Viola, IL—61486
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Viola, IL
As of Oct '25, the median home price in Viola, IL is $157,000, with a year-over-year change of 2.2%. This indicates that home prices in Viola, IL are increasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $157,000 | 2.2% |
| Single Family | $157,000 | 2.6% |
| 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 — Viola, IL
Viola, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,150 |
| 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 | $1,150 | $1,150 |
% of Rental Stock
Property Listings — Viola, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Viola, IL is 37. This is a increase of 220.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $160,000 | 6.0% |
Listing Count | 5 | 122.0% |
| Listings as % of Homes | 0.6% | 122.0% |
Days on Market | 37 | 220.0% |
Demographics — Viola, IL
As of the latest ACS Survey released in 2023, Viola, IL has a population of 1,430, which has decreased by -2.7% over the past 5 years. Viola, 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 18.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,430 | -2.7% |
% Under 18 | 19.9% | -27.4% |
% Seniors | 18.3% | 8.9% |
% WFH | 9.0% | 800.0% |
% w/ College Degree | 18.4% | -2.6% |
As of the latest ACS Survey released in 2023, Viola, IL is a predominantly white area, with 84.8% of the population identifying as white. The white population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Viola, IL is hispanic, making up 7.7% of the population. Foreign-born residents account for 2.8% of the population in Viola, IL, and this percentage has increased by 100.0% 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 | 84.8% | -10.9% |
% Black | 0.0% | N/A |
% Hispanic | 7.7% | 220.8% |
% Asian | 0.8% | ∞% |
% Foreign Born | 2.8% | 100.0% |
Mortgage and Risk — Viola, IL
According to HUD data as of 2023, there were 60 mortgage originations in Viola, IL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Viola, IL. Investor activity is low, as 7.0% 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 | 60 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Viola, IL
Viola, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 3.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | N/A | N/A | $920 |
| 3 Bedroom | N/A | N/A | $1,200 |
| 4 Bedroom | $270 | $1,150 | $1,420 |
Affordability — Viola, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $157,000 |
| Median Household Income | $71,800 |