Oglesby, IL—61348
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oglesby, IL
Oglesby, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $161,000 | 6.3% |
| Single Family | $161,000 | 6.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $132,000 | 9.1% |
3 Bed | $177,000 | 9.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Oglesby, IL
As of July '25, Rentcast reports the average rent in Oglesby, IL is $550, with a year-over-year rent change of -45.0%. Per bedroom, the median rent as of July '25 in Oglesby, IL is 1-bedrooms: $550. The most common rental property sizes in Oglesby, IL are 2-bedroom and 1-bedroom, accounting for 38.4% and 28.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $550 | $550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $550 | $550 |
| 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 — Oglesby, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Oglesby, IL is 121. This is a increase of 129.0% 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 | $249,000 | 57.0% |
Listing Count | 10 | 4.0% |
| Listings as % of Homes | 0.5% | 4.0% |
Days on Market | 121 | 129.0% |
Demographics — Oglesby, IL
As of the latest ACS Survey released in 2023, Oglesby, IL has a population of 4,400, which has decreased by -1.9% over the past 5 years. Oglesby, IL is a moderately popular place for families, as children make up 21.7% of the population. The area has a poorly educated workforce, with 20.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,400 | -1.9% |
% Under 18 | 21.7% | 2.4% |
% Seniors | 20.9% | 3.5% |
% WFH | 4.2% | 31.2% |
% w/ College Degree | 20.4% | 7.4% |
As of the latest ACS Survey released in 2023, Oglesby, IL is a predominantly white area, with 85.3% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Oglesby, IL is hispanic, making up 10.1% of the population. Foreign-born residents account for 3.4% of the population in Oglesby, IL, and this percentage has increased by 54.5% 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 | 85.3% | -2.7% |
% Black | 0.1% | -96.4% |
% Hispanic | 10.1% | 31.2% |
% Asian | 0.6% | 500.0% |
% Foreign Born | 3.4% | 54.5% |
Mortgage and Risk — Oglesby, IL
According to HUD data as of 2023, there were 67 mortgage originations in Oglesby, IL, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Oglesby, IL. Investor activity is low, as 4.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 67 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Oglesby, IL
Oglesby, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 47 |
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 | $110 | $550 | $660 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,170 |
| 4 Bedroom | N/A | N/A | $1,320 |
Affordability — Oglesby, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $161,000 |
| Median Household Income | $71,200 |