Gibson City, IL
Full City Profile · Illinois · Ford County County
3.4
/5.0
B
Good
3,609
Population
1,556/sq mi density
$47,104
Median Income
$33,010 per capita
$138,400
Home Value
$178,408 Zillow
$802
Median Rent
33.5% income on rent
51°F
Avg Temperature
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.9 / 5.0
$47,104 median income, 8.3% unemployment
A+
Affordability
5.0 / 5.0
$138,400 home value, $802/mo rent
C
Education
2.2 / 5.0
15.1% bachelor's degree or higher
Housing Overview
Median Home Value
$138,400
51% below
US avg: $281,900
Median Rent
$802/mo
31% below
US avg: $1,163/mo
Homeownership Rate
66.6%
2% above US avg (65.4%)
Total Housing Units
1,676
Median year built: 1956
Home Value by Source
Census Median
$138,400
Zillow (ZHVI)
$178,408
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
66.6%
Owner-Occupied
33.4%
Renter-Occupied
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:
$802/mo
Affordability & Housing Stock
Rent Burden
33.5%
of renters spending 30%+ of income on housing
8% above US avg (31.0%)
Median Year Built
1956
Average age of housing stock: 70 years
Homeownership Rate
66.6%
Complete Housing Data
Home Values
| Census Median Value | $138,400 |
| Zillow Home Value (ZHVI) | $178,408 |
Rent
| Census Median Rent | $802 |
| 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-Occupied | 66.6% |
| Renter-Occupied | 33.4% |
| Homeownership Rate | 66.6% |
| Total Housing Units | 1,676 |
| Median Year Built | 1956 |
| Rent Burden | 33.5% |