Plano, IL—60545
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Plano, IL
As of Oct '25, the median home price in Plano, IL is $297,000, with a year-over-year change of 4.9%. This indicates that home prices in Plano, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $297,000 | 4.9% |
| Single Family | $304,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $230,000 | 7.0% |
3 Bed | $282,000 | 4.4% |
4 Bed | $363,000 | 3.4% |
| 5 Bed | $408,000 | 2.8% |
% of Housing Stock
Rental Trends — Plano, IL
As of July '25, Rentcast reports the average rent in Plano, IL is $2,130, with a year-over-year rent change of 6.0%. Per bedroom, the median rent as of July '25 in Plano, IL is 1-bedrooms: $1,020, 2-bedrooms: $1,580, 3-bedrooms: $2,290, 4-bedrooms: $2,480. The most common rental property sizes in Plano, IL are 3-bedroom and 2-bedroom, accounting for 39.3% and 33.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,130 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,020 | $1,020 |
| 2 Bed Rent | $1,500 | $1,580 |
| 3 Bed Rent | $2,320 | $2,290 |
| 4 Bed Rent | $2,510 | $2,480 |
% of Rental Stock
Property Listings — Plano, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Plano, IL is 24. This is a decrease of -17.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $291,000 | 1.0% |
Listing Count | 39 | -25.0% |
| Listings as % of Homes | 0.6% | -25.0% |
Days on Market | 24 | -17.0% |
Demographics — Plano, IL
As of the latest ACS Survey released in 2023, Plano, IL has a population of 14,200, which has increased by 7.0% over the past 5 years. Plano, IL is a popular place for families, as children make up 26.3% of the population. The area has a moderately educated workforce, with 27.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,200 | 7.0% |
% Under 18 | 26.3% | -9.3% |
% Seniors | 11.3% | 11.9% |
% WFH | 6.5% | 441.7% |
% w/ College Degree | 27.4% | 37.7% |
As of the latest ACS Survey released in 2023, Plano, IL is a predominantly white area, with 59.1% of the population identifying as white. The white population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Plano, IL is hispanic, making up 33.8% of the population. Foreign-born residents account for 11.6% of the population in Plano, IL, and this percentage has increased by 11.5% 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 | 59.1% | -0.2% |
% Black | 3.8% | -61.2% |
% Hispanic | 33.8% | 19.4% |
% Asian | 1.3% | 62.5% |
% Foreign Born | 11.6% | 11.5% |
Mortgage and Risk — Plano, IL
According to HUD data as of 2023, there were 287 mortgage originations in Plano, IL, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Plano, IL. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 287 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Plano, IL
As of 2024, the percent of homes in Plano, IL under the Section 8 program is 3.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Plano, IL, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 29 |
Total Units Section 8 | 29 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $280 | $1,020 | $1,300 |
| 2 Bedroom | $210 | $1,500 | $1,710 |
| 3 Bedroom | $80 | $2,320 | $2,400 |
| 4 Bedroom | -$30 | $2,510 | $2,480 |
Affordability — Plano, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $297,000 |
| Median Household Income | $84,900 |