Toulon, IL—61483
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Toulon, IL
As of Oct '25, the median home price in Toulon, IL is $134,000, with a year-over-year change of 5.7%. This indicates that home prices in Toulon, IL are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $134,000 | 5.7% |
| Single Family | $134,000 | 7.2% |
| 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 — Toulon, IL
Toulon, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $450 | $450 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $450 | $450 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Toulon, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Toulon, IL is 62. This is a increase of 39.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $165,000 | 24.0% |
Listing Count | 5 | -18.0% |
| Listings as % of Homes | 0.4% | -18.0% |
Days on Market | 62 | 39.0% |
Demographics — Toulon, IL
As of the latest ACS Survey released in 2023, Toulon, IL has a population of 1,880, which has decreased by -10.2% over the past 5 years. Toulon, IL is a moderately popular place for families, as children make up 22.7% of the population. The area has a poorly educated workforce, with 19.8% 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 | 1,880 | -10.2% |
% Under 18 | 22.7% | 17.0% |
% Seniors | 25.4% | 5.4% |
% WFH | 7.0% | -50.7% |
% w/ College Degree | 19.8% | -3.4% |
As of the latest ACS Survey released in 2023, Toulon, IL is a predominantly white area, with 93.3% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Toulon, IL is black, making up 1.3% of the population. Foreign-born residents account for 1.9% of the population in Toulon, IL, and this percentage has increased by 46.2% 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 | 93.3% | -1.9% |
% Black | 1.3% | 30.0% |
% Hispanic | 0.9% | -10.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.9% | 46.2% |
Mortgage and Risk — Toulon, IL
According to HUD data as of 2023, there were 43 mortgage originations in Toulon, IL, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Toulon, IL. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 43 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Toulon, IL
Toulon, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 25 |
Total Units Section 8 | 25 |
% Rentals under Section 8 | 15.3% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $690 |
| 2 Bedroom | $420 | $450 | $870 |
| 3 Bedroom | N/A | N/A | $1,140 |
| 4 Bedroom | N/A | N/A | $1,180 |
Affordability — Toulon, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $134,000 |
| Median Household Income | $63,400 |