The story of this market
The typical home in Gallatin County, Illinois sells for about $91,943, or $65 per square foot.
Prices are down 6.3% from a year ago, which gives buyers more room to negotiate. Homes take about 116 days to sell, which is slow. Over the long run, values in this county have grown 21% since 2012. The biggest natural hazard here is strong wind, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $930 a month.
HUD sets the fair market rent for a 2-bedroom at $930 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively High.
Price climate
Every year of price change, 2012–2025
0%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2018 (+23.7%). Worst: 2014 (-9.9%). Hover to read a year.
Monthly price momentum
Home values since 2015
+5.4%
IL · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,187
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2012–2025
0%
2025 change
FHFA repeat-sales index, median of 1 census tracts in this county (2012 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
95
Relatively High
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $6,873,467.
Mortgage activity
Home lending in this county
74.6%
2019 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 106 | 51 | 69.8% | 10% | $95,000 |
| 2019 | 107▲ | 53▲ | 74.6%▲ | 7.2% | $110,000▲ |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Gallatin County, Illinois
The Gallatin County housing market is characterized by low volume and declining home values, reflecting broader rural economic trends. Affordability remains high compared to state averages, but limited job growth and population decline continue to suppress demand.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).
Select a city to expand its ZIP intel reports beneath · 5 cities · 5 ZIP reports
Median prices moved up 3.0% year over year.
Homes spend a median of 78 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0.49% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 13.6% — a stable, low-distress profile.
Deterministic aggregate of 5 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Gallatin County, Illinois — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 24
researched Sep 24
researched Sep 24
researched Sep 25
researched Sep 25
| 62867 | New Haven | $165,000 | $123 | +10% | 66 | 93.6% | 16% | 4 | 84 | $490 | researched Sep 24 |
| 62871 | Omaha | $122,500 | $78 | +14% | — | — | — | — | — | $1,326 | researched Sep 24 |
| 62934 | Galatia | $54,900 | $58 | — | 104 | — | — | — | 2 | $428 | researched Sep 24 |
| 62979 | Ridgway | $185,500 | $45 | — | 245 | — | — | — | 1 | $667 | researched Sep 25 |
| 62984 | Shawneetown | $24,900 | $35,571 | — | — | — | — | — | 1 | $447 | researched Sep 25 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Crime rates in Gallatin County are generally low and consistent with rural southern Illinois trends, though specific comparative data is limited.
Schools in the county are primarily served by small, rural districts that face challenges with declining enrollment and limited extracurricular resources.
The county faces periodic flood risks from the Wabash and Ohio Rivers, necessitating flood insurance for properties in low-lying areas.
Economic momentum is limited, with the county experiencing population decline and a reliance on agriculture and local services rather than large-scale industrial development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
The county offers outdoor recreation centered on the Shawnee National Forest and river access, providing opportunities for hunting, fishing, and hiking.
The rental market is characterized by low inventory and affordability, with limited new construction and a high share of older, single-family rental stock.
The economy is primarily driven by agriculture, local government, and small-scale retail, with limited major industrial employers.
Transportation is dominated by rural state highways; there is no significant public transit infrastructure.
The Gallatin County Supervisor of Assessments manages property valuations, focusing on annual equalization to meet state-mandated assessment levels.
Parcels are subject to various special districts including local school districts, fire protection districts, and county-wide health service levies.
Property insurance premiums are influenced by the county's rural nature and specific flood-prone zones near river corridors.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
Provides extensive hiking, camping, and wildlife viewing opportunities across the region.
Serves as a major natural boundary and recreational hub for boating and fishing.
Data retrieved from Census Reporter and US Census Bureau QuickFacts.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Sellers must provide a written disclosure report to prospective buyers detailing material defects in the property as defined by 765 ILCS 77/35.
765 ILCS 77/1 et seq.
Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts. Exemptions, such as the homestead exemption, reduce the EAV before the tax rate is applied.
35 ILCS 200/9-145
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.