Tonica, IL—61370
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tonica, IL
Tonica, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $216,000 | 11.9% |
| Single Family | $217,000 | 14.2% |
| 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 — Tonica, IL
Tonica, 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 — Tonica, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Tonica, IL is 22. This is a increase of 51.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $344,000 | 19.0% |
Listing Count | 5 | 133.0% |
| Listings as % of Homes | 0.2% | 133.0% |
Days on Market | 22 | 51.0% |
Demographics — Tonica, IL
As of the latest ACS Survey released in 2023, Tonica, IL has a population of 1,250, which has decreased by -10.3% over the past 5 years. Tonica, IL is a moderately popular place for families, as children make up 23.0% of the population. The area has a poorly educated workforce, with 16.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,250 | -10.3% |
% Under 18 | 23.0% | -6.5% |
% Seniors | 19.5% | 21.9% |
% WFH | 8.3% | 112.8% |
% w/ College Degree | 16.9% | 1.2% |
As of the latest ACS Survey released in 2023, Tonica, IL is a predominantly white area, with 88.9% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Tonica, IL is hispanic, making up 7.1% of the population. Foreign-born residents account for 2.2% of the population in Tonica, IL, and this percentage has increased by 37.5% 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 | 88.9% | -3.5% |
% Black | 1.4% | ∞% |
% Hispanic | 7.1% | 6.0% |
% Asian | 0.6% | ∞% |
% Foreign Born | 2.2% | 37.5% |
Mortgage and Risk — Tonica, IL
According to HUD data as of 2023, there were 41 mortgage originations in Tonica, IL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Tonica, IL. Investor activity is low, as 7.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 41 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Tonica, IL
Tonica, 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 | $670 |
| 2 Bedroom | N/A | N/A | $880 |
| 3 Bedroom | N/A | N/A | $1,180 |
| 4 Bedroom | N/A | N/A | $1,330 |
Affordability — Tonica, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $216,000 |
| Median Household Income | $82,900 |