Land Market Insights and Pricing in Richland County, Illinois

Richland County, Illinois, offers a landscape dominated by gently rolling plains and fertile river valleys, with the Little Wabash River forming its western boundary. The county's 360 square miles of predominantly flat terrain and rich alluvial soils make it ideal for agriculture, with ample opportunities for farmland acquisition. A low population density of 43.1 inhabitants per square mile ensures abundant open spaces. The central hub of Olney, situated at the intersection of U.S. Route 50 and Illinois Route 130, anchors the county's economic activity, primarily driven by educational services, healthcare, and retail trade. While Richland boasts affordable housing, with a median home price of $106,600, potential land buyers should note the higher-than-average property tax rate of 1.52%. The county's resilience to natural disasters and low economic losses from such events add to its appeal for long-term land investment.