Loves Park, IL—61111
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Loves Park, IL
As of Oct '25, the median home price in Loves Park, IL is $193,000, with a year-over-year change of 6.2%. This indicates that home prices in Loves Park, IL are increasing. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $193,000 | 6.3% |
| Single Family | $196,000 | 7.1% |
| Condos | $186,000 | 7.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $99,000 | 7.6% |
2 Bed | $164,000 | 7.9% |
3 Bed | $203,000 | 6.8% |
4 Bed | $290,000 | 5.5% |
| 5 Bed | $337,000 | 4.7% |
% of Housing Stock
Rental Trends — Loves Park, IL
As of July '25, Rentcast reports the average rent in Loves Park, IL is $1,580, with a year-over-year rent change of 33.9%. Per bedroom, the median rent as of July '25 in Loves Park, IL is 1-bedrooms: $1,010, 2-bedrooms: $1,550, 3-bedrooms: $1,400, 4-bedrooms: $3,500. The most common rental property sizes in Loves Park, IL are 2-bedroom and 3-bedroom, accounting for 57.4% and 24.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,580 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,010 |
| 2 Bed Rent | $1,500 | $1,550 |
| 3 Bed Rent | $1,300 | $1,400 |
| 4 Bed Rent | $3,500 | $3,500 |
% of Rental Stock
Property Listings — Loves Park, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Loves Park, IL is 34. This is a increase of 85.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $215,000 | -11.0% |
Listing Count | 66 | 5.0% |
| Listings as % of Homes | 0.5% | 5.0% |
Days on Market | 34 | 85.0% |
Demographics — Loves Park, IL
As of the latest ACS Survey released in 2023, Loves Park, IL has a population of 22,800, which has decreased by -4.2% over the past 5 years. Loves Park, IL is a moderately popular place for families, as children make up 20.3% of the population. The area has a poorly educated workforce, with 24.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,800 | -4.2% |
% Under 18 | 20.3% | -13.6% |
% Seniors | 18.7% | 20.6% |
% WFH | 7.6% | 123.5% |
% w/ College Degree | 24.2% | 7.1% |
As of the latest ACS Survey released in 2023, Loves Park, IL is a predominantly white area, with 70.5% of the population identifying as white. The white population has shrunk by 14.6% in the last 5 years. The second most common race or ethnicity in Loves Park, IL is hispanic, making up 9.4% of the population. Foreign-born residents account for 8.3% of the population in Loves Park, IL, and this percentage has increased by 48.2% 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 | 70.5% | -14.6% |
% Black | 8.6% | 177.4% |
% Hispanic | 9.4% | 9.3% |
% Asian | 3.7% | 60.9% |
% Foreign Born | 8.3% | 48.2% |
Mortgage and Risk — Loves Park, IL
According to HUD data as of 2023, there were 352 mortgage originations in Loves Park, IL, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Loves Park, IL. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 352 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Loves Park, IL
As of 2024, the percent of homes in Loves Park, IL under the Section 8 program is 4.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Loves Park, IL, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 238 |
Total Units Section 8 | 191 |
% Rentals under Section 8 | 4.9% |
% Occupied Section 8 | 96.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,000 | $940 |
| 2 Bedroom | -$270 | $1,500 | $1,230 |
| 3 Bedroom | $330 | $1,300 | $1,630 |
| 4 Bedroom | -$1,830 | $3,500 | $1,670 |
Affordability — Loves Park, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $193,000 |
| Median Household Income | $58,400 |