | +2.1% | +13% | +15% |
| 2002 | +4.4% | +11% | +11% |
| 2001 | +6.3% | +6.3% | +5.6% |
| 2000 | — | — | — |
How Tolono ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 61880, 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.
5 new homes permitted in 2025
Builders were permitted 5 new homes in Tolono in 2025, all single-family houses, worth about $1.8 million to build. That's 1.4 per 1,000 residents, about the pace of Illinois as a whole. Over the past 10 years, Tolono has permitted 28 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Tolono gained 157 residents while 35 new homes were permitted: about 4.5 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply.
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 | 5 | 5 | 0 | $1.8 million |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 2 | 2 | 0 | $606,000 |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 1 | 1 | 0 | $245,000 |
| 2020 | 2 | 2 | 0 | $475,000 |
| 2019 | 2 | 2 | 0 | $500,000 |
| 2018 | 1 | 1 | 0 | $215,000 |
| 2017 | 6 | 6 | 0 | $1.4 million |
| 2016 | 9 | 9 | 0 | $2 million |
| 2015 | 2 | 2 | 0 | $400,000 |
| 2014 | 2 | 2 | 0 | $400,000 |
| 2013 | 4 | 4 | 0 | $669,000 |
| 2012 | 3 | 3 | 0 | $502,000 |
| 2011 | 3 | 3 | 0 | $502,000 |
| 2010 | 3 | 3 | 0 | $481,000 |
| 2009 | 10 | 10 | 0 | $1.7 million |
| 2008 | 16 | 16 | 0 | $2.6 million |
| 2007 | 17 | 12 | 5 | $2.2 million |
| 2006 | 21 | 16 | 5 | $2.8 million |
| 2005 | 27 | 22 | 5 | $3.7 million |
| 2004 | 28 | 23 | 5 | $3.9 million |
| 2003 | 29 | 23 | 6 | $4 million |
| 2002 | 16 | 16 | 0 | $2.4 million |
| 2001 | 6 | 6 | 0 | $875,000 |
| 2000 | 9 | 9 | 0 | $1.2 million |
How Tolono 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.
3 years of income
The typical Tolono home costs about 3 years of the town's median household income, less than across Illinois (3.6 years).
How Tolono 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 $980
HUD's Fair Market Rent for a two-bedroom in Tolono is $980 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Tolono pay a median of $945. A two-bedroom takes about 17% of the town's median household income.
Studio $820 · 4 bedrooms $1,290
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (61880; Champaign-Urbana, IL HUD Metro FMR Area), 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.