Waterman, IL 60556 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Waterman, IL—60556

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$278,000

6.2% YoY Growth

Household Income

$94,600

21.2% YoY Growth

Days on Market

56.0% Longer YoY

Home Price Forecast

1.4%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Waterman, IL

As of Dec '25, the median home price in Waterman, IL is $278,000, with a year-over-year change of 6.2%. This indicates that home prices in Waterman, IL are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$278,000	6.2%
Single Family	$280,000	6.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Waterman, IL

Waterman, IL lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

4.8%

1 Bedroom

7.3%

2 Bedrooms

33.9%

3 Bedrooms

37.9%

4 Bedrooms

16.1%

Property Listings — Waterman, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Waterman, IL is 51. This is a increase of 137.0% 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	$350,000	7.0%
Listing Count	10	44.0%
Listings as % of Homes	0.6%	44.0%
Days on Market	23	56.0%

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Demographics — Waterman, IL

As of the latest ACS Survey released in 2023, Waterman, IL has a population of 2,160, which has increased by 6.3% over the past 5 years. Waterman, IL is a popular place for families, as children make up 26.1% of the population. The area has a moderately educated workforce, with 27.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,160	6.3%
% Under 18	26.1%	5.7%
% Seniors	10.4%	-22.4%
% WFH	10.3%	296.2%
% w/ College Degree	27.9%	24.6%

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As of the latest ACS Survey released in 2023, Waterman, IL is a predominantly white area, with 83.2% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Waterman, IL is hispanic, making up 9.6% of the population. Foreign-born residents account for 4.6% of the population in Waterman, IL, and this percentage has decreased by 2.1% 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	83.2%	-5.9%
% Black	1.6%	60.0%
% Hispanic	9.6%	26.3%
% Asian	0.6%	∞%
% Foreign Born	4.6%	-2.1%

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Mortgage and Risk — Waterman, IL

According to HUD data as of 2023, there were 90 mortgage originations in Waterman, IL, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Waterman, IL. Investor activity is low, as 0.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	90
% Conventional Loans	68.0%
% Government Loans	32.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	3.0%

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Rentals and Section 8 — Waterman, IL

Waterman, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	3
Total Units Section 8	3
% Rentals under Section 8	2.4%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$920
2 Bedroom	N/A	N/A	$1,210
3 Bedroom	N/A	N/A	$1,690
4 Bedroom	N/A	N/A	$2,030

Waterman, IL—60556

Key Metrics at a Glance

Home Price Trends — Waterman, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Waterman, IL

% of Rental Stock

Property Listings — Waterman, IL

Demographics — Waterman, IL

Race and Ethnicity

Mortgage and Risk — Waterman, IL

Mortgages

Rentals and Section 8 — Waterman, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Waterman, IL

Home Price to Income Ratio

Waterman, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Shabbona, IL

Hinckley, IL

Somonauk, IL

Dekalb, IL

Leland, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.4
Median Home Price	$278,000
Median Household Income	$94,600

Waterman, IL—60556

Key Metrics at a Glance

Home Price Trends — Waterman, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Waterman, IL

% of Rental Stock

Property Listings — Waterman, IL

Demographics — Waterman, IL

Race and Ethnicity

Mortgage and Risk — Waterman, IL

Mortgages

Rentals and Section 8 — Waterman, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Waterman, IL

Home Price to Income Ratio

Waterman, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Shabbona, IL

Hinckley, IL

Somonauk, IL

Dekalb, IL

Leland, IL

Frequently Asked Questions

What is the average home price in Waterman, IL 60556?

How have home prices in Waterman, IL 60556 changed over the past year?

What is the home price projection for Waterman, IL 60556?

What are the demographics of Waterman, IL 60556?

How long does it take homes to sell in Waterman, IL 60556?

What is the average rent price in Waterman, IL 60556?