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City · 5,034 residents · Vermilion County, Illinois

Hoopeston , Illinois

In Hoopeston, a typical home is worth $78,100 and typical rent is $882 a month. Compared with all of Vermilion County, the typical home value is 20% lower and typical household income is 7% higher.

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  • Typical home value

    $78,100

    20% below the county

    70% below Illinois

    • Hoopeston
    • Vermilion
    • Illinois

  • Typical rent

    $882a month

    5% above the county

    31% below Illinois

    • Hoopeston
    • Vermilion
    • Illinois

  • Typical household income

    $60,861a year

    7% above the county

    27% below Illinois

    • Hoopeston
    • Vermilion
    • Illinois

  • Households that own their home

    69%

    1 points below the county

    2 points above Illinois

    • Hoopeston
    • Vermilion
    • Illinois

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$83,141
1% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Hoopeston is in Vermilion County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Vermilion County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Hoopeston apart

What this place has that others do not, from public data, most unusual first.

  1. Hoopeston has the 6th lowest typical home value of the 336 cities in Illinois with more than 5,000 people ($78,100).

  2. According to Zillow, in the 12 months to September 2026 the typical home value in Hoopeston rose 1%; in Illinois, it rose 5.3%.

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Hoopeston

What homes there are in Hoopeston, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Hoopeston, 8 in 10 homes are single-family detached houses, about the same as in Vermilion County.

Year built

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,162 a month

Vermilion County: $1,205 a month

Without a mortgage

$517 a month

Vermilion County: $488 a month

Owners with a mortgage

59%

Vermilion County: 41%

The typical cost for an owner with a mortgage in Hoopeston is $1,162 a month, near the figure in Vermilion County ($1,205).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Hoopeston did not change clearly: the difference is within the Census margin of error.

The typical rent in Hoopeston rose 42% over the same time; in Vermilion County, it rose 22%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureHoopestonVermilion CountyIllinoisUnited States
Rental vacancy Unreliable estimate9.4%5.0%5.5%
Homeowner vacancy Unreliable estimate1.0%1.0%0.9%
More than one person per room Unreliable estimate1.1%2.5%3.4%
People per household 2.502.312.462.53
Drive alone 64%79%66%69%
Carpool Unreliable estimate7%8%9%
Public transit Unreliable estimateUnreliable estimate6%3%
Walk or bike Unreliable estimate3%3%3%
Work from home Unreliable estimate10%16%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate10 to 19 minutes20 to 29 minutes20 to 29 minutes

On average, a household in Hoopeston has 2.50 people, more than in Vermilion County (2.31).

In Hoopeston, 64% of workers drive alone to work; in Vermilion County, 79%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Hoopeston?

A typical home is within reach of the typical income

We start with a typical home in Hoopeston, worth $78,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 12% of the typical household income in Hoopeston, which is $60,861 a year.

The calculator's FHA and conventional loan limits are those of all of Vermilion County.

Your numbers

Local data
$

Starts at the typical home value in Hoopeston. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $2,734 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$704

at 7.18% · 30 years

Loan amount
$76,685
Total interest
$110,332
Paid off in
November 2056

Includes $1,319 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,420 a month

    Your payment · 14%

  • Tight

    $1,420 to $1,826 a month

  • Hard

    more than $1,826 a month

Compared with the typical household income in Hoopeston ($60,861 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$704
Principal & interest$519
Property tax$118
Home insurance$33
FHA mortgage insurance (MIP)$35

You need at least $2,734 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Hoopeston and Vermilion County

Hoopeston is in Vermilion County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Hoopeston's own numbers

Typical home value
$78,100
Typical monthly rent
$882
Typical yearly household income
$60,861
Households that own their home
69%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Vermilion County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$956
Price change over 5 years (FHFA)
+43%
Homes in a high flood-risk zone
1.2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Vermilion County.

Everything about Vermilion County

Buying

Buying a home in Hoopeston

A typical home in Hoopeston is worth $78,100: 20% below the county and 70% below Illinois. With the typical household income in Hoopeston ($60,861 a year), a typical home costs 1.3 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Hoopeston 1.3 years
  • Vermilion 1.7 years
  • Illinois 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Vermilion County

According to FHFA’s house price index, home prices in Vermilion County rose 58% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Vermilion County.

Period County Illinois U.S.
Last year (2025) +7.6% +5.7% +2.9%
5 years (2020–2025) +43% +47% +47%
10 years (2015–2025) +58% +65% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Hoopeston next to Vermilion County, Illinois and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Hoopeston $78,100
  • Vermilion $97,200
  • Illinois $263,300
  • United States $332,700
Typical monthly rent
  • Hoopeston $882
  • Vermilion $838
  • Illinois $1,274
  • United States $1,413
Typical yearly household income
  • Hoopeston $60,861
  • Vermilion $56,877
  • Illinois $83,390
  • United States $80,734
See the full table
Hoopeston next to Vermilion County and Illinois
Measure Hoopeston Vermilion County Illinois U.S.
Typical home value $78,100 $97,200 $263,300 $332,700
Typical monthly rent $882 $838 $1,274 $1,413
Typical yearly household income $60,861 $56,877 $83,390 $80,734
Households that own their home 69% 70% 67% 65%
Renters with high rent for their income 42% 46% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Vermilion County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Hoopeston

For a typical $78,100 home in Hoopeston, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, an example home insurance and mortgage insurance when it applies. It leaves out property tax because the Census Bureau doesn't publish Hoopeston's rate.

  • FHA, 3.5% down $587a month

    Least cash to close
    Down payment
    $2,734
    Cash to close
    $5,077
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $35

  • Conventional, 5% down $572a month

    Down payment
    $3,905
    Cash to close
    $6,248
    Rate
    7.18%
    Mortgage insurance
    PMI · $37

  • Conventional, 20% down, no PMI $456a month

    Down payment
    $15,620
    Cash to close
    $17,963
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $528a month

    Down payment
    $11,715
    Cash to close
    $14,058
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Hoopeston and for Vermilion County.

Flood risk in Vermilion County

FEMA does not publish these numbers by city: they are for all of Vermilion County.

Homes in the high-risk zone
1.2%
333
Of those, with NFIP insurance
11%
County Illinois U.S.
Homes in the high-risk zone 1.2% 1.5% 3.5%
Of those, with NFIP insurance 11% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Hoopeston

Typical rent in Hoopeston is $882 a month: 5% above the county. In Hoopeston, 42% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Vermilion County, by unit size. To pay the 2-bedroom one ($956 a month) without spending more than 30% of your income, you would need to earn $18.38 an hour working full time.

HUD fair market rent for all of Vermilion County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $743 $14.29 $29,720
1 bedroom $748 $14.38 $29,920
2 bedrooms $956 $18.38 $38,240
3 bedrooms $1,278 $24.58 $51,120
4 bedrooms $1,337 $25.71 $53,480

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Hoopeston

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Hoopeston is in ZIP code 60942.

For 2 bedrooms it is $980: $24 more than the fair market rent for Vermilion County ($956).

  • 60942 $980$1,310

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Hoopeston when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Hoopeston

HUD lists 2 buildings with rents for lower incomes in Hoopeston. These are the largest.

  • Centennial Manor 426 E Honeywell Ave, Hoopeston 60942 137 homes, 136 low-income · Run by The Housing Authority Of The City Of Danville, IL · Average payment: $288 a month · Average wait: 10 months (217) 444-3101
  • Plaza Commons 715 W Elm St, Hoopeston 60942 32 low-income homes · 1 bd: 32 · In service since 1994 · For older adults

See all 19 buildings in Vermilion County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Hoopeston

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Vermilion County. The nearest ones are below; many serve by phone or online.

A grandmother pushes her grandson on a playground swing.

HUD counseling is free or low-cost

Assistance programs in Hoopeston

No down payment, repair or rent-help program on our list is for Hoopeston or Vermilion County. The ones below are statewide in Illinois: they work in Hoopeston the same as in the rest of the state.

Which programs do I qualify for? All programs in Illinois

  • IHDAccess Home

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with deferred payments for first-time buyers in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

  • IHDAccess Forgivable

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan forgiven little by little over ten years, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Forgivable

    See the program Official page

  • IHDAccess Deferred

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

Housing counselors near Hoopeston

The HUD-approved agencies closest to the center of Hoopeston, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Habitat for Humanity of Champaign County

    1914 Glenn Park Dr, Champaign · 40 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (217) 819-5113

  • Erba Douglas County Outreach Office

    107 W South Central, Tuscola · 56 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    217-331-7031-229

  • Mid Central Community Action of Pontiac

    320 W Madison St, Pontiac · 58 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (815) 844-8812

All counseling agencies in Illinois

Help in Spanish near Hoopeston

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Hoopeston

In HUD’s record, no housing authority with an office in Vermilion County is named for Hoopeston or Vermilion County.

One other authority has an office in Vermilion County: see the list Source: HUD

Cities

Other cities in Vermilion County

These cities are also in Vermilion County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Vermilion County Housing in Illinois

Nearby cities

The cities closest to Hoopeston, with the typical home value.

Neighboring counties

If Vermilion County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Hoopeston.

All guides
A father smiles as he carries his baby on his shoulders outdoors.

Questions

Housing questions about Hoopeston

Short answers with the numbers for Hoopeston and all of Vermilion County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Hoopeston?

The typical home value in Hoopeston is $78,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Vermilion County it is $97,200.

How much does it cost to rent in Hoopeston?

Typical rent in Hoopeston is $882 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Vermilion County is $956.

What is the FHA loan limit in Hoopeston?

Hoopeston uses the FHA limit for all of Vermilion County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

Where can I find free help to buy or rent in Hoopeston?

We found no HUD-approved counseling agencies with an office in Vermilion County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).