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Tazewell County, IL

RANK #27 / 996  ·  POP 131,276  ·  IL

PROJECTED GROWTH: +3.9%

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

[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] Signal Profile

[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

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] 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.

[06] 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.

[07] Frequently Asked Questions

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

Tazewell County has a Boom Town Index score of 97/100, ranking #27 among 996 U.S. counties. With job growth at +0.9% and a median household income of $74,606, it's an above-average county on economic indicators.

Is Tazewell County affordable?

The median home value in Tazewell County is $159,100 with median rent at $850/month. The income-to-home-value ratio is 0.4689, which is more affordable than the national average.

Is Tazewell County growing or shrinking?

Population growth: -0.5% year-over-year. Job growth: +0.9%. Home values changed +9.3% in the past 12 months.

Are people moving to Tazewell County?

Yes — 3.32% of Tazewell County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Winnebago County, IL 100 Madison County, NY 100 Oswego County, NY 100 Valencia County, NM 100 Taylor County, TX 100 Allen County, OH 100 Newton County, MO 99 Dodge County, WI 99