Willow Springs, IL—60480
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Willow Springs, IL
As of Oct '25, the median home price in Willow Springs, IL is $361,000, with a year-over-year change of 2.4%. This indicates that home prices in Willow Springs, 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 | $361,000 | 2.4% |
| Single Family | $396,000 | 3.1% |
| Condos | $245,000 | 1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $285,000 | 2.5% |
3 Bed | $365,000 | 4.0% |
4 Bed | $548,000 | 3.2% |
| 5 Bed | $698,000 | 2.5% |
% of Housing Stock
Rental Trends — Willow Springs, IL
As of July '25, Rentcast reports the average rent in Willow Springs, IL is $2,250, with a year-over-year rent change of 4.2%. Per bedroom, the median rent as of July '25 in Willow Springs, IL is 1-bedrooms: $1,590, 2-bedrooms: $2,570, 3-bedrooms: $2,700. The most common rental property sizes in Willow Springs, IL are 2-bedroom and 1-bedroom, accounting for 50.3% and 26.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,310 | $2,250 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,250 | $1,590 |
| 2 Bed Rent | $2,490 | $2,570 |
| 3 Bed Rent | $2,700 | $2,700 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Willow Springs, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Willow Springs, IL is 53. This is a increase of 44.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $420,000 | 11.0% |
Listing Count | 28 | 69.0% |
| Listings as % of Homes | 1.0% | 69.0% |
Days on Market | 53 | 44.0% |
Demographics — Willow Springs, IL
As of the latest ACS Survey released in 2023, Willow Springs, IL has a population of 5,320, which has remained stable by -0.9% over the past 5 years. Willow Springs, IL is a moderately popular place for families, as children make up 15.5% of the population. The area has a moderately educated workforce, with 38.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,320 | -0.9% |
% Under 18 | 15.5% | -14.8% |
% Seniors | 21.7% | -4.4% |
% WFH | 13.1% | 191.1% |
% w/ College Degree | 38.3% | 8.5% |
As of the latest ACS Survey released in 2023, Willow Springs, IL is a predominantly white area, with 82.9% of the population identifying as white. The white population has grown by 11.9% in the last 5 years. The second most common race or ethnicity in Willow Springs, IL is hispanic, making up 14.5% of the population. Foreign-born residents account for 15.6% of the population in Willow Springs, IL, and this percentage has decreased by 7.1% 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 | 82.9% | 11.9% |
% Black | 1.0% | -61.5% |
% Hispanic | 14.5% | -10.5% |
% Asian | 0.9% | -80.9% |
% Foreign Born | 15.6% | -7.1% |
Mortgage and Risk — Willow Springs, IL
According to HUD data as of 2023, there were 116 mortgage originations in Willow Springs, IL, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Willow Springs, 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 | 116 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Willow Springs, IL
Willow Springs, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,250 | $1,570 |
| 2 Bedroom | -$720 | $2,490 | $1,770 |
| 3 Bedroom | -$430 | $2,700 | $2,270 |
| 4 Bedroom | N/A | N/A | $2,670 |
Affordability — Willow Springs, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $361,000 |
| Median Household Income | $97,300 |