Rental numbers for McLean County, IL
The typical home here runs -$1,072 a month at 7.78% with 25% down. 0 of 3 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.3%.
- Gross yield
- 6.2%
- typical home, Zillow
- Median ZIP yield
- 6.3%
- 3 ZIPs with full data
- Cash flow
- -$1,072/mo
- at 7.78%, 25% down
- Typical price
- $261,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,342/mo
- Zillow ZORI, Aug 2026
ZIP codes in McLean County
21 with published figures
| 61754McLean | $192,000 | $1,500* | 9.4% | 3.9% | -$410 | n/a |
| 61774Stanford | $183,000 | $1,420* | 9.3% | 4.2% | -$340 | n/a |
| 61722Arrowsmith | $205,000 | $1,460* | 8.6% | 3.5% | -$512 | n/a |
| 61770Saybrook | $168,000 | $1,160* | 8.3% | 3.0% | -$482 | n/a |
| 61724Bellflower | $145,000 | $1,000* | 8.3% | 3.7% | -$331 | n/a |
| 61730Cooksville | $195,000 | $1,230* | 7.6% | 2.4% | -$654 | n/a |
| 61701Bloomington | $178,000 | $1,107 | 7.5% | 2.5% | -$581 | +5.1% |
| 61772Heyworth | $251,000 | $1,510* | 7.2% | 2.4% | -$842 | n/a |
| 61728Colfax | $179,000 | $1,060* | 7.1% | 2.0% | -$669 | n/a |
| 61732Danvers | $250,000 | $1,450* | 7.0% | 2.3% | -$863 | n/a |
| 61737Ellsworth | $238,000 | $1,280* | 6.5% | 2.1% | -$870 | n/a |
| 61761Normal | $268,000 | $1,401 | 6.3% | 1.6% | -$1,090 | +2.3% |
| 61745Heyworth | $266,000 | $1,300* | 5.9% | 1.4% | -$1,135 | n/a |
| 61752Le Roy | $216,000 | $1,030* | 5.7% | 0.9% | -$999 | n/a |
| 61704Bloomington | $330,000 | $1,523 | 5.5% | 1.0% | -$1,495 | +5.9% |
| 61776Towanda | $273,000 | $1,260* | 5.5% | 1.4% | -$1,155 | n/a |
| 61744Gridley | $215,000 | $980* | 5.5% | 0.9% | -$995 | n/a |
| 61753Lexington | $242,000 | $1,070* | 5.3% | 0.6% | -$1,182 | n/a |
| 61736Downs | $326,000 | $1,370* | 5.1% | 0.6% | -$1,600 | n/a |
| 61705Bloomington | $389,000 | $1,620* | 5.0% | 0.7% | -$1,864 | n/a |
| 61748Hudson | $314,000 | $980* | 3.8% | -0.5% | -$1,827 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +1.7%
- Rent, 12 months
- +3.7%
- Rent minus price growth
- +2.0 pts
- Property tax
- 2.17%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $192,748 | $943 |
| Aug 2022 | $220,751 | $1,099 |
| Aug 2023 | $228,058 | $1,145 |
| Aug 2024 | $241,418 | $1,239 |
| Aug 2025 | $256,768 | $1,294 |
| Aug 2026 | $261,119 | $1,342 |
HUD Fair Market Rent
FY2027, Bloomington, IL MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $941 | $996 | $1,287 | $1,685 | $1,691 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 2.5
- 175 units, last 12 months
- National percentile
- 30th
- among US counties
Tools
Test a listing in McLean County against today's rate.
Open the calculatorPart of the Bloomington, IL metro.
Questions
- Is McLean County good for rental property?
- The typical home here runs -$1,072 a month at 7.78% with 25% down. 0 of 3 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.3%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in McLean County?
- About 2.17% of value, from Census ACS median taxes paid over median home value. On a $261,000 home that is about $5,669 a year.
- What is Fair Market Rent in McLean County?
- HUD's FY2027 Fair Market Rent here is $996 for a 1-bedroom, $1,287 for a 2-bedroom and $1,685 for a 3-bedroom. Typical cash flow at today's rate is -$1,072 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.