La Harpe, IL—61450
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — La Harpe, IL
As of Oct '25, the median home price in La Harpe, IL is $96,000, with a year-over-year change of 10.9%. This indicates that home prices in La Harpe, IL are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $96,000 | 10.9% |
| Single Family | $96,000 | 11.6% |
| 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 — La Harpe, IL
La Harpe, 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 — La Harpe, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in La Harpe, IL is 93. This is a increase of 49.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $106,000 | 6.0% |
Listing Count | 9 | 106.0% |
| Listings as % of Homes | 0.4% | 106.0% |
Days on Market | 93 | 49.0% |
Demographics — La Harpe, IL
As of the latest ACS Survey released in 2023, La Harpe, IL has a population of 1,620, which has decreased by -9.5% over the past 5 years. La Harpe, IL is a moderately popular place for families, as children make up 19.9% of the population. The area has a poorly educated workforce, with 24.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,620 | -9.5% |
% Under 18 | 19.9% | -8.7% |
% Seniors | 27.0% | 3.8% |
% WFH | 11.2% | 348.0% |
% w/ College Degree | 24.4% | 52.5% |
As of the latest ACS Survey released in 2023, La Harpe, IL is a predominantly white area, with 95.1% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in La Harpe, IL is hispanic, making up 1.7% of the population. Foreign-born residents account for 0.2% of the population in La Harpe, IL, and this percentage has increased by Inf% 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 | 95.1% | -2.1% |
% Black | 0.0% | N/A |
% Hispanic | 1.7% | 6.2% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.2% | ∞% |
Mortgage and Risk — La Harpe, IL
According to HUD data as of 2023, there were 22 mortgage originations in La Harpe, IL, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in La Harpe, IL. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 22 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — La Harpe, IL
La Harpe, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 22 |
Total Units Section 8 | 22 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 75.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,100 |
| 4 Bedroom | N/A | N/A | $1,150 |
Affordability — La Harpe, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.1 |
| Median Home Price | $96,000 |
| Median Household Income | $66,100 |