Bonfield, IL—60913
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bonfield, IL
As of Oct '25, the median home price in Bonfield, IL is $300,000, with a year-over-year change of 3.2%. This indicates that home prices in Bonfield, IL are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $300,000 | 3.2% |
| Single Family | $300,000 | 3.8% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bonfield, IL
Bonfield, 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 |
% of Rental Stock
Property Listings — Bonfield, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Bonfield, IL is 43. This is a increase of 9.0% 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 | $295,000 | -26.0% |
Listing Count | 5 | 21.0% |
| Listings as % of Homes | 0.3% | 21.0% |
Days on Market | 43 | 9.0% |
Demographics — Bonfield, IL
As of the latest ACS Survey released in 2023, Bonfield, IL has a population of 1,600, which has increased by 13.3% over the past 5 years. Bonfield, IL is a moderately popular place for families, as children make up 19.3% of the population. The area has a poorly educated workforce, with 20.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,600 | 13.3% |
% Under 18 | 19.3% | 85.6% |
% Seniors | 30.3% | 45.0% |
% WFH | 10.1% | 741.7% |
% w/ College Degree | 20.3% | 23.8% |
As of the latest ACS Survey released in 2023, Bonfield, IL is a predominantly white area, with 91.2% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Bonfield, IL is hispanic, making up 2.3% of the population. Foreign-born residents account for 0.0% of the population in Bonfield, IL, and this percentage has decreased by 100.0% 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 | 91.2% | 1.2% |
% Black | 0.3% | -85.7% |
% Hispanic | 2.3% | -20.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Bonfield, IL
According to HUD data as of 2023, there were 55 mortgage originations in Bonfield, IL, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Bonfield, IL. Investor activity is low, as 4.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 55 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Bonfield, IL
Bonfield, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $950 |
| 2 Bedroom | N/A | N/A | $1,210 |
| 3 Bedroom | N/A | N/A | $1,600 |
| 4 Bedroom | N/A | N/A | $1,650 |
Affordability — Bonfield, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $300,000 |
| Median Household Income | $90,500 |