Quincy housing market

Buyer's marketQuincy, IL metro areaData through Sep 2026
Typical home value
$189K
▲ 6.9% 1 yr
Typical rent
$1,059/mo
▲ 8.0% 1 yr
12-month forecast
+3.0%
#138 of 546 metros
Gross rent yield
6.7%
#163 of 546 · U.S. 6.3%
Days to pending
38 days
▲ +4 days 1 yr
Listings with a price cut
32%
▲ +7.7 pts 1 yr

Key takeaways

  • 1The typical home is worth $189,198, up 6.9% in a year and up 19% over five years.
  • 2Zillow forecasts home values rising 3.0% over the next 12 months (U.S.: +1.1%).
  • 3Typical rent is $1,059/mo (+8.0% YoY), a 6.7% gross yield, above the U.S. 6.3%.
  • 4At 7.32% with 20% down, the typical home costs $1,040/mo in principal and interest, $19 less than renting.
  • 5Homes go under contract in 38 days (+4 days vs last year); 32% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's

Zillow Market Heat Index: 33/100, #401 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.

Home values and rent

Typical home value
Latest $189K
$142K$157K$171K$186K2016201920222025
Typical monthly rent
Latest $1,059
$905$962$1,018$1,075202420252026

How fast homes are selling

Days to go under contract
Latest 38
16273748202120232025
Share of listings with a price cut
Latest 32.2%
12.4%18.6%24.7%30.8%20182020202220242026
Homes for sale vs new listings
Latest 215
For saleNew listings
5916226536820182020202220242026
Share of homes sold above list price
Latest 28.0%
19.7%29.4%39.2%49.0%202120232025

Source: Zillow Research (ZHVI, ZORI and market activity data).

How Quincy compares

MeasureQuincyUnited StatesRank of 546
Home value, 1-yr change+6.9%+1.2%#16
Home value, 5-yr change+18.5%+19.7%
12-month forecast+3.0%+1.1%#138
Rent, 1-yr change+8.0%+2.7%#35
Gross rent yield6.7%6.3%#163
Price-to-rent ratio14.915.8
Mortgage P&I on typical home$1,040$2,012
Days to pending3856

Cities in the Quincy metro

1 cities with home value and rent data.

Quincy$181K▲ 4.2%$1,059▲ 7.7%7.0%

Run the numbers

Other Illinois metros

Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.