Malta, IL—60150
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Malta, IL
As of Oct '25, the median home price in Malta, IL is $261,000, with a year-over-year change of 9.2%. This indicates that home prices in Malta, 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 | $261,000 | 9.2% |
| Single Family | $261,000 | 8.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $253,000 | 5.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Malta, IL
Malta, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,200 | $2,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Malta, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Malta, IL is 43. This is a decrease of -38.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $304,000 | 9.0% |
Listing Count | 18 | 195.0% |
| Listings as % of Homes | 1.3% | 195.0% |
Days on Market | 43 | -38.0% |
Demographics — Malta, IL
As of the latest ACS Survey released in 2023, Malta, IL has a population of 2,000, which has increased by 18.2% over the past 5 years. Malta, IL is a popular place for families, as children make up 27.0% of the population. The area has a moderately educated workforce, with 27.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,000 | 18.2% |
% Under 18 | 27.0% | 26.8% |
% Seniors | 12.2% | -12.2% |
% WFH | 11.0% | 10.0% |
% w/ College Degree | 27.7% | 2.2% |
As of the latest ACS Survey released in 2023, Malta, IL is a predominantly white area, with 76.2% of the population identifying as white. The white population has shrunk by 12.6% in the last 5 years. The second most common race or ethnicity in Malta, IL is hispanic, making up 16.6% of the population. Foreign-born residents account for 6.6% of the population in Malta, IL, and this percentage has increased by 371.4% 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 | 76.2% | -12.6% |
% Black | 2.6% | 333.3% |
% Hispanic | 16.6% | 56.6% |
% Asian | 0.5% | 66.7% |
% Foreign Born | 6.6% | 371.4% |
Mortgage and Risk — Malta, IL
According to HUD data as of 2023, there were 48 mortgage originations in Malta, IL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Malta, IL. Investor activity is low, as 0.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 48 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Malta, IL
Malta, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,070 |
| 2 Bedroom | N/A | N/A | $1,410 |
| 3 Bedroom | -$280 | $2,200 | $1,920 |
| 4 Bedroom | N/A | N/A | $2,370 |
Affordability — Malta, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $261,000 |
| Median Household Income | $92,100 |