Howard, IL—61441
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Howard, IL
Howard, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Howard, IL
Howard, 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 — Howard, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Howard, IL is 82. This is a decrease of -54.0% 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 | $52,000 | -81.0% |
Listing Count | 3 | 25.0% |
| Listings as % of Homes | N/A | 25.0% |
Days on Market | 82 | -54.0% |
Demographics — Howard, IL
As of the latest ACS Survey released in 2023, Howard, IL has a population of 878, which has decreased by -12.3% over the past 5 years. Howard, IL is a popular place for families, as children make up 29.4% of the population. The area has a poorly educated workforce, with 18.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 878 | -12.3% |
% Under 18 | 29.4% | 54.7% |
% Seniors | 18.9% | -12.1% |
% WFH | 7.0% | 29.6% |
% w/ College Degree | 18.9% | 65.8% |
As of the latest ACS Survey released in 2023, Howard, IL is a predominantly white area, with 97.8% of the population identifying as white. The white population has grown by 1.0% in the last 5 years. The second most common race or ethnicity in Howard, IL is asian, making up 0.3% of the population. Foreign-born residents account for 0.3% of the population in Howard, 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
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 97.8% | 1.0% |
% Black | 0.0% | N/A |
% Hispanic | 0.1% | -90.0% |
% Asian | 0.3% | -75.0% |
% Foreign Born | 0.3% | -70.0% |
Mortgage and Risk — Howard, IL
According to HUD data as of 2023, there were 19 mortgage originations in Howard, IL, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Howard, IL. Investor activity is low, as 5.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 19 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 5.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Howard, IL
Howard, 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 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $660 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,200 |
| 4 Bedroom | N/A | N/A | $1,270 |
Affordability — Howard, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $54,400 |