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DeKalb Times

Wednesday, April 24, 2024

Analysis: Wages keeping pace with median home prices in DeKalb County

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Rising home prices are keeping pace with wage growth in DeKalb County, according to an analysis of 432 counties nationwide by ATTOM Data Solutions in the second quarter.

Wages rose 2.8 percent in DeKalb County since last year. During the same period, median home prices in the county rose 2.8 percent.

Six counties in Illinois saw median home prices outpace wages, while eight other Illinois counties saw wages outpace median home prices. 

Home prices and wages in Illinois counties 

CountyQ2 2018 Median Sales PriceYoY Median Home Price GrowthAnnualized Weekly WagesYoY Annualized Wage GrowthPrices Outpacing Annualized Wages?
Tazewell$124,9000.1%$52,000-11.0%YES
Kendall$215,0002.7%$39,7282.3%YES
Peoria$124,00012.7%$53,2614.3%YES
Mchenry$210,0002.9%$44,5121.2%YES
De Kalb$162,5002.8%$41,8082.8%NO

Rock Island$104,00013.0%$56,8885.6%YES
Will$214,0003.8%$46,9560.7%YES
Saint Clair$125,0000.0%$42,5232.9%NO
Madison$116,5001.3%$42,2631.4%NO
Kane$220,000-0.5%$48,6072.9%NO
Winnebago$103,000-1.6%$46,2414.6%NO
Du Page$273,0000.2%$62,7122.9%NO
Lake$248,000-1.4%$73,1123.2%NO
Cook$235,0001.5%$64,7923.1%NO
Champaign$143,250-2.6%$46,7091.0%NO
Source: ATTOM Data Solutions

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