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Iola, IL Home Values and Rents
The median home value in Iola is $65,000.
- Median home value
- $65,000
- ACS 2020-2024
- Price change, 1 year
- +2.0%
- County index, 2025
- Homeownership
- 83.3%
- IL: 67.1%
Clay County home price trend
FHFA annual House Price Index for Clay County, 2002 = 100, compared with Illinois
Show as a table
| Period | Clay County |
|---|---|
| 2025 | 175 |
| 2024 | 172 |
| 2023 | 148 |
| 2022 | 170 |
| 2021 | 143 |
| 2020 | 132 |
| 2019 | 131 |
| 2018 | 127 |
| 2017 | 124 |
| 2016 | 127 |
| 2015 | 128 |
| 2014 | 125 |
| 2013 | 115 |
| 2012 | 122 |
| 2011 | 127 |
Over five years, Clay County prices changed +32.2%, compared with +44.0% for Illinois.
Source: Federal Housing Finance Agency · Last updated 08/01/2026
Fair Market Rents, FY2027
HUD rent standard for Clay County, IL
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $648 | +2.5% |
| 1 bedroom | $732 | +3.5% |
| 2 bedrooms | $930 | +1.5% |
| 3 bedrooms | $1,174 | +0.6% |
| 4 bedrooms | $1,344 | +2.8% |
Frequently asked questions
- What is the median home value in Iola, IL?
- The median home value in Iola is $65,000, based on the American Community Survey 2020-2024 5-year estimates. The Illinois median is $263,300.
- Are home prices going up in Iola?
- Home prices in Clay County changed +2.0% over one year and +32.2% over five years, as of 2025.