Geneva, IL—60134
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Geneva, IL
As of Oct '25, the median home price in Geneva, IL is $520,000, with a year-over-year change of 4.5%. This indicates that home prices in Geneva, 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 | $520,000 | 4.5% |
| Single Family | $529,000 | 4.1% |
| Condos | $333,000 | 5.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $333,000 | 4.4% |
3 Bed | $430,000 | 3.9% |
4 Bed | $573,000 | 3.8% |
| 5 Bed | $668,000 | 2.9% |
% of Housing Stock
Rental Trends — Geneva, IL
As of July '25, Rentcast reports the average rent in Geneva, IL is $2,140, with a year-over-year rent change of 0.9%. Per bedroom, the median rent as of July '25 in Geneva, IL is studios: $1,370, 1-bedrooms: $1,950, 2-bedrooms: $2,120, 3-bedrooms: $2,750. The most common rental property sizes in Geneva, IL are 2-bedroom and 3-bedroom, accounting for 61.8% and 15.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,060 | $2,140 |
| Studio Rent | $900 | $1,370 |
| 1 Bed Rent | $1,880 | $1,950 |
| 2 Bed Rent | $2,090 | $2,120 |
| 3 Bed Rent | $2,750 | $2,750 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Geneva, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Geneva, IL is 34. This is a increase of 7.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $606,000 | 10.0% |
Listing Count | 87 | 2.0% |
| Listings as % of Homes | 0.4% | 2.0% |
Days on Market | 34 | 7.0% |
Demographics — Geneva, IL
As of the latest ACS Survey released in 2023, Geneva, IL has a population of 29,800, which has increased by 1.5% over the past 5 years. Geneva, IL is a popular place for families, as children make up 25.7% of the population. The area has a highly educated workforce, with 66.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,800 | 1.5% |
% Under 18 | 25.7% | -2.3% |
% Seniors | 14.9% | 5.7% |
% WFH | 24.2% | 112.3% |
% w/ College Degree | 66.3% | 9.0% |
As of the latest ACS Survey released in 2023, Geneva, IL is a predominantly white area, with 85.0% of the population identifying as white. The white population has shrunk by 7.5% in the last 5 years. The second most common race or ethnicity in Geneva, IL is hispanic, making up 7.2% of the population. Foreign-born residents account for 5.6% of the population in Geneva, IL, and this percentage has decreased by 1.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.0% | -7.5% |
% Black | 1.4% | 1,300.0% |
% Hispanic | 7.2% | 26.3% |
% Asian | 2.5% | 108.3% |
% Foreign Born | 5.6% | -1.8% |
Mortgage and Risk — Geneva, IL
According to HUD data as of 2023, there were 647 mortgage originations in Geneva, IL, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Geneva, IL. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 647 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Geneva, IL
Geneva, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 25 |
Total Units Section 8 | 25 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $1,880 | $2,040 |
| 2 Bedroom | $210 | $2,090 | $2,300 |
| 3 Bedroom | $200 | $2,750 | $2,950 |
| 4 Bedroom | N/A | N/A | $3,470 |
Affordability — Geneva, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $520,000 |
| Median Household Income | $148,000 |