Oregon, IL 61061 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Oregon, IL—61061

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$220,000

9.1% YoY Growth

Household Income

$86,700

45.6% YoY Growth

Days on Market

29.0% Shorter YoY

Home Price Forecast

3.4%

Median Rent

$1,200

96.4% YoY Growth

1-Bed Rent

$650

1.8% YoY Growth

2-Bed Rent

$2,050

N/A

3-Bed Rent

$1,200

N/A

Home Price Trends — Oregon, IL

As of Dec '25, the median home price in Oregon, IL is $220,000, with a year-over-year change of 9.1%. This indicates that home prices in Oregon, IL are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$220,000	9.1%
Single Family	$220,000	9.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Oregon, IL

As of July '25, Rentcast reports the average rent in Oregon, IL is $1,300, with a year-over-year rent change of 96.4%. Per bedroom, the median rent as of July '25 in Oregon, IL is 1-bedrooms: $650, 2-bedrooms: $2,050, 3-bedrooms: $1,200. The most common rental property sizes in Oregon, IL are 1-bedroom and 3-bedroom, accounting for 42.3% and 39.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,200	$1,300
Studio Rent	N/A	N/A
1 Bed Rent	$650	$650
2 Bed Rent	$2,050	$2,050
3 Bed Rent	$1,200	$1,200
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

42.3%

2 Bedrooms

13.5%

3 Bedrooms

39.2%

4 Bedrooms

5.0%

Property Listings — Oregon, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Oregon, IL is 79. This is a increase of 2.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$307,000	3.0%
Listing Count	17	-33.0%
Listings as % of Homes	0.7%	-33.0%
Days on Market	42	-29.0%

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Demographics — Oregon, IL

As of the latest ACS Survey released in 2023, Oregon, IL has a population of 6,800, which has increased by 6.6% over the past 5 years. Oregon, IL is a moderately popular place for families, as children make up 17.7% of the population. The area has a poorly educated workforce, with 22.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	6,800	6.6%
% Under 18	17.7%	4.7%
% Seniors	25.9%	-3.4%
% WFH	5.9%	11.3%
% w/ College Degree	22.4%	13.7%

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As of the latest ACS Survey released in 2023, Oregon, IL is a predominantly white area, with 91.7% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Oregon, IL is hispanic, making up 2.9% of the population. Foreign-born residents account for 1.6% of the population in Oregon, IL, and this percentage has increased by 220.0% 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	91.7%	-2.0%
% Black	0.5%	150.0%
% Hispanic	2.9%	-32.6%
% Asian	1.3%	1,200.0%
% Foreign Born	1.6%	220.0%

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Mortgage and Risk — Oregon, IL

According to HUD data as of 2023, there were 63 mortgage originations in Oregon, IL, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Oregon, IL. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	63
% Conventional Loans	65.0%
% Government Loans	35.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Oregon, IL

Oregon, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	96
Total Units Section 8	46
% Rentals under Section 8	N/A
% Occupied Section 8	74.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$60	$650	$710
2 Bedroom	-$1,120	$2,050	$930
3 Bedroom	-$30	$1,200	$1,170
4 Bedroom	N/A	N/A	$1,310

Oregon, IL—61061

Key Metrics at a Glance

Home Price Trends — Oregon, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oregon, IL

% of Rental Stock

Property Listings — Oregon, IL

Demographics — Oregon, IL

Race and Ethnicity

Mortgage and Risk — Oregon, IL

Mortgages

Rentals and Section 8 — Oregon, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Oregon, IL

Home Price to Income Ratio

Oregon, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Mount Morris, IL

Chana, IL

Byron, IL

Lightsville, IL

Franklin Grove, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.2
Median Home Price	$220,000
Median Household Income	$86,700

Oregon, IL—61061

Key Metrics at a Glance

Home Price Trends — Oregon, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oregon, IL

% of Rental Stock

Property Listings — Oregon, IL

Demographics — Oregon, IL

Race and Ethnicity

Mortgage and Risk — Oregon, IL

Mortgages

Rentals and Section 8 — Oregon, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Oregon, IL

Home Price to Income Ratio

Oregon, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Mount Morris, IL

Chana, IL

Byron, IL

Lightsville, IL

Franklin Grove, IL

Frequently Asked Questions

What is the average home price in Oregon, IL 61061?

How have home prices in Oregon, IL 61061 changed over the past year?

What is the home price projection for Oregon, IL 61061?

What are the demographics of Oregon, IL 61061?

How long does it take homes to sell in Oregon, IL 61061?

What is the average rent price in Oregon, IL 61061?