Davis Junction, IL—61020
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Davis Junction, IL
As of Oct '25, the median home price in Davis Junction, IL is $264,000, with a year-over-year change of 5.7%. This indicates that home prices in Davis Junction, IL are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $264,000 | 5.7% |
| Single Family | $264,000 | 6.5% |
| 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 | $259,000 | 6.1% |
4 Bed | $304,000 | 3.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Davis Junction, IL
As of July '25, Rentcast reports the average rent in Davis Junction, IL is $930, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in Davis Junction, IL is 1-bedrooms: $850, 2-bedrooms: $950. The most common rental property sizes in Davis Junction, IL are 2-bedroom and 4-bedroom, accounting for 43.1% and 37.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $930 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $850 |
| 2 Bed Rent | $950 | $950 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Davis Junction, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Davis Junction, IL is 63. This is a increase of 112.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $308,000 | 9.0% |
Listing Count | 13 | 0.0% |
| Listings as % of Homes | 0.5% | 0.0% |
Days on Market | 63 | 112.0% |
Demographics — Davis Junction, IL
As of the latest ACS Survey released in 2023, Davis Junction, IL has a population of 3,200, which has increased by 2.1% over the past 5 years. Davis Junction, IL is a popular place for families, as children make up 34.8% of the population. The area has a moderately educated workforce, with 29.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,200 | 2.1% |
% Under 18 | 34.8% | 12.3% |
% Seniors | 9.4% | 23.7% |
% WFH | 8.4% | 127.0% |
% w/ College Degree | 29.8% | 49.0% |
As of the latest ACS Survey released in 2023, Davis Junction, IL is a predominantly white area, with 82.8% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Davis Junction, IL is hispanic, making up 15.2% of the population. Foreign-born residents account for 4.0% of the population in Davis Junction, IL, and this percentage has decreased by 9.1% 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 | 82.8% | -4.1% |
% Black | 0.5% | -61.5% |
% Hispanic | 15.2% | 43.4% |
% Asian | 0.1% | -75.0% |
% Foreign Born | 4.0% | -9.1% |
Mortgage and Risk — Davis Junction, IL
According to HUD data as of 2023, there were 99 mortgage originations in Davis Junction, IL, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Davis Junction, IL. Investor activity is low, as 4.0% 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 | 99 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Davis Junction, IL
Davis Junction, 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 | $90 | $850 | $940 |
| 2 Bedroom | $280 | $950 | $1,230 |
| 3 Bedroom | N/A | N/A | $1,550 |
| 4 Bedroom | N/A | N/A | $1,730 |
Affordability — Davis Junction, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $264,000 |
| Median Household Income | $96,100 |