Genoa, IL—60135
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Genoa, IL
As of Oct '25, the median home price in Genoa, IL is $298,000, with a year-over-year change of 5.4%. This indicates that home prices in Genoa, IL are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $298,000 | 5.4% |
| Single Family | $295,000 | 5.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $241,000 | 6.2% |
3 Bed | $284,000 | 4.4% |
4 Bed | $342,000 | 4.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Genoa, IL
As of July '25, Rentcast reports the average rent in Genoa, IL is $2,140, with a year-over-year rent change of 42.7%. Per bedroom, the median rent as of July '25 in Genoa, IL is 1-bedrooms: $1,620, 4-bedrooms: $2,000. The most common rental property sizes in Genoa, IL are 2-bedroom and 1-bedroom, accounting for 35.5% and 34.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,620 | $1,620 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,000 | $2,000 |
% of Rental Stock
Property Listings — Genoa, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Genoa, IL is 57. This is a increase of 30.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $394,000 | 19.0% |
Listing Count | 24 | -25.0% |
| Listings as % of Homes | 0.7% | -25.0% |
Days on Market | 57 | 30.0% |
Demographics — Genoa, IL
As of the latest ACS Survey released in 2023, Genoa, IL has a population of 7,490, which has increased by 8.4% over the past 5 years. Genoa, IL is a moderately popular place for families, as children make up 19.9% of the population. The area has a poorly educated workforce, with 15.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,490 | 8.4% |
% Under 18 | 19.9% | -15.0% |
% Seniors | 14.0% | 7.7% |
% WFH | 7.4% | 72.1% |
% w/ College Degree | 15.4% | -24.5% |
As of the latest ACS Survey released in 2023, Genoa, IL is a predominantly white area, with 75.1% of the population identifying as white. The white population has shrunk by 11.9% in the last 5 years. The second most common race or ethnicity in Genoa, IL is hispanic, making up 20.0% of the population. Foreign-born residents account for 6.8% of the population in Genoa, IL, and this percentage has increased by 126.7% 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 | 75.1% | -11.9% |
% Black | 0.5% | -37.5% |
% Hispanic | 20.0% | 81.8% |
% Asian | 2.0% | 566.7% |
% Foreign Born | 6.8% | 126.7% |
Mortgage and Risk — Genoa, IL
According to HUD data as of 2023, there were 131 mortgage originations in Genoa, IL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Genoa, IL. Investor activity is low, as 2.0% 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 | 131 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Genoa, IL
Genoa, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 18 |
Total Units Section 8 | 18 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$510 | $1,620 | $1,110 |
| 2 Bedroom | N/A | N/A | $1,460 |
| 3 Bedroom | N/A | N/A | $1,990 |
| 4 Bedroom | $450 | $2,000 | $2,450 |
Affordability — Genoa, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $298,000 |
| Median Household Income | $87,900 |