Paw Paw, IL 61353 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Paw Paw, IL—61353

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$217,000

5.3% YoY Growth

Household Income

$64,700

18.8% YoY Growth

Days on Market

210.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$700

N/A

1-Bed Rent

$700

N/A

2-Bed Rent

$775

N/A

3-Bed Rent

N/A

Home Price Trends — Paw Paw, IL

As of Dec '25, the median home price in Paw Paw, IL is $217,000, with a year-over-year change of 5.3%. This indicates that home prices in Paw Paw, IL are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$217,000	5.3%
Single Family	$218,000	5.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Paw Paw, IL

Paw Paw, IL lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$700	$738
Studio Rent	N/A	N/A
1 Bed Rent	$700	$700
2 Bed Rent	$775	$775
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

19.5%

2 Bedrooms

61.9%

3 Bedrooms

10.6%

4 Bedrooms

8.0%

Property Listings — Paw Paw, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Paw Paw, IL is 157. This is a increase of 212.0% 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	$245,000	0.0%
Listing Count	3	-24.0%
Listings as % of Homes	0.5%	-24.0%
Days on Market	49	210.0%

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Demographics — Paw Paw, IL

As of the latest ACS Survey released in 2023, Paw Paw, IL has a population of 1,220, which has increased by 1.5% over the past 5 years. Paw Paw, IL is a popular place for families, as children make up 30.3% of the population. The area has a poorly educated workforce, with 14.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,220	1.5%
% Under 18	30.3%	51.5%
% Seniors	15.8%	-20.6%
% WFH	8.6%	196.6%
% w/ College Degree	14.6%	-5.8%

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As of the latest ACS Survey released in 2023, Paw Paw, IL is a predominantly white area, with 97.8% of the population identifying as white. The white population has grown by 3.2% in the last 5 years. The second most common race or ethnicity in Paw Paw, IL is hispanic, making up 1.1% of the population. Foreign-born residents account for 0.7% of the population in Paw Paw, IL, and this percentage has decreased by 53.3% 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	97.8%	3.2%
% Black	0.2%	∞%
% Hispanic	1.1%	-74.4%
% Asian	0.0%	-100.0%
% Foreign Born	0.7%	-53.3%

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Mortgage and Risk — Paw Paw, IL

According to HUD data as of 2023, there were 48 mortgage originations in Paw Paw, IL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Paw Paw, IL. Investor activity is low, as 0.0% 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	48
% Conventional Loans	75.0%
% Government Loans	25.0%
% Investor Loans	0.0%
% Second Loans	4.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Paw Paw, IL

Paw Paw, 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	1.8%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$220	$700	$920
2 Bedroom	$425	$775	$1,200
3 Bedroom	N/A	N/A	$1,690
4 Bedroom	N/A	N/A	$2,040

Paw Paw, IL—61353

Key Metrics at a Glance

Home Price Trends — Paw Paw, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Paw Paw, IL

% of Rental Stock

Property Listings — Paw Paw, IL

Demographics — Paw Paw, IL

Race and Ethnicity

Mortgage and Risk — Paw Paw, IL

Mortgages

Rentals and Section 8 — Paw Paw, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Paw Paw, IL

Home Price to Income Ratio

Paw Paw, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Compton, IL

Lee, IL

Earlville, IL

Lee, IL

Shabbona, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$217,000
Median Household Income	$64,700

Paw Paw, IL—61353

Key Metrics at a Glance

Home Price Trends — Paw Paw, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Paw Paw, IL

% of Rental Stock

Property Listings — Paw Paw, IL

Demographics — Paw Paw, IL

Race and Ethnicity

Mortgage and Risk — Paw Paw, IL

Mortgages

Rentals and Section 8 — Paw Paw, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Paw Paw, IL

Home Price to Income Ratio

Paw Paw, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Compton, IL

Lee, IL

Earlville, IL

Lee, IL

Shabbona, IL

Frequently Asked Questions

What is the average home price in Paw Paw, IL 61353?

How have home prices in Paw Paw, IL 61353 changed over the past year?

What is the home price projection for Paw Paw, IL 61353?

What are the demographics of Paw Paw, IL 61353?

How long does it take homes to sell in Paw Paw, IL 61353?

What is the average rent price in Paw Paw, IL 61353?