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Poplar Grove, IL—61065

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$279,000
6.3% YoY Growth
Household Income
$104,000
48.8% YoY Growth
Days on Market
32
32.0% Shorter YoY
Home Price Forecast
2.7%
Median Rent
$2,200
34.9% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$2,200
39.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Poplar Grove, IL

As of May '26, the median home price in Poplar Grove, IL is $279,000, with a year-over-year change of 6.3%. This indicates that home prices in Poplar Grove, 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 TypeMedian Home ValueYoY % Change
All Homes
$279,0006.3%
Single Family $281,0006.0%
Condos $206,0007.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$204,0008.5%
    3 Bed
    		$265,0006.9%
    4 Bed
    		$322,0005.6%
    5 Bed $347,9375.3%
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    % of Housing Stock

    Studio
    1.2%
    1 Bedroom
    0.5%
    2 Bedrooms
    8.8%
    3 Bedrooms
    54.5%
    4 Bedrooms
    30.8%
    5+ Bedrooms
    4.2%

    Rental Trends — Poplar Grove, IL

    As of July '25, Rentcast reports the average rent in Poplar Grove, IL is $2,280, with a year-over-year rent change of 34.9%. Per bedroom, the median rent as of July '25 in Poplar Grove, IL is 3-bedrooms: $2,280. The most common rental property sizes in Poplar Grove, IL are 3-bedroom and 4-bedroom, accounting for 68.7% and 27.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,200$2,280
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $2,200$2,280
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    4.2%
    3 Bedrooms
    68.7%
    4 Bedrooms
    27.0%

    Property Listings — Poplar Grove, IL

    As of May '26, Realtor.com reports that the median days on market for a home in Poplar Grove, IL is 32. This is a decrease of -32.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$344,0001.0%
    Listing Count
    		386.0%
    Listings as % of Homes0.6%6.0%
    Days on Market
    		32-32.0%
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    Demographics — Poplar Grove, IL

    As of the latest ACS Survey released in 2023, Poplar Grove, IL has a population of 10,900, which has increased by 5.5% over the past 5 years. Poplar Grove, IL is a popular place for families, as children make up 28.3% of the population. The area has a poorly educated workforce, with 22.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		10,9005.5%
    % Under 18
    		28.3%-2.7%
    % Seniors
    		12.2%7.0%
    % WFH
    		9.9%141.5%
    % w/ College Degree
    		22.8%-23.0%
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    As of the latest ACS Survey released in 2023, Poplar Grove, IL is a predominantly white area, with 75.7% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Poplar Grove, IL is hispanic, making up 17.2% of the population. Foreign-born residents account for 6.5% of the population in Poplar Grove, IL, and this percentage has increased by 51.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		75.7%-8.5%
    % Black
    		4.8%-9.4%
    % Hispanic
    		17.2%68.6%
    % Asian
    		0.4%-33.3%
    % Foreign Born
    		6.5%51.2%
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    Mortgage and Risk — Poplar Grove, IL

    According to HUD data as of 2023, there were 257 mortgage originations in Poplar Grove, IL, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Poplar Grove, IL. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		257
    % Conventional Loans
    		73.0%
    % Government Loans
    		27.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		16.0%
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    Rentals and Section 8 — Poplar Grove, IL

    Poplar Grove, IL lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		22
    Total Units Section 8
    		22
    % Rentals under Section 8
    		9.3%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,350
    2 BedroomN/AN/A$1,770
    3 Bedroom$140$2,200$2,340
    4 BedroomN/AN/A$2,400

    Affordability — Poplar Grove, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.1
    Median Home Price$279,000
    Median Household Income$104,000

    Poplar Grove, IL — ZIP Code Boundary Map

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    Frequently Asked Questions