203 East 2nd Street

Property details·Steeleville, Randolph County, Illinois·17-039-012-50

0.33Acres
$70KLast sale

Location

Address

203 East 2nd Street

Steeleville, IL 62288

Randolph County

Parcel ID

17-039-012-50

Coordinates

38.013950, -89.656989

Land & lot

Lot size
0.33 acres
Land area
14,375 sq ft
Subdivision
Appuhn's Second Addition
Land use code
1999

Tax & assessment

CategoryAmount
Tax value$1,979.53
Market value$117,645
Assessed value$39,215
Building value$107,415
Land value$10,230

Values reflect public tax roll data as of the year shown.

County context

Randolph County 2026 Insights

Randolph County, Illinois: Quiet Bluffs, Surprising Numbers

Tucked along the Mississippi River in southwestern Illinois, Randolph County is the kind of place that doesn't show up on national housing trend reports — until suddenly it does. With a 23.5% year-over-year price increase on median home values that still sit around $129,000, this rural county is delivering something increasingly rare in the American housing market: genuine affordability and meaningful appreciation at the same time.

This is Chester country. The county seat is home to Menard Correctional Center, one of Illinois' maximum-security prisons, and the corrections industry quietly anchors a significant portion of local employment. The broader economy leans on agriculture, small manufacturing, and the kind of public-sector stability that insulates rural counties from the volatility that hammers more speculative markets. That stability shows up in the data: a homeownership rate of 76.8% — dramatically above the national norm — and a vacancy rate of 12.9% that suggests a housing stock still working through some legacy rural decline, but nothing like the hollowed-out numbers seen in similarly-sized counties across the Midwest.

A Market That Actually Makes Sense

At $93 per square foot, Randolph County homes cost less per square foot than a dinner out in Chicago. The price-to-income ratio hovers around 1.9x median household income — less than half the national benchmark of 4x. For buyers priced out of St. Louis suburbs just across the river, or relocating from Illinois' collar counties, this math is nearly incomprehensible. It's likely a driver of that price surge: external demand colliding with thin inventory.

The 191 sales recorded in the last 12 months against a tracked pool of just 344 properties signals an unusually active market. When more than half of a county's tracked listings turn over in a year, something structural is happening — whether it's retirees cashing out, investors hunting yield, or new residents discovering the Mississippi River towns.

Key Statistics

StatValueContext
Median Home Price$129,000Less than 40% of the national median
YoY Price Change+23.5%One of Illinois' sharpest rural appreciation rates
Homeownership Rate76.8%Nearly 20 points above national average
Price-to-Income Ratio1.9xvs. 4x national benchmark

The Other Side of the Ledger

The county's low labor force participation rate — just 53.8%, well below national norms — is the number that demands explanation. Combine a median age of 43 with a disability rate of 20.8% and a 65-plus population matching that same figure, and the picture clarifies: this is an aging, working-class community where many residents have cycled out of the workforce through retirement or health. The 14.8% child poverty rate adds urgency to what the headline housing numbers might obscure.

Rent burden at 37.3% is also notable — above the 30% threshold that signals stress — suggesting that even at $760 median rent, the renters who remain here are stretching.


FAQs

What makes Randolph County, Illinois unique? Randolph County sits at a rare intersection: deeply affordable housing stock, above-average homeownership, and suddenly sharp appreciation — likely driven by spillover demand from the St. Louis metro just across the state line. Few counties in the Midwest can claim both.

Is Randolph County, IL a good place to buy a home right now? For value-focused buyers, the fundamentals are compelling — sub-$130K median prices, strong ownership culture, and recent appreciation suggest the market is gaining attention. The trade-offs are a thinning labor market and limited services typical of rural Illinois counties.

Why is the labor force participation rate so low in Randolph County? An older-than-average population, elevated disability rates, and the county's rural character all contribute. With over one-in-five residents aged 65 or older, much of the working-age population has aged out of traditional employment — a pattern common across rural southern Illinois.

Local market context

Our database includes 1,919 properties in Steeleville.

Steeleville offers affordable housing with an average price of $227,990.

With a price per square foot of just $138, this area offers excellent value for buyers.

Home prices in Steeleville are 38% higher than the Randolph County average.

MetricSteelevilleRandolph Countyvs County
Average Price$227,990$164,952+38%
Avg Sq Ft1,6541,588+4%
Price/Sq Ft$138$104+33%
Properties1,91932,141-94%

Nearby properties

Other parcels within a few hundred meters of this one.

Frequently Asked Questions About Steeleville, IL Real Estate

What is the average home price in Steeleville, IL?

The average home price in Steeleville, IL is $227,990, based on analysis of 1,919 properties in our database.

How many properties are tracked in Steeleville, IL?

Our database includes 1,919 properties in Steeleville, IL, providing comprehensive market coverage.

What is the price per square foot in Steeleville, IL?

The average price per square foot in Steeleville, IL is $138. This is calculated from an average home price of $227,990 and average size of 1,654 square feet.

What is the average home size in Steeleville, IL?

Homes in Steeleville, IL average 1,654 square feet, with an average price of $227,990.

How does Steeleville, IL compare to other cities in Randolph County?

Steeleville, IL is one of many cities in Randolph County, IL with property data available. Browse other cities in the county to compare market conditions and pricing.

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