Dwight, IL—60420
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dwight, IL
As of Oct '25, the median home price in Dwight, IL is $192,000, with a year-over-year change of 6.9%. This indicates that home prices in Dwight, IL are increasing. According to Zillow, the 1-year price projection is 4.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $192,000 | 6.9% |
| Single Family | $194,000 | 7.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $138,000 | 8.7% |
3 Bed | $203,000 | 9.1% |
4 Bed | $235,000 | 7.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Dwight, IL
As of July '25, Rentcast reports the average rent in Dwight, IL is $1,310, with a year-over-year rent change of 70.6%. Per bedroom, the median rent as of July '25 in Dwight, IL is 1-bedrooms: $617, 3-bedrooms: $2,000. The most common rental property sizes in Dwight, IL are 2-bedroom and 3-bedroom, accounting for 60.1% and 17.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $617 | $1,310 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $617 | $617 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,000 | $2,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Dwight, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Dwight, IL is 60. This is a increase of 3.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $181,000 | -4.0% |
Listing Count | 15 | 11.0% |
| Listings as % of Homes | 0.7% | 11.0% |
Days on Market | 60 | 3.0% |
Demographics — Dwight, IL
As of the latest ACS Survey released in 2023, Dwight, IL has a population of 4,670, which has decreased by -2.9% over the past 5 years. Dwight, IL is a popular place for families, as children make up 25.4% of the population. The area has a poorly educated workforce, with 20.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,670 | -2.9% |
% Under 18 | 25.4% | 30.9% |
% Seniors | 17.4% | -16.7% |
% WFH | 3.1% | 55.0% |
% w/ College Degree | 20.7% | 1.5% |
As of the latest ACS Survey released in 2023, Dwight, IL is a predominantly white area, with 87.7% 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 Dwight, IL is hispanic, making up 7.8% of the population. Foreign-born residents account for 2.8% of the population in Dwight, IL, and this percentage has increased by 300.0% 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 | 87.7% | -7.4% |
% Black | 0.6% | 0.0% |
% Hispanic | 7.8% | 200.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.8% | 300.0% |
Mortgage and Risk — Dwight, IL
According to HUD data as of 2023, there were 64 mortgage originations in Dwight, IL, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Dwight, IL. Investor activity is low, as 3.0% 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 | 64 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Dwight, IL
Dwight, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 61 |
Total Units Section 8 | 61 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 80.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $413 | $617 | $1,030 |
| 2 Bedroom | N/A | N/A | $1,350 |
| 3 Bedroom | -$240 | $2,000 | $1,760 |
| 4 Bedroom | N/A | N/A | $1,790 |
Affordability — Dwight, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $192,000 |
| Median Household Income | $68,200 |