Annawan, IL 61234 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Annawan, IL—61234

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$178,000

14.4% YoY Growth

Household Income

$84,000

53.8% YoY Growth

Days on Market

90.0% Shorter YoY

Home Price Forecast

-1.1%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Annawan, IL

As of May '26, the median home price in Annawan, IL is $178,000, with a year-over-year change of 14.4%. This indicates that home prices in Annawan, IL are increasing. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$178,000	14.4%
Single Family	$178,000	14.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Annawan, IL

Annawan, IL lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

1.9%

1 Bedroom

25.9%

2 Bedrooms

44.4%

3 Bedrooms

24.1%

4 Bedrooms

3.7%

Property Listings — Annawan, IL

As of May '26, Realtor.com reports that the median days on market for a home in Annawan, IL is 4. This is a decrease of -90.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$145,000	12.0%
Listing Count	2	-57.0%
Listings as % of Homes	0.8%	-57.0%
Days on Market	4	-90.0%

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Demographics — Annawan, IL

As of the latest ACS Survey released in 2023, Annawan, IL has a population of 1,210, which has decreased by -4.3% over the past 5 years. Annawan, IL is a popular place for families, as children make up 25.9% of the population. The area has a moderately educated workforce, with 31.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,210	-4.3%
% Under 18	25.9%	29.5%
% Seniors	16.9%	-23.9%
% WFH	4.9%	172.2%
% w/ College Degree	31.6%	25.9%

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As of the latest ACS Survey released in 2023, Annawan, IL is a predominantly white area, with 92.5% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Annawan, IL is hispanic, making up 2.0% of the population. Foreign-born residents account for 1.9% of the population in Annawan, IL, and this percentage has increased by 90.0% 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	92.5%	-1.5%
% Black	1.0%	-28.6%
% Hispanic	2.0%	-42.9%
% Asian	0.9%	∞%
% Foreign Born	1.9%	90.0%

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Mortgage and Risk — Annawan, IL

According to HUD data as of 2023, there were 34 mortgage originations in Annawan, IL, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Annawan, IL. Investor activity is low, as 0.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	34
% Conventional Loans	91.0%
% Government Loans	9.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	3.0%

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Rentals and Section 8 — Annawan, IL

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

Section 8 Market Size

Total Units under HUD	2
Total Units Section 8	2
% Rentals under Section 8	1.9%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$710
2 Bedroom	N/A	N/A	$880
3 Bedroom	N/A	N/A	$1,140
4 Bedroom	N/A	N/A	$1,350

Annawan, IL—61234

Key Metrics at a Glance

Home Price Trends — Annawan, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Annawan, IL

% of Rental Stock

Property Listings — Annawan, IL

Demographics — Annawan, IL

Race and Ethnicity

Mortgage and Risk — Annawan, IL

Mortgages

Rentals and Section 8 — Annawan, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Annawan, IL

Home Price to Income Ratio

Annawan, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Mineral, IL

Hooppole, IL

Atkinson, IL

Sheffield, IL

Kewanee, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.7
Median Home Price	$178,000
Median Household Income	$84,000

Annawan, IL—61234

Key Metrics at a Glance

Home Price Trends — Annawan, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Annawan, IL

% of Rental Stock

Property Listings — Annawan, IL

Demographics — Annawan, IL

Race and Ethnicity

Mortgage and Risk — Annawan, IL

Mortgages

Rentals and Section 8 — Annawan, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Annawan, IL

Home Price to Income Ratio

Annawan, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Mineral, IL

Hooppole, IL

Atkinson, IL

Sheffield, IL

Kewanee, IL

Frequently Asked Questions

What is the average home price in Annawan, IL 61234?

How have home prices in Annawan, IL 61234 changed over the past year?

What is the home price projection for Annawan, IL 61234?

What are the demographics of Annawan, IL 61234?

How long does it take homes to sell in Annawan, IL 61234?

What is the average rent price in Annawan, IL 61234?