Bushnell, IL—61422
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bushnell, IL
As of Oct '25, the median home price in Bushnell, IL is $69,000, with a year-over-year change of -3.1%. This indicates that home prices in Bushnell, IL are decreasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $69,000 | -3.1% |
| Single Family | $69,000 | -4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $55,000 | -3.5% |
3 Bed | $79,000 | -7.1% |
4 Bed | $85,000 | -2.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Bushnell, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Bushnell, IL is 95. This is a increase of 48.0% 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 | $58,700 | -53.0% |
Listing Count | 15 | 57.0% |
| Listings as % of Homes | 0.6% | 57.0% |
Days on Market | 95 | 48.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Bushnell, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.2 |
| Median Home Price | $69,000 |
| Median Household Income | $62,800 |