Shannon, IL—61078
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shannon, IL
Shannon, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $166,000 | 14.4% |
| Single Family | $167,000 | 13.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $124,000 | 13.8% |
3 Bed | $161,000 | 13.4% |
4 Bed | $174,000 | 13.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Shannon, IL
Shannon, 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 — Shannon, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Shannon, IL is 45. This is a increase of 22.0% 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 | $339,000 | 92.0% |
Listing Count | 5 | -33.0% |
| Listings as % of Homes | 0.6% | -33.0% |
Days on Market | 45 | 22.0% |
Demographics — Shannon, IL
As of the latest ACS Survey released in 2023, Shannon, IL has a population of 1,410, which has increased by 12.6% over the past 5 years. Shannon, IL is a popular place for families, as children make up 28.6% of the population. The area has a poorly educated workforce, with 18.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,410 | 12.6% |
% Under 18 | 28.6% | 82.2% |
% Seniors | 23.5% | 4.4% |
% WFH | 12.0% | 192.7% |
% w/ College Degree | 18.2% | 7.7% |
As of the latest ACS Survey released in 2023, Shannon, IL is a predominantly white area, with 95.0% of the population identifying as white. The white population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Shannon, IL is hispanic, making up 1.8% of the population. Foreign-born residents account for 0.0% of the population in Shannon, IL, and this percentage has decreased by 100.0% 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 | 95.0% | -0.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.8% | -30.8% |
% Asian | 0.4% | -78.9% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Shannon, IL
Shannon, 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 — Shannon, IL
Shannon, 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 | $840 |
| 2 Bedroom | N/A | N/A | $1,030 |
| 3 Bedroom | N/A | N/A | $1,340 |
| 4 Bedroom | N/A | N/A | $1,620 |
Affordability — Shannon, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $166,000 |
| Median Household Income | $75,200 |