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Bowen, IL Home Values and Rents
The median home value in Bowen is $80,700. Median rent is $579 a month.
- Median home value
- $80,700
- ACS 2020-2024
- Median rent
- $579/mo
- ACS 2020-2024
- Price change, 1 year
- +5.8%
- County index, 2025
- Homeownership
- 81.6%
- IL: 67.1%
Hancock County home price trend
FHFA annual House Price Index for Hancock County, 2000 = 100, compared with Illinois
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| Period | Hancock County |
|---|---|
| 2025 | 181 |
| 2024 | 171 |
| 2023 | 162 |
| 2022 | 150 |
| 2021 | 139 |
| 2020 | 130 |
| 2019 | 129 |
| 2018 | 129 |
| 2017 | 124 |
| 2016 | 122 |
| 2015 | 124 |
| 2014 | 125 |
| 2013 | 122 |
| 2012 | 118 |
| 2011 | 120 |
Over five years, Hancock County prices changed +39.1%, compared with +44.0% for Illinois.
Source: Federal Housing Finance Agency · Last updated 08/01/2026
Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
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| # | ZIP code | Median value | Median rent | 1-year | 5-year |
|---|---|---|---|---|---|
| 1 | 62316 | $84,000 | $405 | - | - |
Fair Market Rents, FY2027
HUD rent standard for Hancock County, IL
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $648 | +2.5% |
| 1 bedroom | $772 | -2.4% |
| 2 bedrooms | $930 | +1.5% |
| 3 bedrooms | $1,116 | +0.5% |
| 4 bedrooms | $1,222 | +0.7% |
Frequently asked questions
- What is the median home value in Bowen, IL?
- The median home value in Bowen is $80,700, based on the American Community Survey 2020-2024 5-year estimates. The Illinois median is $263,300.
- How much is rent in Bowen?
- The median rent in Bowen is $579 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $930.
- Are home prices going up in Bowen?
- Home prices in Hancock County changed +5.8% over one year and +39.1% over five years, as of 2025.
- Which ZIP code in Bowen has the highest home values?
- ZIP code 62316 has the highest median home value at $84,000.