Granville, IL—61326
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Granville, IL
Granville, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $169,000 | 8.6% |
| Single Family | $169,000 | 7.6% |
| 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 — Granville, IL
Granville, 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 — Granville, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Granville, IL is 24. This is a increase of 34.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $160,000 | -11.0% |
Listing Count | 4 | -68.0% |
| Listings as % of Homes | 0.5% | -68.0% |
Days on Market | 24 | 34.0% |
Demographics — Granville, IL
As of the latest ACS Survey released in 2023, Granville, IL has a population of 2,100, which has decreased by -8.5% over the past 5 years. Granville, IL is a moderately popular place for families, as children make up 20.8% of the population. The area has a poorly educated workforce, with 22.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,100 | -8.5% |
% Under 18 | 20.8% | 22.4% |
% Seniors | 22.6% | 29.1% |
% WFH | 3.5% | 29.6% |
% w/ College Degree | 22.5% | 86.0% |
As of the latest ACS Survey released in 2023, Granville, IL is a predominantly white area, with 86.5% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Granville, IL is hispanic, making up 8.8% of the population. Foreign-born residents account for 1.9% of the population in Granville, IL, and this percentage has increased by 46.2% 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 | 86.5% | -6.3% |
% Black | 0.4% | ∞% |
% Hispanic | 8.8% | 44.3% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.9% | 46.2% |
Mortgage and Risk — Granville, IL
According to HUD data as of 2023, there were 31 mortgage originations in Granville, IL, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Granville, IL. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 31 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Granville, IL
Granville, 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 | $760 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,140 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Granville, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $169,000 |
| Median Household Income | $71,100 |