Annawan, IL—61234
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Annawan, IL
As of Oct '25, the median home price in Annawan, IL is $166,000, with a year-over-year change of 8.5%. This indicates that home prices in Annawan, IL are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $166,000 | 8.5% |
| Single Family | $166,000 | 9.9% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Annawan, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Annawan, IL is 34. This is a decrease of -66.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $190,000 | 43.0% |
Listing Count | 4 | -29.0% |
| Listings as % of Homes | 0.8% | -29.0% |
Days on Market | 34 | -66.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Annawan, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $166,000 |
| Median Household Income | $84,000 |