Momence, IL 60954 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Momence, IL—60954

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$169,000

4.7% YoY Growth

Household Income

$58,600

2.8% YoY Growth

Days on Market

20.0% Longer YoY

Home Price Forecast

3.4%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Momence, IL

As of Dec '25, the median home price in Momence, IL is $169,000, with a year-over-year change of 4.7%. This indicates that home prices in Momence, IL are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$169,000	4.7%
Single Family	$169,000	4.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Momence, IL

Momence, 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

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% of Rental Stock

Studio

6.5%

1 Bedroom

20.7%

2 Bedrooms

34.1%

3 Bedrooms

33.6%

4 Bedrooms

3.3%

5+ Bedrooms

1.8%

Property Listings — Momence, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Momence, IL is 70. This is a increase of 16.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$138,000	-7.0%
Listing Count	13	4.0%
Listings as % of Homes	0.5%	4.0%
Days on Market	80	20.0%

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Demographics — Momence, IL

As of the latest ACS Survey released in 2023, Momence, IL has a population of 5,590, which has decreased by -4.4% over the past 5 years. Momence, IL is a moderately popular place for families, as children make up 22.6% of the population. The area has a poorly educated workforce, with 12.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,590	-4.4%
% Under 18	22.6%	0.0%
% Seniors	18.2%	1.7%
% WFH	3.7%	5.7%
% w/ College Degree	12.8%	11.3%

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As of the latest ACS Survey released in 2023, Momence, IL is a predominantly white area, with 78.9% of the population identifying as white. The white population has grown by 2.7% in the last 5 years. The second most common race or ethnicity in Momence, IL is hispanic, making up 16.4% of the population. Foreign-born residents account for 4.4% of the population in Momence, IL, and this percentage has decreased by 20.0% 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	78.9%	2.7%
% Black	2.0%	-65.5%
% Hispanic	16.4%	13.9%
% Asian	0.4%	300.0%
% Foreign Born	4.4%	-20.0%

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Mortgage and Risk — Momence, IL

According to HUD data as of 2023, there were 108 mortgage originations in Momence, IL, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Momence, IL. Investor activity is low, as 14.0% 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	108
% Conventional Loans	80.0%
% Government Loans	20.0%
% Investor Loans	14.0%
% Second Loans	1.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Momence, IL

Momence, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	2
Total Units Section 8	2
% Rentals under Section 8	0.4%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$850
2 Bedroom	N/A	N/A	$1,110
3 Bedroom	N/A	N/A	$1,470
4 Bedroom	N/A	N/A	$1,470

Momence, IL—60954

Key Metrics at a Glance

Home Price Trends — Momence, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Momence, IL

% of Rental Stock

Property Listings — Momence, IL

Demographics — Momence, IL

Race and Ethnicity

Mortgage and Risk — Momence, IL

Mortgages

Rentals and Section 8 — Momence, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Momence, IL

Home Price to Income Ratio

Momence, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Hopkins Park, IL

Grant Park, IL

Schneider

Saint Anne, IL

Beecher, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.4
Median Home Price	$169,000
Median Household Income	$58,600

Momence, IL—60954

Key Metrics at a Glance

Home Price Trends — Momence, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Momence, IL

% of Rental Stock

Property Listings — Momence, IL

Demographics — Momence, IL

Race and Ethnicity

Mortgage and Risk — Momence, IL

Mortgages

Rentals and Section 8 — Momence, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Momence, IL

Home Price to Income Ratio

Momence, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Hopkins Park, IL

Grant Park, IL

Schneider

Saint Anne, IL

Beecher, IL

Frequently Asked Questions

What is the average home price in Momence, IL 60954?

How have home prices in Momence, IL 60954 changed over the past year?

What is the home price projection for Momence, IL 60954?

What are the demographics of Momence, IL 60954?

How long does it take homes to sell in Momence, IL 60954?

What is the average rent price in Momence, IL 60954?