Orion, IL—61273
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Orion, IL
As of Oct '25, the median home price in Orion, IL is $213,000, with a year-over-year change of 10.4%. This indicates that home prices in Orion, 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 | $213,000 | 10.4% |
| Single Family | $214,000 | 10.9% |
| 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 | $206,000 | 11.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Orion, IL
As of July '25, Rentcast reports the average rent in Orion, IL is $750, with a year-over-year rent change of -46.4%. Per bedroom, the median rent as of July '25 in Orion, IL is 2-bedrooms: $750. The most common rental property sizes in Orion, IL are 3-bedroom and 1-bedroom, accounting for 47.2% and 22.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $750 | $750 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Orion, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Orion, IL is 34. This is a increase of 29.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $267,000 | 15.0% |
Listing Count | 3 | 100.0% |
| Listings as % of Homes | 0.7% | 100.0% |
Days on Market | 34 | 29.0% |
Demographics — Orion, IL
As of the latest ACS Survey released in 2023, Orion, IL has a population of 3,030, which has decreased by -6.6% over the past 5 years. Orion, IL is a popular place for families, as children make up 25.4% of the population. The area has a moderately educated workforce, with 30.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,030 | -6.6% |
% Under 18 | 25.4% | 16.5% |
% Seniors | 15.2% | -26.2% |
% WFH | 10.5% | 50.0% |
% w/ College Degree | 30.0% | 14.9% |
As of the latest ACS Survey released in 2023, Orion, IL is a predominantly white area, with 93.3% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Orion, IL is hispanic, making up 2.4% of the population. Foreign-born residents account for 0.5% of the population in Orion, IL, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.3% | -2.8% |
% Black | 1.0% | 100.0% |
% Hispanic | 2.4% | 50.0% |
% Asian | 0.6% | 200.0% |
% Foreign Born | 0.5% | 0.0% |
Mortgage and Risk — Orion, IL
According to HUD data as of 2023, there were 77 mortgage originations in Orion, IL, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Orion, IL. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 77 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Orion, IL
Orion, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | $190 | $750 | $940 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Orion, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $213,000 |
| Median Household Income | $103,000 |