Greenup Commercial Historic District · Photo: Nyttend · Public domainMeasured against area pay, Greenup costs less to live in than almost every U.S. town
Up 4.4% in a year, 49% below the Illinois typical home.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of the Effingham, IL micro area ($79K). How TownRatings grades cost of living
Only 2 sales in September 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
The grade compares costs with what households across the Effingham-area micro earn ($79K, Census 2020–24). The typical home costs 1.2 years of area income, and 19% of renters pay 30% or more of income for housing.
In dollars
- $151Ktypical home, 49% below the Illinois typical homeZillow, September 2026
- $920a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
In paychecks the grade
- 1.2 yrsof area income buys the typical home; the typical U.S. town: 3.3$79K, Effingham-area income
- 11%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 12%of owners do; the typical U.S. town: 20%Census 2020–24
What stands out about housing in Greenup
What’s behind Greenup’s grade
Measured against what households in the area earn, Greenup is more affordable than 99% of U.S. towns. Property tax pulls the grade down most; home prices hold it up.
Values have lagged Illinois: the typical Greenup home is down 5.6% in five years, against 29.6% statewide (Zillow).
Down 5.6% in five years
Slower than Illinois (29.6%).
Show as a table
| January | Greenup | Illinois |
|---|---|---|
| 2017 | $125,000 | $179,000 |
| 2018 | $127,000 | $188,000 |
| 2019 | $128,000 | $193,000 |
| 2020 | $150,000 | $198,000 |
| 2021 | $168,000 | $213,000 |
| 2022 | $157,000 | $233,000 |
| 2023 | $154,000 | $246,000 |
| 2024 | $149,000 | $260,000 |
| 2025 | $151,000 | $275,000 |
| 2026 | $148,000 | $287,000 |
| September 2026 | $151,000 | $296,000 |
A typical Greenup home worth $127K in October 2016 is worth about $151K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through September 2026.
A typical home costs about a year of area income
The calculator starts from the area income the grade uses. Switch to Greenup’s own median, or type yours.
That covers a typical Greenup home, with $126K to spare.
A two-bedroom rents for about $920 a month here, $80 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Greenup’s typical property tax (1.69% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $920
Renters already here pay a median of $732, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Cumberland County, IL): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Property tax runs below the Illinois norm
The median bill is $1,551 (Illinois: $5,298), 1.69% of a home’s value a year, against 2.01% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
Greenup and its neighbors
One source per column.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, September 2026 | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Greenup | A+ | $151K | $92K | 1.69% | $920 |
Questions about the cost of living in Greenup
Is Greenup expensive to live in?
Measured against what households in the area earn, Greenup costs less than 99% of U.S. towns: an A+ for cost of living. The typical home costs 1.2 years of the median household income of the Effingham, IL micro area ($79K).
How much does a house cost in Greenup?
About $151K, Zillow’s typical value for September 2026, up 4.4% in a year. The Illinois typical home is $296K.
What salary do you need to live in Greenup?
To buy the typical home with 20% down at 6.3%, about $43,000 a year, keeping the payment (about $1,000 a month with tax and insurance) at 28% of income. To rent a two-bedroom at 30% of income, about $37,000.
How much is rent in Greenup?
HUD puts a two-bedroom at about $920 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $732 (Census 2020–24).
What are property taxes in Greenup?
The median bill is $1,551 a year, 1.69% of the median home value (Illinois: $5,298, 2.01%), from the Census 2020–24.
Are home prices in Greenup going up?
Yes: up 4.4% in the past year and -5.6% in five years, against 29.6% across Illinois (Zillow).
Neighbors talk housing
What Greenup buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, September 2026. Sales, days on market and supply: Redfin Data Center, September 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.