Aledo, IL—61231
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Aledo, IL
As of Oct '25, the median home price in Aledo, IL is $156,000, with a year-over-year change of 3.6%. This indicates that home prices in Aledo, IL are increasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $156,000 | 3.6% |
| Single Family | $157,000 | 4.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $155,000 | 1.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Aledo, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Aledo, IL is 38. This is a decrease of -16.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $142,000 | -15.0% |
Listing Count | 17 | -37.0% |
| Listings as % of Homes | 0.5% | -37.0% |
Days on Market | 38 | -16.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Aledo, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $156,000 |
| Median Household Income | $66,400 |