House Prices

House Prices & Home Values Rankin, IL 2026


Average Data

average house price$108,475
average size per house1724 ft²
average price per ft²63 $ / ft²

04/17/2026 - The value range (VR) for house prices in Rankin, IL is $63/ sqft to $63/ sqft. An average home with 1724 sqft costs approximately $108,612 to $108,612. Rankin, IL includes 1 ZIP codes and it is located in Vermilion county. The lowest prices are found in ZIP 60960, while the highest are in ZIP 60960. The average price per sqare feet is $63. Our analysis is based on 4 property listings.

Avergage prices by ZIP codes Rankin

6096067 $ / ft²




Historical development of home values in Rankin

Year Estimated value (USD) Change vs. 2025
2010 $50,378 -53.6%
2011 $48,430 -55.4%
2012 $48,299 -55.5%
2013 $50,105 -53.8%
2014 $52,596 -51.5%
2015 $55,295 -49.0%
2016 $58,181 -46.4%
2017 $61,321 -43.5%
2018 $64,712 -40.3%
2019 $67,712 -37.6%
2020 $71,212 -34.4%
2021 $80,997 -25.3%
2022 $94,424 -13.0%
2023 $99,574 -8.2%
2024 $105,335 -2.9%
2025 $108,475 0.0%

Graph: estimated home values in Rankin over time (USD)



Example: 100% financing house in Rankin

Loan amount: $108,475

Interest rate: 6.00%

Fixed monthly payment: $650.36

Breakdown in the 1st month:
Interest portion: $542.38  –  Principal portion: $107.99

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $6,472.26 $1,332.09 $107,142.91
2 $6,390.10 $1,414.25 $105,728.67
3 $6,302.88 $1,501.47 $104,227.20
4 $6,210.27 $1,594.08 $102,633.11
5 $6,111.95 $1,692.40 $100,940.71
6 $6,007.57 $1,796.78 $99,143.93
7 $5,896.74 $1,907.61 $97,236.32
8 $5,779.09 $2,025.26 $95,211.06
9 $5,654.17 $2,150.18 $93,060.88
10 $5,521.55 $2,282.79 $90,778.09
11 $5,380.76 $2,423.59 $88,354.50
12 $5,231.27 $2,573.07 $85,781.42
13 $5,072.57 $2,731.78 $83,049.65
14 $4,904.08 $2,900.27 $80,149.38
15 $4,725.20 $3,079.15 $77,070.23
16 $4,535.29 $3,269.06 $73,801.17
17 $4,333.66 $3,470.69 $70,330.48
18 $4,119.59 $3,684.76 $66,645.72
19 $3,892.33 $3,912.02 $62,733.70
20 $3,651.04 $4,153.31 $58,580.39
21 $3,394.87 $4,409.48 $54,170.91
22 $3,122.91 $4,681.44 $49,489.47
23 $2,834.17 $4,970.18 $44,519.29
24 $2,527.62 $5,276.73 $39,242.55
25 $2,202.16 $5,602.19 $33,640.36
26 $1,856.63 $5,947.72 $27,692.64
27 $1,489.78 $6,314.56 $21,378.07
28 $1,100.32 $6,704.03 $14,674.04
29 $686.83 $7,117.52 $7,556.52
30 $247.83 $7,556.52 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Rankin, IL


1500 sqft3900 sqft
Ø selling price$114,346$243,244
Ø fast selling$103,951$218,919
Ø high price sale$124,741$267,568

In 2026, houses in Rankin, IL will be offered at an average price of $63 per square foot. A 1,500 sqft home priced at $114,346 is 24.10% more expensive per square foot than a 3,900 sqft home priced at $243,244. Home prices in Rankin, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $168,399. Sellers who can wait longer may achieve a higher price of up to $205,822.


Rankin, IL: Small-Town Living in Vermilion County

Overview

The village of Rankin, IL offers classic Midwestern small-town charm amid the rich farmland of east-central Illinois.
Located in Vermilion County, Rankin provides a peaceful pace, friendly neighbors, and a close-knit community atmosphere. Visitors and residents appreciate its tidy streets, local traditions, and straightforward access to services in nearby regional hubs.

History and Community

Founded as a rural crossroads and rail-era settlement, Rankin Illinois retains a proud heritage reflected in its civic organizations and seasonal events. Parks, churches, and volunteer groups anchor daily life, while Friday night ball games and festivals bring families together. You will also find practical amenities in town or a short drive away, supporting everything from home projects to weekly groceries.

Outdoors, Access, and Things to Do

Surrounded by prairie landscapes and open skies, Rankin, Illinois is a convenient base for fishing spots, farm markets, and scenic country drives. Commuters and day-trippers benefit from easy connections to larger employment, shopping, and healthcare centers across the Danville and Champaign areas.

Housing, Cost of Living, and Moving Tips

Homebuyers exploring Rankin IL real estate will find an affordable cost of living, modest property taxes, and a range of single-family homes on spacious lots. If you are planning a move, check local listings, verify zoning and utility providers, and connect with a regional realtor who knows Rankin and Vermilion County neighborhoods.



FAQ – Home Values in Rankin

What is the median home value in Rankin in 2026?

In 2026, the typical home value in Rankin is about $108,475 for an average home size of 1724 square feet. This corresponds to an average price of roughly $63 per square foot.

What is the average cost per square foot in Rankin?

In 2026, homes in Rankin sell for an average of around $63 per square foot, with a typical range between $63 and $63 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Rankin is about 1724 square feet, with an estimated 2026 value around $108,475.



Locations close to Rankin, IL

Reddick, IL127 $ / ft²
Roberts, IL97 $ / ft²
Rossville, IL66 $ / ft²
Piper City, IL47 $ / ft²
Pembroke Township, IL107 $ / ft²
Paxton, IL74 $ / ft²
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