Silvis, IL—61282
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Silvis, IL
As of Oct '25, the median home price in Silvis, IL is $153,000, with a year-over-year change of 2.8%. This indicates that home prices in Silvis, 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 | $153,000 | 2.8% |
| Single Family | $153,000 | 3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $132,000 | 1.5% |
3 Bed | $176,000 | 2.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Silvis, IL
As of July '25, Rentcast reports the average rent in Silvis, IL is $966, with a year-over-year rent change of 7.1%. Per bedroom, the median rent as of July '25 in Silvis, IL is 1-bedrooms: $750, 2-bedrooms: $999, 3-bedrooms: $1,200. The most common rental property sizes in Silvis, IL are 1-bedroom and 2-bedroom, accounting for 42.4% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $966 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $750 |
| 2 Bed Rent | $950 | $999 |
| 3 Bed Rent | $1,200 | $1,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Silvis, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Silvis, IL is 62. This is a increase of 14.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $281,000 | 45.0% |
Listing Count | 25 | 29.0% |
| Listings as % of Homes | 0.6% | 29.0% |
Days on Market | 62 | 14.0% |
Demographics — Silvis, IL
As of the latest ACS Survey released in 2023, Silvis, IL has a population of 8,340, which has increased by 6.7% over the past 5 years. Silvis, IL is a moderately popular place for families, as children make up 18.4% of the population. The area has a poorly educated workforce, with 16.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,340 | 6.7% |
% Under 18 | 18.4% | -29.8% |
% Seniors | 26.5% | 66.7% |
% WFH | 3.0% | -16.7% |
% w/ College Degree | 16.4% | 3.1% |
As of the latest ACS Survey released in 2023, Silvis, IL is a predominantly white area, with 74.8% of the population identifying as white. The white population has grown by 8.6% in the last 5 years. The second most common race or ethnicity in Silvis, IL is hispanic, making up 12.7% of the population. Foreign-born residents account for 4.2% of the population in Silvis, 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 | 74.8% | 8.6% |
% Black | 5.9% | -22.4% |
% Hispanic | 12.7% | -29.4% |
% Asian | 2.4% | 500.0% |
% Foreign Born | 4.2% | 0.0% |
Mortgage and Risk — Silvis, IL
According to HUD data as of 2023, there were 172 mortgage originations in Silvis, IL, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Silvis, IL. Investor activity is low, as 10.0% 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 | 172 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 10.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Silvis, IL
Silvis, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 352 |
Total Units Section 8 | 352 |
% Rentals under Section 8 | 13.3% |
% Occupied Section 8 | 82.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $700 | $860 |
| 2 Bedroom | $110 | $950 | $1,060 |
| 3 Bedroom | $180 | $1,200 | $1,380 |
| 4 Bedroom | N/A | N/A | $1,630 |
Affordability — Silvis, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $153,000 |
| Median Household Income | $67,800 |