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Diamond, IL

Full City Profile · Illinois · Grundy County County

3.5 /5.0
B+ Good
2,900 Population 1,526/sq mi density
$60,000 Median Income $34,675 per capita
$211,500 Home Value $297,303 Zillow
$1,224 Median Rent 34.8% income on rent
51°F Avg Temperature 275 sunny days/yr
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$60,000 median income, 0.5% unemployment
A+
Affordability
4.7 / 5.0
$211,500 home value, $1,224/mo rent
D
Education
2.0 / 5.0
12.1% bachelor's degree or higher

Housing Overview

Median Home Value
$211,500
25% below
US avg: $281,900
Median Rent
$1,224/mo
5% above
US avg: $1,163/mo
Homeownership Rate
79.2%
21% above US avg (65.4%)
Total Housing Units
1,169
Median year built: 1992

Home Value by Source

Census Median
$211,500
Zillow (ZHVI)
$297,303
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

79.2%
Owner-Occupied
20.8%
Renter-Occupied
79%
21%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent: $1,224/mo

Affordability & Housing Stock

Rent Burden
34.8%
of renters spending 30%+ of income on housing
12% above US avg (31.0%)
Median Year Built
1992
Average age of housing stock: 34 years
Homeownership Rate
79.2%

Complete Housing Data

Home Values

Census Median Value$211,500
Zillow Home Value (ZHVI)$297,303

Rent

Census Median Rent$1,224
FMR Studio$774
FMR 1-Bedroom$854
FMR 2-Bedroom$1,063
FMR 3-Bedroom$1,370
FMR 4-Bedroom$1,561

Market

Ownership & Stock

Owner-Occupied79.2%
Renter-Occupied20.8%
Homeownership Rate79.2%
Total Housing Units1,169
Median Year Built1992
Rent Burden34.8%