Hampshire, IL—60140
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hampshire, IL
As of Oct '25, the median home price in Hampshire, IL is $381,000, with a year-over-year change of 3.6%. This indicates that home prices in Hampshire, IL are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $381,000 | 3.7% |
| Single Family | $391,000 | 3.4% |
| Condos | $267,000 | 5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $288,000 | 3.2% |
3 Bed | $342,000 | 2.4% |
4 Bed | $448,000 | 1.8% |
| 5 Bed | $491,000 | 1.0% |
% of Housing Stock
Rental Trends — Hampshire, IL
As of July '25, Rentcast reports the average rent in Hampshire, IL is $2,470, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Hampshire, IL is 2-bedrooms: $2,210, 3-bedrooms: $2,520, 4-bedrooms: $3,650. The most common rental property sizes in Hampshire, IL are 2-bedroom and 3-bedroom, accounting for 53.4% and 39.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,470 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,250 | $2,210 |
| 3 Bed Rent | $2,550 | $2,520 |
| 4 Bed Rent | $3,500 | $3,650 |
% of Rental Stock
Property Listings — Hampshire, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Hampshire, IL is 38. This is a decrease of -2.0% 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 | $412,000 | 10.0% |
Listing Count | 151 | 1.0% |
| Listings as % of Homes | 1.4% | 1.0% |
Days on Market | 38 | -2.0% |
Demographics — Hampshire, IL
As of the latest ACS Survey released in 2023, Hampshire, IL has a population of 21,800, which has increased by 23.8% over the past 5 years. Hampshire, IL is a popular place for families, as children make up 25.7% of the population. The area has a moderately educated workforce, with 38.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,800 | 23.8% |
% Under 18 | 25.7% | -4.8% |
% Seniors | 14.0% | 9.4% |
% WFH | 14.8% | 39.6% |
% w/ College Degree | 38.1% | -3.1% |
As of the latest ACS Survey released in 2023, Hampshire, IL is a predominantly white area, with 69.9% of the population identifying as white. The white population has shrunk by 19.8% in the last 5 years. The second most common race or ethnicity in Hampshire, IL is hispanic, making up 14.6% of the population. Foreign-born residents account for 11.3% of the population in Hampshire, IL, and this percentage has increased by 98.2% 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 | 69.9% | -19.8% |
% Black | 6.2% | 588.9% |
% Hispanic | 14.6% | 57.0% |
% Asian | 5.9% | 110.7% |
% Foreign Born | 11.3% | 98.2% |
Mortgage and Risk — Hampshire, IL
According to HUD data as of 2023, there were 626 mortgage originations in Hampshire, IL, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Hampshire, IL. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 626 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Hampshire, IL
Hampshire, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 37 |
Total Units Section 8 | 37 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,930 |
| 2 Bedroom | -$70 | $2,250 | $2,180 |
| 3 Bedroom | $250 | $2,550 | $2,800 |
| 4 Bedroom | -$210 | $3,500 | $3,290 |
Affordability — Hampshire, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $381,000 |
| Median Household Income | $115,000 |