Housing in Farmer City, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$156,576
Farmer City vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Farmer City is highlighted.
Median Home Value
34th%ilemost expensive$128,900show rank
Median Rent
3rd%ilemost expensive rent$500show rank
Rent Burden
1st%ilehighest rent burden8.2%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$128,900
Median Rent
$500
Total Housing Units
862
Vacancy Rate
10.8%
Owner Occupied
85.3%
Renter Occupied
14.7%
Median Property Tax
$2,944
per year
Monthly Cost (w/ Mortgage)
$1,015
Housing Types
Single Family86.2%
Multi-Family4.4%
Mobile Home9.4%
The median home value in Farmer City, IL is $128,900. According to Zillow, the home value index for Farmer City is $156,576. The median rent is $500 per month (Census ACS). About 85.3% of housing units are owner-occupied. The median year homes were built is 1959. There are 862 total housing units.