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Gerlaw, IL—61412

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$137,000
3.9% YoY Growth
Household Income
$79,100
38.1% YoY Growth
Days on Market
32
66.0% Shorter YoY
Home Price Forecast
1.5%
Median 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

Other Zip Codes in Gerlaw, IL

61435
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Gerlaw, IL

As of Dec '25, the median home price in Gerlaw, IL is $137,000, with a year-over-year change of 3.9%. This indicates that home prices in Gerlaw, IL are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$137,0003.9%
Single Family $137,0004.6%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    3.2%
    2 Bedrooms
    30.4%
    3 Bedrooms
    42.8%
    4 Bedrooms
    20.0%
    5+ Bedrooms
    3.7%

    Rental Trends — Gerlaw, IL

    Gerlaw, IL lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    21.8%
    2 Bedrooms
    23.6%
    3 Bedrooms
    49.1%
    4 Bedrooms
    5.5%

    Property Listings — Gerlaw, IL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Gerlaw, IL is 29. This is a decrease of -67.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$135,00034.0%
    Listing Count
    		5-45.0%
    Listings as % of Homes0.9%-45.0%
    Days on Market
    		32-66.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$700
    2 BedroomN/AN/A$880
    3 BedroomN/AN/A$1,130
    4 BedroomN/AN/A$1,410

    Affordability — Gerlaw, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio1.6
    Median Home Price$137,000
    Median Household Income$79,100

    Gerlaw, IL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Gerlaw, IL

    61435

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    Frequently Asked Questions