New Boston, IL—61272
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Boston, IL
As of Oct '25, the median home price in New Boston, IL is $120,000, with a year-over-year change of 6.5%. This indicates that home prices in New Boston, 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 | $120,000 | 6.5% |
| Single Family | $120,000 | 8.1% |
| 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 — New Boston, IL
New Boston, 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 — New Boston, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in New Boston, IL is 54. This is a increase of 94.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $139,000 | 11.0% |
Listing Count | 7 | 150.0% |
| Listings as % of Homes | 0.8% | 150.0% |
Days on Market | 54 | 94.0% |
Demographics — New Boston, IL
As of the latest ACS Survey released in 2023, New Boston, IL has a population of 1,460, which has increased by 22.1% over the past 5 years. New Boston, IL is a popular place for families, as children make up 28.6% of the population. The area has a poorly educated workforce, with 10.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,460 | 22.1% |
% Under 18 | 28.6% | 38.2% |
% Seniors | 15.2% | -31.5% |
% WFH | 0.8% | -55.6% |
% w/ College Degree | 10.0% | -5.7% |
As of the latest ACS Survey released in 2023, New Boston, IL is a predominantly white area, with 97.8% of the population identifying as white. The white population has grown by 1.1% in the last 5 years. The second most common race or ethnicity in New Boston, IL is asian, making up 0.3% of the population. Foreign-born residents account for 0.3% of the population in New Boston, IL, and this percentage has increased by 200.0% 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 | 97.8% | 1.1% |
% Black | 0.0% | N/A |
% Hispanic | 0.2% | -92.9% |
% Asian | 0.3% | 200.0% |
% Foreign Born | 0.3% | 200.0% |
Mortgage and Risk — New Boston, IL
According to HUD data as of 2023, there were 48 mortgage originations in New Boston, IL, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in New Boston, IL. Investor activity is low, as 0.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 48 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — New Boston, IL
New Boston, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 6.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $720 |
| 2 Bedroom | N/A | N/A | $890 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — New Boston, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $120,000 |
| Median Household Income | $65,900 |