Beecher, IL—60401
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Beecher, IL
As of Oct '25, the median home price in Beecher, IL is $317,000, with a year-over-year change of 6.1%. This indicates that home prices in Beecher, IL are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $317,000 | 6.1% |
| Single Family | $319,000 | 5.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $226,000 | 7.1% |
3 Bed | $304,000 | 2.4% |
4 Bed | $370,000 | 3.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Beecher, IL
As of July '25, Rentcast reports the average rent in Beecher, IL is $1,550, with a year-over-year rent change of -48.3%. Per bedroom, the median rent as of July '25 in Beecher, IL is 2-bedrooms: $1,520, 3-bedrooms: $1,580. The most common rental property sizes in Beecher, IL are 2-bedroom and 1-bedroom, accounting for 39.9% and 30.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,540 | $1,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,500 | $1,520 |
| 3 Bed Rent | $1,600 | $1,580 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Beecher, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Beecher, IL is 103. This is a increase of 114.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $360,000 | 6.0% |
Listing Count | 41 | 38.0% |
| Listings as % of Homes | 0.6% | 38.0% |
Days on Market | 103 | 114.0% |
Demographics — Beecher, IL
As of the latest ACS Survey released in 2023, Beecher, IL has a population of 7,580, which has decreased by -2.5% over the past 5 years. Beecher, IL is a moderately popular place for families, as children make up 22.6% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,580 | -2.5% |
% Under 18 | 22.6% | 8.7% |
% Seniors | 17.6% | -7.9% |
% WFH | 6.6% | 50.0% |
% w/ College Degree | 19.5% | 3.2% |
As of the latest ACS Survey released in 2023, Beecher, IL is a predominantly white area, with 85.5% of the population identifying as white. The white population has shrunk by 7.4% in the last 5 years. The second most common race or ethnicity in Beecher, IL is hispanic, making up 8.8% of the population. Foreign-born residents account for 2.5% of the population in Beecher, IL, and this percentage has decreased by 7.4% 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 | 85.5% | -7.4% |
% Black | 3.4% | 1,600.0% |
% Hispanic | 8.8% | 29.4% |
% Asian | 1.6% | ∞% |
% Foreign Born | 2.5% | -7.4% |
Mortgage and Risk — Beecher, IL
According to HUD data as of 2023, there were 105 mortgage originations in Beecher, IL, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Beecher, 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 | 105 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Beecher, IL
Beecher, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,230 |
| 2 Bedroom | -$110 | $1,500 | $1,390 |
| 3 Bedroom | $180 | $1,600 | $1,780 |
| 4 Bedroom | N/A | N/A | $2,090 |
Affordability — Beecher, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $317,000 |
| Median Household Income | $92,300 |