Geneseo, IL—61254
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Geneseo, IL
As of Oct '25, the median home price in Geneseo, IL is $231,000, with a year-over-year change of 6.3%. This indicates that home prices in Geneseo, IL are increasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $231,000 | 6.3% |
| Single Family | $231,000 | 6.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $158,000 | 5.3% |
3 Bed | $221,000 | 7.3% |
4 Bed | $275,000 | 5.4% |
| 5 Bed | $299,000 | 5.3% |
% of Housing Stock
Rental Trends — Geneseo, IL
As of July '25, Rentcast reports the average rent in Geneseo, IL is $1,100, with a year-over-year rent change of -9.8%. Per bedroom, the median rent as of July '25 in Geneseo, IL is 1-bedrooms: $580, 2-bedrooms: $300, 4-bedrooms: $2,100. The most common rental property sizes in Geneseo, IL are 3-bedroom and 2-bedroom, accounting for 30.8% and 27.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $580 | $1,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $580 | $580 |
| 2 Bed Rent | $300 | $300 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,100 | $2,100 |
% of Rental Stock
Property Listings — Geneseo, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Geneseo, IL is 39. This is a decrease of -8.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $284,000 | 41.0% |
Listing Count | 40 | 23.0% |
| Listings as % of Homes | 0.4% | 23.0% |
Days on Market | 39 | -8.0% |
Demographics — Geneseo, IL
As of the latest ACS Survey released in 2023, Geneseo, IL has a population of 12,000, which has increased by 9.5% over the past 5 years. Geneseo, IL is a moderately popular place for families, as children make up 23.1% of the population. The area has a moderately educated workforce, with 36.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,000 | 9.5% |
% Under 18 | 23.1% | 0.4% |
% Seniors | 24.3% | 1.7% |
% WFH | 8.0% | 25.0% |
% w/ College Degree | 36.6% | 9.3% |
As of the latest ACS Survey released in 2023, Geneseo, IL is a predominantly white area, with 90.5% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Geneseo, IL is hispanic, making up 6.1% of the population. Foreign-born residents account for 1.0% of the population in Geneseo, IL, and this percentage has increased by 100.0% 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 | 90.5% | -4.5% |
% Black | 0.1% | -87.5% |
% Hispanic | 6.1% | 205.0% |
% Asian | 0.4% | -33.3% |
% Foreign Born | 1.0% | 100.0% |
Mortgage and Risk — Geneseo, IL
According to HUD data as of 2023, there were 191 mortgage originations in Geneseo, IL, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Geneseo, IL. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 191 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Geneseo, IL
Geneseo, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 82 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | 2.4% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $580 | $840 |
| 2 Bedroom | $740 | $300 | $1,040 |
| 3 Bedroom | N/A | N/A | $1,360 |
| 4 Bedroom | -$500 | $2,100 | $1,600 |
Affordability — Geneseo, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $231,000 |
| Median Household Income | $81,100 |