Herscher, IL 60941 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Herscher, IL—60941

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$247,000

5.9% YoY Growth

Household Income

$93,000

24.9% YoY Growth

Days on Market

93.0% Longer YoY

Home Price Forecast

3.8%

Median Rent

$1,500

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Herscher, IL

As of Dec '25, the median home price in Herscher, IL is $247,000, with a year-over-year change of 5.9%. This indicates that home prices in Herscher, IL are increasing. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$247,000	5.9%
Single Family	$248,000	6.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

Loading chart...

% of Rental Stock

1 Bedroom

17.6%

2 Bedrooms

47.2%

3 Bedrooms

28.9%

4 Bedrooms

6.3%

Property Listings — Herscher, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Herscher, IL is 76. This is a increase of 171.0% 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	$302,000	31.0%
Listing Count	4	-32.0%
Listings as % of Homes	0.3%	-32.0%
Days on Market	70	93.0%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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

Herscher, IL—60941

Key Metrics at a Glance

Home Price Trends — Herscher, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Herscher, IL

% of Rental Stock

Property Listings — Herscher, IL

Demographics — Herscher, IL

Race and Ethnicity

Mortgage and Risk — Herscher, IL

Mortgages

Rentals and Section 8 — Herscher, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Herscher, IL

Home Price to Income Ratio

Herscher, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Buckingham, IL

Bonfield, IL

Essex, IL

Reddick, IL

Cabery, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.3
Median Home Price	$247,000
Median Household Income	$93,000

Herscher, IL—60941

Key Metrics at a Glance

Home Price Trends — Herscher, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Herscher, IL

% of Rental Stock

Property Listings — Herscher, IL

Demographics — Herscher, IL

Race and Ethnicity

Mortgage and Risk — Herscher, IL

Mortgages

Rentals and Section 8 — Herscher, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Herscher, IL

Home Price to Income Ratio

Herscher, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Buckingham, IL

Bonfield, IL

Essex, IL

Reddick, IL

Cabery, IL

Frequently Asked Questions

What is the average home price in Herscher, IL 60941?

How have home prices in Herscher, IL 60941 changed over the past year?

What is the home price projection for Herscher, IL 60941?

What are the demographics of Herscher, IL 60941?

How long does it take homes to sell in Herscher, IL 60941?

What is the average rent price in Herscher, IL 60941?