Housing, rent, and a comparison to the US average.
The median home value in South Beloit, IL is $235,960 as of 2026-04. That places South Beloit below the US average for housing cost, with a cost index of approximately 66 versus a national baseline of 100.
Over the past 12 months, the median home value in South Beloit has climbed 8.4%, and over the past five years it has averaged +9.1% annual growth. The current price sits +0.0% from its 5-year peak in 2026-04.
Beyond housing, day-to-day costs in South Beloit are shaped by state and local taxes, utility rates, transportation, and groceries. This page focuses on the housing component, which is the largest single line in most household budgets and the easiest to compare across cities using consistent national data.
Housing
| Median home value | $235,960 |
| 1-year change | +8.4% |
| 5-year price growth | +9.1% |
| 10-year price growth | +8.1% |
| vs 5-year peak | +0.0% |
Source: Zillow Home Value Index (ZHVI).
How South Beloit compares
| Cost index | 66 (below US) |
| Median home vs US (~$355k) | -33.5% |
| Population | 7,983 |
| Momentum score | 78 (Hot) |
Cost index is currently a housing-only proxy; full BLS basket coming with ACS pull.
Affordability reality
Prices only mean something against local pay. Here’s how South Beloit’s housing lines up with what people here actually earn.
| Median rent vs income | 17% of local median income |
| Home price-to-income | 3.0× local median income |
At $1,133/mo, rent eats about 17% of the local median household income of $78,616 — within the 30% rule of thumb for affordable housing.
The median home runs about 3.0× the local median income (stretched).
Daily life in South Beloit
Climate
Summers run mild (highs near 85°F) and winters are chilly (highs near 33°F), with about 22″ of snow a year.
Natural-hazard & insurance risk
Insurance heads-up: in South Beloit, flood damage isn’t covered by standard home insurance — budget for a separate NFIP/private flood policy and check the FEMA flood zone for the exact address.
Getting around
The average commute is 28 min — about the US average of ~27 min; 2% of workers are remote; 69% own their home.
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.