Leland, IL—60531
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Leland, IL
Leland, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $277,000 | 7.9% |
| Single Family | $276,000 | 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 | N/A | N/A |
3 Bed | $263,000 | 6.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Leland, IL
Leland, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,100 | $1,180 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Leland, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Leland, IL is 56. This is a increase of 50.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $240,000 | -40.0% |
Listing Count | 3 | -17.0% |
| Listings as % of Homes | 0.5% | -17.0% |
Days on Market | 56 | 50.0% |
Demographics — Leland, IL
As of the latest ACS Survey released in 2023, Leland, IL has a population of 2,170, which has increased by 23.4% over the past 5 years. Leland, IL is a moderately popular place for families, as children make up 23.5% of the population. The area has a moderately educated workforce, with 25.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,170 | 23.4% |
% Under 18 | 23.5% | 21.1% |
% Seniors | 11.7% | -15.8% |
% WFH | 9.1% | 93.6% |
% w/ College Degree | 25.8% | 47.4% |
As of the latest ACS Survey released in 2023, Leland, IL is a predominantly white area, with 93.2% of the population identifying as white. The white population has grown by 4.8% in the last 5 years. The second most common race or ethnicity in Leland, IL is hispanic, making up 4.4% of the population. Foreign-born residents account for 1.8% of the population in Leland, IL, and this percentage has decreased by 65.4% 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 | 93.2% | 4.8% |
% Black | 0.0% | N/A |
% Hispanic | 4.4% | -56.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.8% | -65.4% |
Mortgage and Risk — Leland, IL
According to HUD data as of 2023, there were 51 mortgage originations in Leland, IL, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Leland, IL. Investor activity is low, as 6.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 51 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Leland, IL
Leland, 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 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,250 |
| 2 Bedroom | $520 | $1,100 | $1,620 |
| 3 Bedroom | N/A | N/A | $2,290 |
| 4 Bedroom | N/A | N/A | $2,750 |
Affordability — Leland, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $277,000 |
| Median Household Income | $77,700 |