Jacksonville, Morgan County, IL

Median Home Price Price

$128,701 $128.7K

Median Monthly Rent Rent

$862 $862

12.0x

Market Snapshot

Jacksonville, Morgan County, IL is a city market with a median home price of $128,701, a median monthly rent of $862, a GRM of 12.0x, and a price-to-rent ratio of 12.4.

More markets to explore

02 Waverly, Morgan County, IL
Nearby alternative Lower GRM Lower price Higher rent
High confidence
Price $103.8K
Rent $954
GRM 9.0x
Explore the data
Region Show
Waverly
$104K $954 9.0x
Chapin
$98K $1.4K 6.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Sheffield, Bureau County, IL
$105K $1.1K 8.0x
Monmouth, Warren County, IL Explore deeper
$103K $874 10.0x
Lincoln, Logan County, IL
$121K $992 10.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Montgomery, Le Sueur County, MN
$305K $1.1K 23.0x
Belmont, Allegany County, NY
$127K $888 12.0x
Lawton, Comanche County, OK
$133K $1.1K 10.0x

Home prices

Monthly rent

GRM = home price / annual rent

Jacksonville

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Benchmark comparison

Rent in Jacksonville, IL is 9.6% lower than Waverly, IL.

Compare to Waverly, IL
Jacksonville, IL
Waverly, IL
Delta
Median rent
$862
$954
+$92
Median price
$128,701
$103,757
-$24,944
YoY change
+$61
+$38
-$23
Price-to-rent
12.4x
9.1x
-3.3x

Key takeaways

  • Jacksonville, Morgan County, IL has a lower-grm screening profile: At 12.0x GRM, current rent may provide stronger support relative to price.
  • Low GRM can also reflect operating friction, softer appreciation expectations, or local risk that GRM does not capture.
  • Rent momentum is positive, with median rent up about $61 year over year.
  • Rent in Jacksonville, IL is 9.6% lower than Waverly, IL.