Monmouth, IL 61462 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Monmouth, IL—61462

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$104,000

5.6% YoY Growth

Household Income

$62,200

42.7% YoY Growth

Days on Market

81

17.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

$800

N/A

1-Bed Rent

N/A

2-Bed Rent

$800

N/A

3-Bed Rent

N/A

Home Price Trends — Monmouth, IL

Monmouth, IL lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$104,000	5.6%
Single Family	$103,000	4.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Monmouth, IL

Monmouth, IL lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$800	$800
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$800	$800
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

7.2%

1 Bedroom

34.0%

2 Bedrooms

31.8%

3 Bedrooms

16.5%

4 Bedrooms

7.7%

5+ Bedrooms

2.7%

Property Listings — Monmouth, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Monmouth, IL is 71. This is a decrease of -22.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$131,000	16.0%
Listing Count	31	-2.0%
Listings as % of Homes	0.6%	-2.0%
Days on Market	81	-17.0%

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Demographics — Monmouth, IL

As of the latest ACS Survey released in 2023, Monmouth, IL has a population of 10,600, which has decreased by -7.6% over the past 5 years. Monmouth, IL is a moderately popular place for families, as children make up 22.6% of the population. The area has a poorly educated workforce, with 21.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	10,600	-7.6%
% Under 18	22.6%	-3.0%
% Seniors	19.5%	15.4%
% WFH	5.8%	41.5%
% w/ College Degree	21.0%	-14.3%

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As of the latest ACS Survey released in 2023, Monmouth, IL is a predominantly white area, with 73.9% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Monmouth, IL is hispanic, making up 16.0% of the population. Foreign-born residents account for 9.3% of the population in Monmouth, IL, and this percentage has increased by 36.8% 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	73.9%	-4.4%
% Black	3.9%	8.3%
% Hispanic	16.0%	18.5%
% Asian	3.5%	-2.8%
% Foreign Born	9.3%	36.8%

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Mortgage and Risk — Monmouth, IL

According to HUD data as of 2023, there were 87 mortgage originations in Monmouth, IL, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Monmouth, IL. Investor activity is low, as 9.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	87
% Conventional Loans	74.0%
% Government Loans	26.0%
% Investor Loans	9.0%
% Second Loans	1.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Monmouth, IL

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

Section 8 Market Size

Total Units under HUD	330
Total Units Section 8	79
% Rentals under Section 8	N/A
% Occupied Section 8	81.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$660
2 Bedroom	$70	$800	$870
3 Bedroom	N/A	N/A	$1,110
4 Bedroom	N/A	N/A	$1,440

Monmouth, IL—61462

Key Metrics at a Glance

Home Price Trends — Monmouth, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Monmouth, IL

% of Rental Stock

Property Listings — Monmouth, IL

Demographics — Monmouth, IL

Race and Ethnicity

Mortgage and Risk — Monmouth, IL

Mortgages

Rentals and Section 8 — Monmouth, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Monmouth, IL

Home Price to Income Ratio

Monmouth, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Gerlaw, IL

Kirkwood, IL

Cameron, IL

Oquawka, IL

Gerlaw, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.5
Median Home Price	$104,000
Median Household Income	$62,200

Monmouth, IL—61462

Key Metrics at a Glance

Home Price Trends — Monmouth, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Monmouth, IL

% of Rental Stock

Property Listings — Monmouth, IL

Demographics — Monmouth, IL

Race and Ethnicity

Mortgage and Risk — Monmouth, IL

Mortgages

Rentals and Section 8 — Monmouth, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Monmouth, IL

Home Price to Income Ratio

Monmouth, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Gerlaw, IL

Kirkwood, IL

Cameron, IL

Oquawka, IL

Gerlaw, IL

Frequently Asked Questions

What is the average home price in Monmouth, IL 61462?

How have home prices in Monmouth, IL 61462 changed over the past year?

What is the home price projection for Monmouth, IL 61462?

What are the demographics of Monmouth, IL 61462?

How long does it take homes to sell in Monmouth, IL 61462?

What is the average rent price in Monmouth, IL 61462?