Monroe Center, IL—61052
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monroe Center, IL
As of Oct '25, the median home price in Monroe Center, IL is $247,000, with a year-over-year change of 7.0%. This indicates that home prices in Monroe Center, IL are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $247,000 | 7.0% |
| Single Family | $247,000 | 8.8% |
| 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 — Monroe Center, IL
Monroe Center, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,100 | $1,100 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,100 | $1,100 |
% of Rental Stock
Property Listings — Monroe Center, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Monroe Center, IL is 4. This is a decrease of -2.0% 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 | $270,000 | -19.0% |
Listing Count | 3 | 0.0% |
| Listings as % of Homes | 0.6% | 0.0% |
Days on Market | 4 | -2.0% |
Demographics — Monroe Center, IL
As of the latest ACS Survey released in 2023, Monroe Center, IL has a population of 1,160, which has increased by 41.3% over the past 5 years. Monroe Center, IL is a moderately popular place for families, as children make up 22.7% of the population. The area has a poorly educated workforce, with 22.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,160 | 41.3% |
% Under 18 | 22.7% | 69.4% |
% Seniors | 17.8% | -41.8% |
% WFH | 8.1% | 62.0% |
% w/ College Degree | 22.5% | 45.2% |
As of the latest ACS Survey released in 2023, Monroe Center, IL is a predominantly white area, with 88.5% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Monroe Center, IL is hispanic, making up 10.2% of the population. Foreign-born residents account for 1.8% of the population in Monroe Center, IL, and this percentage has increased by 157.1% 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 | 88.5% | -6.3% |
% Black | 0.0% | N/A |
% Hispanic | 10.2% | 121.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.8% | 157.1% |
Mortgage and Risk — Monroe Center, IL
Monroe Center, IL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Monroe Center, IL
Monroe Center, 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 | $920 |
| 2 Bedroom | $100 | $1,100 | $1,200 |
| 3 Bedroom | N/A | N/A | $1,690 |
| 4 Bedroom | $930 | $1,100 | $2,030 |
Affordability — Monroe Center, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $247,000 |
| Median Household Income | $91,900 |