Milledgeville, IL—61051
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Milledgeville, IL
Milledgeville, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $139,000 | 13.4% |
| Single Family | $139,000 | 12.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $86,000 | 7.5% |
3 Bed | $144,000 | 13.4% |
4 Bed | $172,000 | 11.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Milledgeville, IL
Milledgeville, 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 — Milledgeville, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Milledgeville, IL is 53. This is a increase of 321.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $128,000 | 0.0% |
Listing Count | 9 | 260.0% |
| Listings as % of Homes | 0.5% | 260.0% |
Days on Market | 53 | 321.0% |
Demographics — Milledgeville, IL
As of the latest ACS Survey released in 2023, Milledgeville, IL has a population of 1,520, which has decreased by -9.9% over the past 5 years. Milledgeville, IL is a moderately popular place for families, as children make up 23.6% of the population. The area has a poorly educated workforce, with 15.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,520 | -9.9% |
% Under 18 | 23.6% | 1.7% |
% Seniors | 20.0% | 13.0% |
% WFH | 2.5% | 38.9% |
% w/ College Degree | 15.7% | 5.4% |
As of the latest ACS Survey released in 2023, Milledgeville, IL is a predominantly white area, with 94.3% of the population identifying as white. The white population has grown by 1.9% in the last 5 years. The second most common race or ethnicity in Milledgeville, IL is hispanic, making up 5.3% of the population. Foreign-born residents account for 0.2% of the population in Milledgeville, IL, and this percentage has increased by Inf% 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 | 94.3% | 1.9% |
% Black | 0.1% | -80.0% |
% Hispanic | 5.3% | 10.4% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.2% | ∞% |
Mortgage and Risk — Milledgeville, IL
According to HUD data as of 2023, there were 30 mortgage originations in Milledgeville, IL, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Milledgeville, IL. Investor activity is low, as 3.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 30 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Milledgeville, IL
Milledgeville, 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 | $710 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,130 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Milledgeville, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $139,000 |
| Median Household Income | $63,100 |