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Tazewell County, IL

Pekin

RANK #30 / 996 NAT  ·  #6 / 28 IL  ·  POP 131,276

1YR FORECAST: +5.8%

5YR OUTLOOK: +41%

#12 Best for Families #22 Most Affordable #31 Best for Investment
Our model projects Tazewell County's housing market to grow +5.8% over the next year, significantly outpacing the national average.

[01] Why Tazewell County?

Morton, Illinois, known as the "Pumpkin Capital of the World" due to its role in pumpkin processing, offers a distinctive entry point to Tazewell County. Located in central Illinois, adjacent to Peoria, the county provides a blend of urban amenities and rural landscapes. The community feel leans towards a hometown atmosphere, with many century-old buildings and family businesses contributing to its character. Outdoor recreation is accessible, with 25 recreational areas offering opportunities for hiking, biking, boating, and bird watching, particularly along the Illinois and Mackinaw River valleys. Life in Tazewell County often appeals to families and young professionals, with a high homeownership rate and public schools generally rated as above average. The economy is diverse, with significant employment in healthcare, manufacturing, and retail. Recent economic developments include investments in data centers and energy, contributing to the county's evolving economic landscape. The county also participates in the Southern Tazewell Enterprise Zone, which offers incentives for business investment and job creation.

[02] Market Snapshot

Housing Ratio
3.6x

Undervalued relative to economy

GDP Growth
+2.3%

Below national median

Home Prices
+9.3%

Outpacing national median

Climate & Terrain
-2.5

Below-average climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 3.6x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Healthcare & Social Assistance Healthcare
    10,000+
  2. 2
    Manufacturing Manufacturing
    5,000+
  3. 3
    Retail Trade Retail
  4. 4
    Tazewell County Government Government
  5. 5
    Illinois Central College Education

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Tazewell County U.S. National

The Numbers

DEMOGRAPHICS
Population
131,276
-0.53% YoY
Median Household Income
$74,606
Median Home Value
$159,100
+9.27% 12mo
Median Rent
$850
Average Annual Pay
$56,089
+3.4% YoY
Employment
46,883
+0.9% YoY
Income-to-Home-Value
0.4689
More affordable than average
Migration Inflow
3.32%
of pop. from another state
Bachelor's Degree+
27.5%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$164,500
Days on Market
36
Active market
Months of Supply
1.2
Seller's market
Sale-to-List Ratio
97.1%
Negotiation room for buyers
Sold Above List
28.7%
Listings w/ Price Drops
42.7%
Building Permits (2024)
117
Single-Family Permits
77

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

[05] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
2.2
per 100K · nat avg 6.3
Firearm Fatalities
7.2
per 100K · nat avg 14.8
Injury Deaths
78.3
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$3,290M
TOTAL
PROJECT AMOUNT STATUS
Pekin Data Center (Lutticken Farm)
Western Hospitality Partners (WHP)
$2,000M Proposed
Mackinaw Solar Farm
Doral Renewables
$500M Planned
Tazewell Battery Storage Project
Unknown
$300M Planned
Huff - Towerline 138kV Wind Project
Unknown
$200M Planned
Coyote Road Solar
RWE
$150M In Development
Rail Splitter II Wind Farm
EDP Renewables North America (EDPR NA)
$140M Planned

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

[07] Score Breakdown

GDP Growth +2.3% 42 percentile
Population Growth -0.5% 10 percentile
Income Growth +8.3% 44 percentile
Vacancy Rate 1.4% 25 percentile
Home Price Change +9.3% 100 percentile
Rent Growth +9.1% 97 percentile
Price/Rent 11x 77 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

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

Tazewell County ranks #30 out of 996 U.S. counties on the Boom Town Index with a score of 97/100, putting it in the top tier nationally. Job growth of +0.9% and a median household income of $74,606 point to a county with active economic momentum.

Is Tazewell County affordable?

By national standards, Tazewell County is quite affordable. Homes here have a median value of $159,100, and the income-to-home-value ratio of 0.47 is well above the U.S. average — especially with median rent at just $850/month. Residents can generally buy a home without being cost-burdened.

Is Tazewell County growing or shrinking?

Tazewell County is losing population (-0.5% YoY) while the job market is essentially flat (+0.9% employment change). Home values are +9.3% over the past 12 months. A slow-bleed pattern — not a collapse, but residents are leaving faster than employers are hiring.

Are people moving to Tazewell County?

There's a moderate stream of newcomers. About 3.32% of residents moved from another state, which is above average and suggests Tazewell County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

How is the housing market in Tazewell County?

Home values climbed +9.3% year-over-year, which is a solid pace of appreciation. The median home in Tazewell County is now valued at $159,100. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[09] Similar Counties by Size & Score

Macon County, IL 97 Vermilion County, IL 98 Winnebago County, IL 98 LaSalle County, IL 96 Adams County, IL 99 Kankakee County, IL 99 Clark County, OH 97 Oswego County, NY 97