Paxton, IL—60957
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Paxton, IL
Paxton, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $145,000 | 1.6% |
| Single Family | $145,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $101,000 | 2.0% |
3 Bed | $139,000 | 3.0% |
4 Bed | $174,000 | 3.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Paxton, IL
Paxton, 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 — Paxton, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Paxton, IL is 65. This is a increase of 87.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $181,000 | -10.0% |
Listing Count | 23 | 82.0% |
| Listings as % of Homes | 0.7% | 82.0% |
Days on Market | 65 | 87.0% |
Demographics — Paxton, IL
As of the latest ACS Survey released in 2023, Paxton, IL has a population of 5,620, which has increased by 6.3% over the past 5 years. Paxton, IL is a moderately popular place for families, as children make up 23.7% of the population. The area has a poorly educated workforce, with 22.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,620 | 6.3% |
% Under 18 | 23.7% | -2.9% |
% Seniors | 22.0% | 18.9% |
% WFH | 9.3% | 97.9% |
% w/ College Degree | 22.6% | 13.0% |
As of the latest ACS Survey released in 2023, Paxton, IL is a predominantly white area, with 93.3% of the population identifying as white. The white population has grown by 2.9% in the last 5 years. The second most common race or ethnicity in Paxton, IL is hispanic, making up 2.4% of the population. Foreign-born residents account for 0.3% of the population in Paxton, IL, and this percentage has decreased by 84.2% 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 | 93.3% | 2.9% |
% Black | 0.5% | -77.3% |
% Hispanic | 2.4% | -56.4% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.3% | -84.2% |
Mortgage and Risk — Paxton, IL
According to HUD data as of 2023, there were 112 mortgage originations in Paxton, IL, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Paxton, IL. Investor activity is low, as 9.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 112 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Paxton, IL
Paxton, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $950 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,310 |
Affordability — Paxton, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $145,000 |
| Median Household Income | $66,700 |