Loda, IL—60948
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Loda, IL
Loda, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $251,000 | 2.6% |
| Single Family | $251,000 | 3.3% |
| 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 | $237,000 | 3.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Loda, IL
Loda, 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 — Loda, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Loda, IL is 100. This is a increase of 48.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $297,000 | -7.0% |
Listing Count | 11 | -35.0% |
| Listings as % of Homes | 0.5% | -35.0% |
Days on Market | 100 | 48.0% |
Demographics — Loda, IL
As of the latest ACS Survey released in 2023, Loda, IL has a population of 1,840, which has increased by 22.9% over the past 5 years. Loda, IL is a popular place for families, as children make up 25.7% of the population. The area has a poorly educated workforce, with 21.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,840 | 22.9% |
% Under 18 | 25.7% | 23.0% |
% Seniors | 25.9% | 16.7% |
% WFH | 19.0% | 258.5% |
% w/ College Degree | 21.3% | -41.6% |
As of the latest ACS Survey released in 2023, Loda, IL is a predominantly white area, with 96.8% of the population identifying as white. The white population has grown by 6.4% in the last 5 years. The second most common race or ethnicity in Loda, IL is black, making up 1.0% of the population. Foreign-born residents account for 0.3% of the population in Loda, IL, and this percentage has decreased by 90.3% 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 | 96.8% | 6.4% |
% Black | 1.0% | -64.3% |
% Hispanic | 0.5% | -68.8% |
% Asian | 0.1% | -91.7% |
% Foreign Born | 0.3% | -90.3% |
Mortgage and Risk — Loda, IL
According to HUD data as of 2023, there were 55 mortgage originations in Loda, IL, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Loda, IL. Investor activity is low, as 5.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 55 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Loda, IL
Loda, 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 | $720 |
| 2 Bedroom | N/A | N/A | $940 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,360 |
Affordability — Loda, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $251,000 |
| Median Household Income | $86,000 |