South Beloit, IL—61080
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Beloit, IL
As of Oct '25, the median home price in South Beloit, IL is $225,000, with a year-over-year change of 6.0%. This indicates that home prices in South Beloit, IL are increasing. According to Zillow, the 1-year price projection is 4.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $225,000 | 6.0% |
| Single Family | $225,000 | 6.6% |
| Condos | $258,000 | 4.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $135,000 | 5.5% |
3 Bed | $236,000 | 5.8% |
4 Bed | $294,000 | 4.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — South Beloit, IL
As of July '25, Rentcast reports the average rent in South Beloit, IL is $1,440, with a year-over-year rent change of 0.7%. Per bedroom, the median rent as of July '25 in South Beloit, IL is 1-bedrooms: $1,150, 2-bedrooms: $1,060, 3-bedrooms: $1,950. The most common rental property sizes in South Beloit, IL are 2-bedroom and 1-bedroom, accounting for 42.4% and 30.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,440 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,150 | $1,150 |
| 2 Bed Rent | $1,000 | $1,060 |
| 3 Bed Rent | $1,500 | $1,950 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — South Beloit, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in South Beloit, IL is 36. 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $258,000 | -20.0% |
Listing Count | 21 | -32.0% |
| Listings as % of Homes | 0.5% | -32.0% |
Days on Market | 36 | 2.0% |
Demographics — South Beloit, IL
As of the latest ACS Survey released in 2023, South Beloit, IL has a population of 11,100, which has increased by 6.0% over the past 5 years. South Beloit, IL is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 23.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,100 | 6.0% |
% Under 18 | 24.2% | -11.7% |
% Seniors | 15.8% | 26.4% |
% WFH | 5.0% | 4.2% |
% w/ College Degree | 23.3% | 15.3% |
As of the latest ACS Survey released in 2023, South Beloit, IL is a predominantly white area, with 77.6% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in South Beloit, IL is hispanic, making up 12.3% of the population. Foreign-born residents account for 5.3% of the population in South Beloit, IL, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 77.6% | -6.5% |
% Black | 3.0% | 30.4% |
% Hispanic | 12.3% | 17.1% |
% Asian | 1.7% | ∞% |
% Foreign Born | 5.3% | 0.0% |
Mortgage and Risk — South Beloit, IL
According to HUD data as of 2023, there were 143 mortgage originations in South Beloit, IL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in South Beloit, IL. Investor activity is low, as 4.0% 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 | 143 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — South Beloit, IL
South Beloit, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 53 |
Total Units Section 8 | 32 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$300 | $1,150 | $850 |
| 2 Bedroom | $110 | $1,000 | $1,110 |
| 3 Bedroom | -$30 | $1,500 | $1,470 |
| 4 Bedroom | N/A | N/A | $1,510 |
Affordability — South Beloit, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $225,000 |
| Median Household Income | $78,500 |