Cuba, IL—61427
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cuba, IL
As of Oct '25, the median home price in Cuba, IL is $116,000, with a year-over-year change of 0.4%. This indicates that home prices in Cuba, IL are flat. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $116,000 | 0.4% |
| Single Family | $115,000 | 0.9% |
| 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 | $148,000 | 5.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cuba, IL
Cuba, 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 — Cuba, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Cuba, IL is 58. This is a decrease of -30.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $162,000 | 13.0% |
Listing Count | 10 | 18.0% |
| Listings as % of Homes | 1.0% | 18.0% |
Days on Market | 58 | -30.0% |
Demographics — Cuba, IL
As of the latest ACS Survey released in 2023, Cuba, IL has a population of 2,050, which has decreased by -6.4% over the past 5 years. Cuba, IL is a moderately popular place for families, as children make up 20.4% of the population. The area has a poorly educated workforce, with 21.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,050 | -6.4% |
% Under 18 | 20.4% | -4.2% |
% Seniors | 22.6% | -8.1% |
% WFH | 13.0% | 233.3% |
% w/ College Degree | 21.3% | -9.7% |
As of the latest ACS Survey released in 2023, Cuba, IL is a predominantly white area, with 94.8% of the population identifying as white. The white population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Cuba, IL is hispanic, making up 1.8% of the population. Foreign-born residents account for 0.5% of the population in Cuba, IL, and this percentage has decreased by 28.6% 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 | 94.8% | -0.3% |
% Black | 1.4% | -53.3% |
% Hispanic | 1.8% | 157.1% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.5% | -28.6% |
Mortgage and Risk — Cuba, IL
According to HUD data as of 2023, there were 52 mortgage originations in Cuba, IL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Cuba, IL. Investor activity is low, as 12.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 52 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 12.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Cuba, IL
Cuba, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 5.7% |
% 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 | $1,210 |
| 4 Bedroom | N/A | N/A | $1,280 |
Affordability — Cuba, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $116,000 |
| Median Household Income | $62,600 |