Prophetstown, IL—61277
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Prophetstown, IL
As of Oct '25, the median home price in Prophetstown, IL is $153,000, with a year-over-year change of 7.0%. This indicates that home prices in Prophetstown, 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 | $153,000 | 7.0% |
| Single Family | $151,000 | 7.9% |
| 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 | $173,000 | 8.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Prophetstown, IL
Prophetstown, 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 — Prophetstown, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Prophetstown, IL is 41. This is a increase of 38.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $177,000 | 4.0% |
Listing Count | 11 | 40.0% |
| Listings as % of Homes | 0.4% | 40.0% |
Days on Market | 41 | 38.0% |
Demographics — Prophetstown, IL
As of the latest ACS Survey released in 2023, Prophetstown, IL has a population of 2,980, which has decreased by -8.1% over the past 5 years. Prophetstown, IL is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 15.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,980 | -8.1% |
% Under 18 | 22.5% | 11.4% |
% Seniors | 23.0% | 3.6% |
% WFH | 3.8% | -35.6% |
% w/ College Degree | 15.9% | -33.2% |
As of the latest ACS Survey released in 2023, Prophetstown, IL is a predominantly white area, with 91.9% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Prophetstown, IL is hispanic, making up 2.3% of the population. Foreign-born residents account for 0.7% of the population in Prophetstown, IL, and this percentage has decreased by 12.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.9% | -4.0% |
% Black | 1.3% | 0.0% |
% Hispanic | 2.3% | 109.1% |
% Asian | 1.3% | ∞% |
% Foreign Born | 0.7% | -12.5% |
Mortgage and Risk — Prophetstown, IL
According to HUD data as of 2023, there were 36 mortgage originations in Prophetstown, IL, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Prophetstown, IL. Investor activity is low, as 0.0% of loans were by investors. 31.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 36 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 31.0% |
Loan Activity
Rentals and Section 8 — Prophetstown, IL
Prophetstown, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 41 |
Total Units Section 8 | 41 |
% Rentals under Section 8 | 15.0% |
% Occupied Section 8 | 66.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $700 |
| 2 Bedroom | N/A | N/A | $880 |
| 3 Bedroom | N/A | N/A | $1,130 |
| 4 Bedroom | N/A | N/A | $1,300 |
Affordability — Prophetstown, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $153,000 |
| Median Household Income | $72,800 |