Piper City, IL—60959
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Piper City, IL
Piper City, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $112,000 | 3.6% |
| Single Family | $112,000 | 5.7% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Piper City, IL
Piper City, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,180 |
| Studio Rent | $1,000 | $1,000 |
| 1 Bed Rent | $1,200 | $1,200 |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Piper City, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Piper City, IL is 50. This is a decrease of -42.0% 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 | $89,900 | 35.0% |
Listing Count | 3 | -47.0% |
| Listings as % of Homes | 0.2% | -47.0% |
Days on Market | 50 | -42.0% |
Demographics — Piper City, IL
As of the latest ACS Survey released in 2023, Piper City, IL has a population of 904, which has decreased by -14.7% over the past 5 years. Piper City, IL is a moderately popular place for families, as children make up 15.6% of the population. The area has a poorly educated workforce, with 9.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 904 | -14.7% |
% Under 18 | 15.6% | 10.6% |
% Seniors | 19.0% | -2.6% |
% WFH | 6.7% | 59.5% |
% w/ College Degree | 9.6% | 100.0% |
As of the latest ACS Survey released in 2023, Piper City, IL is a predominantly white area, with 89.0% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Piper City, IL is hispanic, making up 4.8% of the population. Foreign-born residents account for 3.4% of the population in Piper City, IL, and this percentage has increased by 1033.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.0% | -2.6% |
% Black | 1.8% | ∞% |
% Hispanic | 4.8% | 6.7% |
% Asian | 0.4% | 33.3% |
% Foreign Born | 3.4% | 1,033.3% |
Mortgage and Risk — Piper City, IL
According to HUD data as of 2023, there were 21 mortgage originations in Piper City, IL, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Piper City, IL. Investor activity is low, as 5.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 21 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Piper City, IL
Piper City, 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 | -$540 | $1,200 | $660 |
| 2 Bedroom | -$530 | $1,400 | $870 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,220 |
Affordability — Piper City, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $112,000 |
| Median Household Income | $49,700 |