Aledo, Illinois.
Typical home $176,719 (+7.3% in a year). Davenport-Moline-Rock Island, IA-IL metro.
to buy the typical home at today's mortgage rate — +$381 (+70%) since Jan 2020.
- 1 year
- Up $11,960 +7%
- $164,759$176,719 since Sep 2025
- 5 years
- Up $20,771 +13%
- $155,948$176,719 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Aledo$928
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 28 years.
Typical home values in Aledo, IL rose 7.3% over the past year — faster than the nation's +1.2%.
Living in Aledo, Mercer County, Illinois
Aledo is a city of 3,633 people in Mercer County. 70% of its homes are lived in by their owners and 30% are rented. Unemployment in Mercer County was 3.6% in August 2026, and the county had 7.5% more jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Aledo is a small city and the seat of Mercer County, Illinois. Most homes here are lived in by their owners, at a higher rate than is typical across the country, and typical home values are modest. Household incomes in the county run somewhat above what many rural places see, though a share of residents live below the poverty line. Winters are cold, with January the coldest month and snow most winters, while July is warm and the year brings a fair amount of rain and melted snow.
Work. Many residents work in schools, hospitals and social care, with manufacturing, shops and the building trades also providing a good deal of work. Some of the largest workplaces in Aledo are Walmart, Genesis Medical Center - Aledo and Mercer Manor Rehabilitation. Commutes are short, and a small number of people work from home. Fewer adults hold a four-year degree than in the country as a whole, and the county has seen jobs grow and unemployment ease over the past year.
Things to do. For time outdoors, Wildcat Den State Park is a protected area and the Iowa River and Rock River are both within a longer drive. For something indoors, the Figge Art Museum is a museum, also a longer drive away. Each of these trips takes a bit of planning, so they suit a day out more than an errand.
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- 1,545households
- 26%of adults have a degree
- 13%below the poverty line
- 19 mintypical commute
- 10%work from home
What residents work in
Employed residents by industry, from the Census survey. Mercer County had 3,190 jobs in 2025, 7.5% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 31° and lows near 13°; warmest in July, with highs near 85° and lows near 63°. About 22 inches of snow and 39 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Aledo weather station, under a mile away (NOAA).
Largest workplaces in Aledo
- WalmartDiscount department stores85
- Mercer Manor RehabilitationNursing homes75
- Genesis Medical Center - AledoCritical access hospital73FTE
- Arcadia Care of AledoSkilled nursing facilities55
- Novus AgChemicals, agricultural, merchant wholesalers46
- Meridian Senior Living623312 assisted living facilities for the elderly36
- Huffman's Farm & Home - AledoLawn power equipment stores26
- AledoMail and parcel delivery21
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 8 workplaces with 20 or more staff, 448 people in all. Hospitals come from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- LightningVery high
- Strong windVery high
- Ice stormsRelatively high
- Heat wavesRelatively high
- Winter weatherRelatively high
- HailRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Aledo’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Mercer County and the Davenport-Moline-Rock Island, IA-IL metro.
Aledo home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Aledo$176,719
- Illinois$295,943
- United States$366,157
Sellers are cutting prices on about 1 in 6 Aledo listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Aledo16.77%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Aledo21
New listings per month
Sellers arriving at the market.
- Aledo7
Zip codes with a Aledo address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Aledo — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.