Galva, IL 61434 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Galva, IL—61434

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$110,000

2.3% YoY Growth

Household Income

$61,100

55.5% YoY Growth

Days on Market

45.0% Shorter YoY

Home Price Forecast

-1.8%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Galva, IL

As of May '26, the median home price in Galva, IL is $110,000, with a year-over-year change of 2.3%. This indicates that home prices in Galva, IL are increasing. According to Zillow, the 1-year price projection is -1.8%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$110,000	2.3%
Single Family	$110,000	1.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Galva, IL

Galva, 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

Loading chart...

% of Rental Stock

Studio

7.6%

1 Bedroom

37.8%

2 Bedrooms

26.3%

3 Bedrooms

24.7%

4 Bedrooms

2.0%

5+ Bedrooms

1.6%

Property Listings — Galva, IL

As of May '26, Realtor.com reports that the median days on market for a home in Galva, IL is 67. This is a decrease of -45.0% 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	$207,000	6.0%
Listing Count	9	109.0%
Listings as % of Homes	0.6%	109.0%
Days on Market	67	-45.0%

Loading chart...

Demographics — Galva, IL

As of the latest ACS Survey released in 2023, Galva, IL has a population of 2,990, which has remained stable by -0.7% over the past 5 years. Galva, IL is a popular place for families, as children make up 25.8% of the population. The area has a moderately educated workforce, with 25.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,990	-0.7%
% Under 18	25.8%	33.0%
% Seniors	19.6%	-0.5%
% WFH	8.0%	300.0%
% w/ College Degree	25.2%	3.3%

Loading chart...

As of the latest ACS Survey released in 2023, Galva, IL is a predominantly white area, with 89.9% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Galva, IL is hispanic, making up 4.6% of the population. Foreign-born residents account for 1.1% of the population in Galva, IL, and this percentage has decreased by 50.0% 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	89.9%	-5.9%
% Black	0.9%	∞%
% Hispanic	4.6%	84.0%
% Asian	0.8%	100.0%
% Foreign Born	1.1%	-50.0%

Loading chart...

Mortgage and Risk — Galva, IL

According to HUD data as of 2023, there were 54 mortgage originations in Galva, IL, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Galva, IL. Investor activity is low, as 9.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	54
% Conventional Loans	89.0%
% Government Loans	11.0%
% Investor Loans	9.0%
% Second Loans	0.0%
% Cash Out Refinance	0.0%

Loading chart...

Rentals and Section 8 — Galva, IL

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

Section 8 Market Size

Total Units under HUD	63
Total Units Section 8	20
% Rentals under Section 8	7.2%
% Occupied Section 8	85.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$710
2 Bedroom	N/A	N/A	$880
3 Bedroom	N/A	N/A	$1,140
4 Bedroom	N/A	N/A	$1,350

Galva, IL—61434

Key Metrics at a Glance

Home Price Trends — Galva, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Galva, IL

% of Rental Stock

Property Listings — Galva, IL

Demographics — Galva, IL

Race and Ethnicity

Mortgage and Risk — Galva, IL

Mortgages

Rentals and Section 8 — Galva, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Galva, IL

Home Price to Income Ratio

Galva, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Bishop Hill

La Fayette, IL

Kewanee, IL

Altona, IL

Victoria, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.6
Median Home Price	$110,000
Median Household Income	$61,100

Galva, IL—61434

Key Metrics at a Glance

Home Price Trends — Galva, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Galva, IL

% of Rental Stock

Property Listings — Galva, IL

Demographics — Galva, IL

Race and Ethnicity

Mortgage and Risk — Galva, IL

Mortgages

Rentals and Section 8 — Galva, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Galva, IL

Home Price to Income Ratio

Galva, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Bishop Hill

La Fayette, IL

Kewanee, IL

Altona, IL

Victoria, IL

Frequently Asked Questions

What is the average home price in Galva, IL 61434?

How have home prices in Galva, IL 61434 changed over the past year?

What is the home price projection for Galva, IL 61434?

What are the demographics of Galva, IL 61434?

How long does it take homes to sell in Galva, IL 61434?

What is the average rent price in Galva, IL 61434?