South Beloit, IL 61080 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

South Beloit, IL—61080

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$239,000

8.3% YoY Growth

Household Income

$78,500

27.9% YoY Growth

Days on Market

36.0% Shorter YoY

Home Price Forecast

3.7%

Median Rent

$1,150

0.7% YoY Growth

1-Bed Rent

$1,150

35.3% YoY Growth

2-Bed Rent

$1,000

10.9% YoY Growth

3-Bed Rent

$1,500

9.6% YoY Growth

Home Price Trends — South Beloit, IL

As of May '26, the median home price in South Beloit, IL is $239,000, with a year-over-year change of 8.3%. This indicates that home prices in South Beloit, IL are increasing. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$239,000	8.3%
Single Family	$238,000	8.7%
Condos	$265,000	5.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

2.0%

1 Bedroom

30.0%

2 Bedrooms

42.4%

3 Bedrooms

22.1%

4 Bedrooms

3.4%

Property Listings — South Beloit, IL

As of May '26, Realtor.com reports that the median days on market for a home in South Beloit, IL is 80. This is a decrease of -36.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$317,000	21.0%
Listing Count	23	7.0%
Listings as % of Homes	0.5%	7.0%
Days on Market	80	-36.0%

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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%

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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%

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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%

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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

South Beloit, IL—61080

Key Metrics at a Glance

Home Price Trends — South Beloit, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — South Beloit, IL

% of Rental Stock

Property Listings — South Beloit, IL

Demographics — South Beloit, IL

Race and Ethnicity

Mortgage and Risk — South Beloit, IL

Mortgages

Rentals and Section 8 — South Beloit, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — South Beloit, IL

Home Price to Income Ratio

South Beloit, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Roscoe, IL

Caledonia, IL

Machesney Park, IL

Beloit, WI

Loves Park, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.3
Median Home Price	$239,000
Median Household Income	$78,500

South Beloit, IL—61080

Key Metrics at a Glance

Home Price Trends — South Beloit, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — South Beloit, IL

% of Rental Stock

Property Listings — South Beloit, IL

Demographics — South Beloit, IL

Race and Ethnicity

Mortgage and Risk — South Beloit, IL

Mortgages

Rentals and Section 8 — South Beloit, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — South Beloit, IL

Home Price to Income Ratio

South Beloit, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Roscoe, IL

Caledonia, IL

Machesney Park, IL

Beloit, WI

Loves Park, IL

Frequently Asked Questions

What is the average home price in South Beloit, IL 61080?

How have home prices in South Beloit, IL 61080 changed over the past year?

What is the home price projection for South Beloit, IL 61080?

What are the demographics of South Beloit, IL 61080?

How long does it take homes to sell in South Beloit, IL 61080?

What is the average rent price in South Beloit, IL 61080?