Bushnell, IL 61422 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Bushnell, IL—61422

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$68,000

4.6% YoY Growth

Household Income

$62,800

39.5% YoY Growth

Days on Market

114

79.0% Longer YoY

Home Price Forecast

-0.5%

Median Rent

$1,500

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Bushnell, IL

As of Dec '25, the median home price in Bushnell, IL is $68,000, with a year-over-year change of -4.6%. This indicates that home prices in Bushnell, IL are decreasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$68,000	-4.6%
Single Family	$68,000	-5.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Bushnell, IL

Bushnell, IL lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$1,500	$1,500
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	$1,500	$1,500

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% of Rental Stock

1 Bedroom

31.0%

2 Bedrooms

21.9%

3 Bedrooms

43.0%

4 Bedrooms

4.1%

Property Listings — Bushnell, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Bushnell, IL is 121. This is a increase of 63.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$55,000	-61.0%
Listing Count	11	18.0%
Listings as % of Homes	0.6%	18.0%
Days on Market	114	79.0%

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Demographics — Bushnell, IL

As of the latest ACS Survey released in 2023, Bushnell, IL has a population of 3,040, which has decreased by -3.8% over the past 5 years. Bushnell, 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 14.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,040	-3.8%
% Under 18	21.7%	3.3%
% Seniors	19.4%	9.6%
% WFH	3.9%	550.0%
% w/ College Degree	14.9%	-17.7%

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As of the latest ACS Survey released in 2023, Bushnell, IL is a predominantly white area, with 95.7% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Bushnell, IL is asian, making up 0.8% of the population. Foreign-born residents account for 1.7% of the population in Bushnell, IL, and this percentage has increased by 88.9% 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	95.7%	-2.2%
% Black	0.0%	-100.0%
% Hispanic	0.8%	∞%
% Asian	0.8%	-11.1%
% Foreign Born	1.7%	88.9%

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Mortgage and Risk — Bushnell, IL

According to HUD data as of 2023, there were 27 mortgage originations in Bushnell, IL, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 85.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Bushnell, IL. Investor activity is low, as 15.0% 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	27
% Conventional Loans	70.0%
% Government Loans	30.0%
% Investor Loans	15.0%
% Second Loans	0.0%
% Cash Out Refinance	4.0%

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Rentals and Section 8 — Bushnell, IL

Bushnell, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	104
Total Units Section 8	29
% 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	N/A	N/A	$670
2 Bedroom	N/A	N/A	$870
3 Bedroom	N/A	N/A	$1,110
4 Bedroom	-$190	$1,500	$1,310

Bushnell, IL—61422

Key Metrics at a Glance

Home Price Trends — Bushnell, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Bushnell, IL

% of Rental Stock

Property Listings — Bushnell, IL

Demographics — Bushnell, IL

Race and Ethnicity

Mortgage and Risk — Bushnell, IL

Mortgages

Rentals and Section 8 — Bushnell, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Bushnell, IL

Home Price to Income Ratio

Bushnell, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Prairie City, IL

Bardolph

Good Hope, IL

Marietta, IL

Avon, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.2
Median Home Price	$68,000
Median Household Income	$62,800

Bushnell, IL—61422

Key Metrics at a Glance

Home Price Trends — Bushnell, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Bushnell, IL

% of Rental Stock

Property Listings — Bushnell, IL

Demographics — Bushnell, IL

Race and Ethnicity

Mortgage and Risk — Bushnell, IL

Mortgages

Rentals and Section 8 — Bushnell, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Bushnell, IL

Home Price to Income Ratio

Bushnell, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Prairie City, IL

Bardolph

Good Hope, IL

Marietta, IL

Avon, IL

Frequently Asked Questions

What is the average home price in Bushnell, IL 61422?

How have home prices in Bushnell, IL 61422 changed over the past year?

What is the home price projection for Bushnell, IL 61422?

What are the demographics of Bushnell, IL 61422?

How long does it take homes to sell in Bushnell, IL 61422?

What is the average rent price in Bushnell, IL 61422?