Hoopeston, IL 60942 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Hoopeston, IL—60942

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$78,000

4.3% YoY Growth

Household Income

$55,300

25.3% YoY Growth

Days on Market

14.0% Longer YoY

Home Price Forecast

-0.1%

Median Rent

$675

15.0% YoY Growth

1-Bed Rent

$475

12.9% YoY Growth

2-Bed Rent

$675

9.7% YoY Growth

3-Bed Rent

$650

7.9% YoY Growth

Home Price Trends — Hoopeston, IL

As of Dec '25, the median home price in Hoopeston, IL is $78,000, with a year-over-year change of -4.3%. This indicates that home prices in Hoopeston, IL are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$78,000	-4.3%
Single Family	$78,000	-3.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Hoopeston, IL

As of July '25, Rentcast reports the average rent in Hoopeston, IL is $674, with a year-over-year rent change of 15.0%. Per bedroom, the median rent as of July '25 in Hoopeston, IL is 1-bedrooms: $533, 2-bedrooms: $659, 3-bedrooms: $874, 4-bedrooms: $1,350. The most common rental property sizes in Hoopeston, IL are 2-bedroom and 3-bedroom, accounting for 61.4% and 19.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$675	$674
Studio Rent	N/A	N/A
1 Bed Rent	$475	$533
2 Bed Rent	$675	$659
3 Bed Rent	$650	$874
4 Bed Rent	$1,350	$1,350

Loading chart...

% of Rental Stock

1 Bedroom

9.0%

2 Bedrooms

61.4%

3 Bedrooms

19.2%

4 Bedrooms

10.4%

Property Listings — Hoopeston, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Hoopeston, IL is 58. This is a decrease of -7.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$87,200	-13.0%
Listing Count	21	-3.0%
Listings as % of Homes	0.6%	-3.0%
Days on Market	59	14.0%

Loading chart...

Demographics — Hoopeston, IL

As of the latest ACS Survey released in 2023, Hoopeston, IL has a population of 5,640, which has decreased by -4.0% over the past 5 years. Hoopeston, IL is a moderately popular place for families, as children make up 19.0% of the population. The area has a poorly educated workforce, with 9.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,640	-4.0%
% Under 18	19.0%	-10.8%
% Seniors	22.5%	10.3%
% WFH	4.2%	-28.8%
% w/ College Degree	9.2%	-40.6%

Loading chart...

As of the latest ACS Survey released in 2023, Hoopeston, IL is a predominantly white area, with 91.0% of the population identifying as white. The white population has grown by 13.7% in the last 5 years. The second most common race or ethnicity in Hoopeston, IL is hispanic, making up 4.9% of the population. Foreign-born residents account for 1.4% of the population in Hoopeston, IL, and this percentage has decreased by 61.1% 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	91.0%	13.7%
% Black	1.9%	-17.4%
% Hispanic	4.9%	-66.0%
% Asian	1.1%	-57.7%
% Foreign Born	1.4%	-61.1%

Loading chart...

Mortgage and Risk — Hoopeston, IL

According to HUD data as of 2023, there were 65 mortgage originations in Hoopeston, IL, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Hoopeston, IL. Investor activity is low, as 0.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	65
% Conventional Loans	69.0%
% Government Loans	31.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	6.0%

Loading chart...

Rentals and Section 8 — Hoopeston, IL

As of 2024, the percent of homes in Hoopeston, IL under the Section 8 program is 7.6%. 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. In Hoopeston, IL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	157
Total Units Section 8	72
% Rentals under Section 8	7.6%
% Occupied Section 8	72.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$305	$475	$780
2 Bedroom	$345	$675	$1,020
3 Bedroom	$590	$650	$1,240
4 Bedroom	$30	$1,350	$1,380

Hoopeston, IL—60942

Key Metrics at a Glance

Home Price Trends — Hoopeston, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hoopeston, IL

% of Rental Stock

Property Listings — Hoopeston, IL

Demographics — Hoopeston, IL

Race and Ethnicity

Mortgage and Risk — Hoopeston, IL

Mortgages

Rentals and Section 8 — Hoopeston, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Hoopeston, IL

Home Price to Income Ratio

Hoopeston, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Rossville, IL

East Lynn

Henning

Alvin, IL

Ambia, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.4
Median Home Price	$78,000
Median Household Income	$55,300

Hoopeston, IL—60942

Key Metrics at a Glance

Home Price Trends — Hoopeston, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hoopeston, IL

% of Rental Stock

Property Listings — Hoopeston, IL

Demographics — Hoopeston, IL

Race and Ethnicity

Mortgage and Risk — Hoopeston, IL

Mortgages

Rentals and Section 8 — Hoopeston, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Hoopeston, IL

Home Price to Income Ratio

Hoopeston, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Rossville, IL

East Lynn

Henning

Alvin, IL

Ambia, IN

Frequently Asked Questions

What is the average home price in Hoopeston, IL 60942?

How have home prices in Hoopeston, IL 60942 changed over the past year?

What is the home price projection for Hoopeston, IL 60942?

What are the demographics of Hoopeston, IL 60942?

How long does it take homes to sell in Hoopeston, IL 60942?

What is the average rent price in Hoopeston, IL 60942?