Gerlaw, IL—61412
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Gerlaw, IL
Home Price Trends — Gerlaw, IL
As of Oct '25, the median home price in Gerlaw, IL is $135,000, with a year-over-year change of 3.3%. This indicates that home prices in Gerlaw, IL are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $135,000 | 3.3% |
| Single Family | $135,000 | 3.8% |
| 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 — Gerlaw, IL
Gerlaw, 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 — Gerlaw, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Gerlaw, IL is 23. This is a decrease of -52.0% from last year, suggesting that homes are sitting on the market shorter 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 | $235,000 | 33.0% |
Listing Count | 3 | -72.0% |
| Listings as % of Homes | 0.9% | -72.0% |
Days on Market | 23 | -52.0% |
Demographics — Gerlaw, IL
As of the latest ACS Survey released in 2023, Gerlaw, IL has a population of 1,310, which has decreased by -10.7% over the past 5 years. Gerlaw, IL is a popular place for families, as children make up 25.2% of the population. The area has a moderately educated workforce, with 25.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,310 | -10.7% |
% Under 18 | 25.2% | 7.2% |
% Seniors | 23.4% | 47.2% |
% WFH | 5.9% | 15.7% |
% w/ College Degree | 25.6% | 42.2% |
As of the latest ACS Survey released in 2023, Gerlaw, IL is a predominantly white area, with 98.1% of the population identifying as white. The white population has grown by 7.3% in the last 5 years. The second most common race or ethnicity in Gerlaw, IL is hispanic, making up 0.7% of the population. Foreign-born residents account for 0.6% of the population in Gerlaw, IL, and this percentage has decreased by 70.0% 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 | 98.1% | 7.3% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.7% | -22.2% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.6% | -70.0% |
Mortgage and Risk — Gerlaw, IL
According to HUD data as of 2023, there were 33 mortgage originations in Gerlaw, IL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Gerlaw, 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 | 33 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Gerlaw, IL
Gerlaw, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 3.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $700 |
| 2 Bedroom | N/A | N/A | $880 |
| 3 Bedroom | N/A | N/A | $1,130 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — Gerlaw, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.6 |
| Median Home Price | $135,000 |
| Median Household Income | $79,100 |