Herscher, IL—60941
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Herscher, IL
As of Oct '25, the median home price in Herscher, IL is $249,000, with a year-over-year change of 5.7%. This indicates that home prices in Herscher, IL are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $249,000 | 5.7% |
| Single Family | $249,000 | 5.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $233,000 | 4.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Herscher, IL
Herscher, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,500 |
| 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 | $1,500 | $1,500 |
% of Rental Stock
Property Listings — Herscher, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Herscher, IL is 70. This is a increase of 91.0% 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 | $264,000 | 5.0% |
Listing Count | 6 | 54.0% |
| Listings as % of Homes | 0.3% | 54.0% |
Days on Market | 70 | 91.0% |
Demographics — Herscher, IL
As of the latest ACS Survey released in 2023, Herscher, IL has a population of 1,600, which has decreased by -26.5% over the past 5 years. Herscher, IL is a moderately popular place for families, as children make up 24.4% of the population. The area has a moderately educated workforce, with 31.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,600 | -26.5% |
% Under 18 | 24.4% | -10.0% |
% Seniors | 26.3% | 31.5% |
% WFH | 8.2% | 0.0% |
% w/ College Degree | 31.4% | 20.3% |
As of the latest ACS Survey released in 2023, Herscher, IL is a predominantly white area, with 96.7% of the population identifying as white. The white population has grown by 2.5% in the last 5 years. The second most common race or ethnicity in Herscher, IL is hispanic, making up 1.3% of the population. Foreign-born residents account for 0.3% of the population in Herscher, IL, and this percentage has decreased by 70.0% 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 | 96.7% | 2.5% |
% Black | 0.7% | 75.0% |
% Hispanic | 1.3% | -7.1% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 0.3% | -70.0% |
Mortgage and Risk — Herscher, IL
According to HUD data as of 2023, there were 65 mortgage originations in Herscher, IL, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Herscher, IL. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 65 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Herscher, IL
Herscher, 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 | $890 |
| 2 Bedroom | N/A | N/A | $1,170 |
| 3 Bedroom | N/A | N/A | $1,550 |
| 4 Bedroom | $50 | $1,500 | $1,550 |
Affordability — Herscher, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $249,000 |
| Median Household Income | $93,000 |