Marseilles, IL—61341
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Marseilles, IL
Marseilles, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $204,000 | 6.8% |
| Single Family | $205,000 | 7.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $143,000 | 7.5% |
3 Bed | $221,000 | 9.4% |
4 Bed | $293,000 | 8.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Marseilles, IL
As of July '25, Rentcast reports the average rent in Marseilles, IL is $1,320, with a year-over-year rent change of -7.0%. Per bedroom, the median rent as of July '25 in Marseilles, IL is 1-bedrooms: $1,200, 2-bedrooms: $1,340, 3-bedrooms: $1,490. The most common rental property sizes in Marseilles, IL are 2-bedroom and 3-bedroom, accounting for 42.8% and 25.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,180 | $1,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $820 | $1,200 |
| 2 Bed Rent | $1,300 | $1,340 |
| 3 Bed Rent | $1,180 | $1,490 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Marseilles, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Marseilles, IL is 42. This is a increase of 21.0% 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 | $194,000 | -12.0% |
Listing Count | 21 | 5.0% |
| Listings as % of Homes | 0.7% | 5.0% |
Days on Market | 42 | 21.0% |
Demographics — Marseilles, IL
As of the latest ACS Survey released in 2023, Marseilles, IL has a population of 7,250, which has decreased by -9.4% over the past 5 years. Marseilles, IL is a moderately popular place for families, as children make up 24.0% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,250 | -9.4% |
% Under 18 | 24.0% | 1.3% |
% Seniors | 18.9% | 18.1% |
% WFH | 7.4% | 85.0% |
% w/ College Degree | 20.6% | 26.4% |
As of the latest ACS Survey released in 2023, Marseilles, IL is a predominantly white area, with 89.3% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Marseilles, IL is hispanic, making up 6.0% of the population. Foreign-born residents account for 3.4% of the population in Marseilles, IL, and this percentage has increased by 100.0% 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 | 89.3% | -5.9% |
% Black | 0.0% | -100.0% |
% Hispanic | 6.0% | 62.2% |
% Asian | 2.1% | 600.0% |
% Foreign Born | 3.4% | 100.0% |
Mortgage and Risk — Marseilles, IL
According to HUD data as of 2023, there were 175 mortgage originations in Marseilles, IL, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Marseilles, IL. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 175 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Marseilles, IL
Marseilles, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 50 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $820 | $910 |
| 2 Bedroom | -$110 | $1,300 | $1,190 |
| 3 Bedroom | $420 | $1,180 | $1,600 |
| 4 Bedroom | N/A | N/A | $1,800 |
Affordability — Marseilles, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $204,000 |
| Median Household Income | $78,900 |