Macomb, IL—61455
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Macomb, IL
As of Oct '25, the median home price in Macomb, IL is $106,000, with a year-over-year change of -2.9%. This indicates that home prices in Macomb, IL are decreasing. 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 | $106,000 | -2.9% |
| Single Family | $106,000 | -1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $45,000 | 0.0% |
2 Bed | $68,000 | -2.9% |
3 Bed | $114,000 | 3.6% |
4 Bed | $152,000 | 5.6% |
| 5 Bed | $154,000 | 5.5% |
% of Housing Stock
Rental Trends — Macomb, IL
As of July '25, Rentcast reports the average rent in Macomb, IL is $791, with a year-over-year rent change of -2.9%. Per bedroom, the median rent as of July '25 in Macomb, IL is studios: $475, 1-bedrooms: $600, 2-bedrooms: $740, 3-bedrooms: $1,090, 4-bedrooms: $1,440. The most common rental property sizes in Macomb, IL are 2-bedroom and 1-bedroom, accounting for 36.8% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $640 | $791 |
| Studio Rent | $475 | $475 |
| 1 Bed Rent | $625 | $600 |
| 2 Bed Rent | $640 | $740 |
| 3 Bed Rent | $1,050 | $1,090 |
| 4 Bed Rent | $1,140 | $1,440 |
% of Rental Stock
Property Listings — Macomb, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Macomb, IL is 78. This is a increase of 63.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $108,000 | -7.0% |
Listing Count | 88 | 12.0% |
| Listings as % of Homes | 1.0% | 12.0% |
Days on Market | 78 | 63.0% |
Demographics — Macomb, IL
As of the latest ACS Survey released in 2023, Macomb, IL has a population of 17,500, which has decreased by -15.4% over the past 5 years. Macomb, IL is a less popular place for families, as children make up 14.9% of the population. The area has a moderately educated workforce, with 38.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,500 | -15.4% |
% Under 18 | 14.9% | 2.1% |
% Seniors | 18.8% | 22.1% |
% WFH | 7.5% | 102.7% |
% w/ College Degree | 38.7% | -6.3% |
As of the latest ACS Survey released in 2023, Macomb, IL is a predominantly white area, with 80.6% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Macomb, IL is black, making up 8.7% of the population. Foreign-born residents account for 4.2% of the population in Macomb, IL, and this percentage has decreased by 22.2% 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 | 80.6% | -3.5% |
% Black | 8.7% | 27.9% |
% Hispanic | 4.7% | 30.6% |
% Asian | 2.7% | -12.9% |
% Foreign Born | 4.2% | -22.2% |
Mortgage and Risk — Macomb, IL
According to HUD data as of 2023, there were 210 mortgage originations in Macomb, IL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Macomb, IL. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 210 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Macomb, IL
Macomb, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 689 |
Total Units Section 8 | 453 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 85.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $115 | $625 | $740 |
| 2 Bedroom | $320 | $640 | $960 |
| 3 Bedroom | $170 | $1,050 | $1,220 |
| 4 Bedroom | $310 | $1,140 | $1,450 |
Affordability — Macomb, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $106,000 |
| Median Household Income | $45,000 |