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Boone County, IL

RANK #145 / 996  ·  POP 53,459  ·  IL

PROJECTED GROWTH: +2.4%

Boone County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Boone County?

Boone County, Illinois, distinguishes itself with the historic Baltic Mill in Belvidere, a landmark built in 1845 that now serves as a cornerstone of the Belvidere Park District. Located in northern Illinois, approximately 75 miles northwest of downtown Chicago, the county offers a blend of agricultural heritage and suburban development. Commuting to nearby cities like Rockford is common, and major routes including I-90 facilitate travel to Chicago, Madison, and Milwaukee. The community maintains a rural feel, with outdoor recreation opportunities along the Kishwaukee River, known for its clean water and diverse wildlife, and extensive trails like the Long Prairie Trail.

Life in Boone County often appeals to families and those seeking a balance between rural character and access to urban centers. The county is served by two public school districts, Belvidere Community Unit School District 100 and North Boone Community Unit School District 200, which include several elementary, middle, and high schools. The local economy is influenced by sectors such as manufacturing and logistics, with ongoing investments in these areas. Boone County Public Transit provides door-to-door service, offering accessibility for residents.

[02] Market Snapshot

Housing Ratio
6.0x

Above national median (4.7x)

GDP Growth
+2.9%

Above national median

Home Prices
+5.9%

Outpacing national median

Climate & Terrain
-3.3

Harsh climate or flat terrain

Price/Rent
16x

Above national median (13x)

Housing is fairly valued at 6.0x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Boone County U.S. National

The Numbers

DEMOGRAPHICS
Population
53,459
-0.25% YoY
Median Household Income
$80,502
Median Home Value
$181,700
+5.9% 12mo
Median Rent
$938
Average Annual Pay
$55,414
-5.8% YoY
Employment
11,526
-4.9% YoY
Income-to-Home-Value
0.443
More affordable than average
Migration Inflow
3.75%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$267,500
Days on Market
22
Active market
Months of Supply
2.1
Seller's market
Sale-to-List Ratio
99.5%
Near asking price
Sold Above List
26.5%
Listings w/ Price Drops
15.7%
Building Permits (2024)
52
Single-Family Permits
44

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$5,710M
TOTAL
PROJECT AMOUNT STATUS
Stellantis Belvidere Assembly Plant Retooling, Battery Plant, and Parts Distribution Center
Stellantis
$5,000M Planned
Microsoft Data Center (Cherry Valley)
Microsoft
$250M Planned
Midwest Refrigeration Services Cold Storage Facility
Midwest Refrigeration Services
$250M Operating
Walmart High-Tech Perishable Distribution Center (PDC)
Walmart
$100M Under Construction
General Mills Warehouse and Distribution Center
General Mills
$60M Completed
Belvidere Community Solar Project (Landfill)
Ameresco, ComEd
$50M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.9% 54 percentile
Population Growth -0.2% 18 percentile
Income Growth +8.7% 54 percentile
Vacancy Rate 0.6% 91 percentile
Home Price Change +5.9% 94 percentile
Price/Rent 16x 25 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Boone County, IL a good place to move to?

Boone County has a Boom Town Index score of 86/100, ranking #145 among 996 U.S. counties. With job growth at -4.9% and a median household income of $80,502, it's an above-average county on economic indicators.

Is Boone County affordable?

The median home value in Boone County is $181,700 with median rent at $938/month. The income-to-home-value ratio is 0.443, which is more affordable than the national average.

Is Boone County growing or shrinking?

Population growth: -0.2% year-over-year. Job growth: -4.9%. Home values changed +5.9% in the past 12 months.

Are people moving to Boone County?

Yes — 3.75% of Boone County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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