Rankin, Illinois.
Typical home $98,944 (+3.6% in a year). Danville, IL metro.
to buy the typical home at today's mortgage rate — +$258 (+99%) since Jan 2020.
- 1 year
- Up $3,410 +4%
- $95,534$98,944 since Sep 2025
- 5 years
- Up $16,694 +20%
- $82,250$98,944 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.
- Rankin$519
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 19 years.
Typical home values in Rankin, IL rose 3.6% over the past year — faster than the nation's +1.2%.
Living in Rankin, Vermilion County, Illinois
Rankin is a village of 495 people in Vermilion County. Unemployment in Vermilion County was 4.7% in August 2026, and the county had 1.4% fewer jobs in 2025 than the year before. The most people in Vermilion County work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 24 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 It can be wrong or out of date.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. Rankin is a very small village in Vermilion County, Illinois, where people tend to be younger than in most of the county. Few adults here have a four-year degree. Homes are inexpensive, and the typical home value sits well below what many older homeowners elsewhere would expect to pay. Winters are cold, with a fair amount of snow, and summers turn warm in July.
Work. Residents work mostly in schools, hospitals and social care, followed by manufacturing, shops, and banks, insurance and property. Some people work from home, though most travel to a workplace. Across Vermilion County, the largest workplaces include the Veterans Health Administration, Danville CCSD 118 and Help At Home. Jobs in the county have slipped a little over the past year, though unemployment there is lower than it was a year ago.
Things to do. The Vermilion River, a river, and Salt Fork Vermilion River are both a longer drive away, and they suit anyone who likes time by the water. Kickapoo State Recreation Area, a protected area, is also a longer drive away and offers a place to walk and spend a day outdoors. For something indoors, the Octave Chanute Aerospace Museum is a museum a longer drive away.
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- 6%of adults have a degree
- 9%work from home
What people in Vermilion County work in
Employed residents by industry, from the Census survey. Vermilion County had 25,378 jobs in 2025, 1.4% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 34° and lows near 18°; warmest in July, with highs near 85° and lows near 64°. About 20 inches of snow and 41 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Hoopeston weather station, 11 miles away (NOAA).
Largest workplaces in Vermilion County
- Veterans Health AdministrationFederal government · Department of Veterans Affairs1,094
- Danville CCSD 118School district890FTE
- Help At HomeHomemaker's service for elderly or disabled persons, non-medical695
- Frito LAYBreakfast cereal manufacturing525
- Watchfire Signs (Danville, IL)Manufacturer of electronic signs401
- City of DanvilleExecutive offices, federal, state, and local396
- OSF Sacred Heart Medical CenterGeneral hospital370FTE
- WalmartWarehouse clubs and supercenters307
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 79 workplaces with 20 or more staff, 9,183 people in all across the county; Rankin has none of its own. Federal offices come from OPM's federal workforce data (2026), school districts from the Common Core of Data (NCES, 2023–24) and hospitals 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
- Cold wavesRelatively high
- Winter weatherRelatively high
- Strong windRelatively high
- Inland floodingRelatively high
- TornadoesRelatively high
- DroughtRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Rankin’s census tracts, against the rest of the country; all of them together, relatively moderate. 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 Vermilion County and the Danville, IL metro.
Rankin home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Rankin$98,944
- Illinois$295,943
- United States$366,157
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
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Rankin4
Zip codes with a Rankin address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Rankin — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.