Illinois City, IL—61259
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Illinois City, IL
As of Oct '25, the median home price in Illinois City, IL is $274,000, with a year-over-year change of 1.9%. This indicates that home prices in Illinois City, IL are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $274,000 | 1.9% |
| Single Family | $274,000 | 4.2% |
| 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 — Illinois City, IL
Illinois City, 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 — Illinois City, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Illinois City, IL is 69. This is a decrease of -36.0% 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 | $325,000 | 17.0% |
Listing Count | 2 | -60.0% |
| Listings as % of Homes | 0.5% | -60.0% |
Days on Market | 69 | -36.0% |
Demographics — Illinois City, IL
As of the latest ACS Survey released in 2023, Illinois City, IL has a population of 1,110, which has decreased by -13.7% over the past 5 years. Illinois City, IL is a less popular place for families, as children make up 11.7% of the population. The area has a poorly educated workforce, with 17.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,110 | -13.7% |
% Under 18 | 11.7% | -58.7% |
% Seniors | 22.5% | 23.0% |
% WFH | 1.9% | -38.7% |
% w/ College Degree | 17.5% | -39.4% |
As of the latest ACS Survey released in 2023, Illinois City, IL is a predominantly white area, with 100.0% of the population identifying as white. The white population has grown by 14.8% in the last 5 years. The second most common race or ethnicity in Illinois City, IL is black, making up 0.0% of the population. Foreign-born residents account for 3.8% of the population in Illinois City, IL, and this percentage has increased by 171.4% 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 | 100.0% | 14.8% |
% Black | 0.0% | N/A |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 3.8% | 171.4% |
Mortgage and Risk — Illinois City, IL
According to HUD data as of 2023, there were 70 mortgage originations in Illinois City, IL, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Illinois City, 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 | 70 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Illinois City, IL
Illinois City, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,020 |
| 2 Bedroom | N/A | N/A | $1,260 |
| 3 Bedroom | N/A | N/A | $1,640 |
| 4 Bedroom | N/A | N/A | $1,940 |
Affordability — Illinois City, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $274,000 |
| Median Household Income | $88,600 |