Aledo, IL 61231 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Aledo, IL—61231

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$160,000

4.8% YoY Growth

Household Income

$66,400

23.3% YoY Growth

Days on Market

9.0% Shorter YoY

Home Price Forecast

1.2%

Median Rent

$760

7.6% YoY Growth

1-Bed Rent

$685

0.0% YoY Growth

2-Bed Rent

$760

6.8% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Aledo, IL

As of Dec '25, the median home price in Aledo, IL is $160,000, with a year-over-year change of 4.8%. This indicates that home prices in Aledo, IL are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$160,000	4.8%
Single Family	$160,000	5.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Aledo, IL

As of July '25, Rentcast reports the average rent in Aledo, IL is $846, with a year-over-year rent change of 7.6%. Per bedroom, the median rent as of July '25 in Aledo, IL is studios: $700, 1-bedrooms: $685, 2-bedrooms: $750, 4-bedrooms: $1,080. The most common rental property sizes in Aledo, IL are 2-bedroom and 3-bedroom, accounting for 43.1% and 17.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$760	$846
Studio Rent	$700	$700
1 Bed Rent	$685	$685
2 Bed Rent	$760	$750
3 Bed Rent	N/A	N/A
4 Bed Rent	$1,000	$1,080

Loading chart...

% of Rental Stock

Studio

12.1%

1 Bedroom

13.4%

2 Bedrooms

43.1%

3 Bedrooms

17.9%

4 Bedrooms

13.5%

Property Listings — Aledo, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Aledo, IL is 52. This is a decrease of -25.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$127,000	-13.0%
Listing Count	22	-2.0%
Listings as % of Homes	0.5%	-2.0%
Days on Market	82	-9.0%

Loading chart...

Demographics — Aledo, IL

As of the latest ACS Survey released in 2023, Aledo, IL has a population of 4,960, which has decreased by -4.9% over the past 5 years. Aledo, IL is a moderately popular place for families, as children make up 21.4% of the population. The area has a poorly educated workforce, with 22.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	4,960	-4.9%
% Under 18	21.4%	1.9%
% Seniors	23.0%	-8.0%
% WFH	6.7%	21.8%
% w/ College Degree	22.1%	-1.8%

Loading chart...

As of the latest ACS Survey released in 2023, Aledo, IL is a predominantly white area, with 93.3% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Aledo, IL is hispanic, making up 3.8% of the population. Foreign-born residents account for 1.1% of the population in Aledo, IL, and this percentage has decreased by 26.7% 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	93.3%	-3.1%
% Black	1.5%	87.5%
% Hispanic	3.8%	153.3%
% Asian	0.5%	-37.5%
% Foreign Born	1.1%	-26.7%

Loading chart...

Mortgage and Risk — Aledo, IL

According to HUD data as of 2023, there were 53 mortgage originations in Aledo, IL, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Aledo, IL. Investor activity is high, as 21.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	53
% Conventional Loans	74.0%
% Government Loans	26.0%
% Investor Loans	21.0%
% Second Loans	2.0%
% Cash Out Refinance	8.0%

Loading chart...

Rentals and Section 8 — Aledo, IL

Aledo, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	86
Total Units Section 8	26
% Rentals under Section 8	4.4%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$85	$685	$770
2 Bedroom	$190	$760	$950
3 Bedroom	N/A	N/A	$1,240
4 Bedroom	$460	$1,000	$1,460

Aledo, IL—61231

Key Metrics at a Glance

Home Price Trends — Aledo, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Aledo, IL

% of Rental Stock

Property Listings — Aledo, IL

Demographics — Aledo, IL

Race and Ethnicity

Mortgage and Risk — Aledo, IL

Mortgages

Rentals and Section 8 — Aledo, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Aledo, IL

Home Price to Income Ratio

Aledo, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Reynolds, IL

Matherville

Viola, IL

Seaton, IL

Joy, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.5
Median Home Price	$160,000
Median Household Income	$66,400

Aledo, IL—61231

Key Metrics at a Glance

Home Price Trends — Aledo, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Aledo, IL

% of Rental Stock

Property Listings — Aledo, IL

Demographics — Aledo, IL

Race and Ethnicity

Mortgage and Risk — Aledo, IL

Mortgages

Rentals and Section 8 — Aledo, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Aledo, IL

Home Price to Income Ratio

Aledo, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Reynolds, IL

Matherville

Viola, IL

Seaton, IL

Joy, IL

Frequently Asked Questions

What is the average home price in Aledo, IL 61231?

How have home prices in Aledo, IL 61231 changed over the past year?

What is the home price projection for Aledo, IL 61231?

What are the demographics of Aledo, IL 61231?

How long does it take homes to sell in Aledo, IL 61231?

What is the average rent price in Aledo, IL 61231?