Spring Grove, IL—60081
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spring Grove, IL
As of Oct '25, the median home price in Spring Grove, IL is $398,000, with a year-over-year change of 4.8%. This indicates that home prices in Spring Grove, IL are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $398,000 | 4.8% |
| Single Family | $400,000 | 4.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $221,000 | 5.2% |
3 Bed | $382,000 | 4.1% |
4 Bed | $484,000 | 3.9% |
| 5 Bed | $545,000 | 4.0% |
% of Housing Stock
Rental Trends — Spring Grove, IL
As of July '25, Rentcast reports the average rent in Spring Grove, IL is $1,250, with a year-over-year rent change of -31.3%. Per bedroom, the median rent as of July '25 in Spring Grove, IL is 1-bedrooms: $1,250. The most common rental property sizes in Spring Grove, IL are 2-bedroom and 3-bedroom, accounting for 28.2% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,250 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,250 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Spring Grove, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Spring Grove, IL is 39. This is a decrease of -39.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $575,000 | 30.0% |
Listing Count | 49 | 0.0% |
| Listings as % of Homes | 0.6% | 0.0% |
Days on Market | 39 | -39.0% |
Demographics — Spring Grove, IL
As of the latest ACS Survey released in 2023, Spring Grove, IL has a population of 9,120, which has decreased by -5.6% over the past 5 years. Spring Grove, IL is a moderately popular place for families, as children make up 20.7% of the population. The area has a moderately educated workforce, with 33.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,120 | -5.6% |
% Under 18 | 20.7% | -5.9% |
% Seniors | 14.2% | -0.7% |
% WFH | 16.7% | 145.6% |
% w/ College Degree | 33.2% | 34.4% |
As of the latest ACS Survey released in 2023, Spring Grove, IL is a predominantly white area, with 84.3% of the population identifying as white. The white population has shrunk by 10.0% in the last 5 years. The second most common race or ethnicity in Spring Grove, IL is hispanic, making up 8.0% of the population. Foreign-born residents account for 3.9% of the population in Spring Grove, IL, and this percentage has increased by 11.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.3% | -10.0% |
% Black | 0.0% | N/A |
% Hispanic | 8.0% | 100.0% |
% Asian | 0.8% | 0.0% |
% Foreign Born | 3.9% | 11.4% |
Mortgage and Risk — Spring Grove, IL
According to HUD data as of 2023, there were 142 mortgage originations in Spring Grove, IL, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Spring Grove, IL. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 142 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Spring Grove, IL
Spring Grove, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $270 | $1,200 | $1,470 |
| 2 Bedroom | N/A | N/A | $1,660 |
| 3 Bedroom | N/A | N/A | $2,130 |
| 4 Bedroom | N/A | N/A | $2,500 |
Affordability — Spring Grove, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $398,000 |
| Median Household Income | $116,000 |