Wataga, IL 61488 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Wataga, IL—61488

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$139,000

21.2% YoY Growth

Household Income

$61,800

15.0% YoY Growth

Days on Market

180.0% Longer YoY

Home Price Forecast

0.6%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Wataga, IL

As of May '26, the median home price in Wataga, IL is $139,000, with a year-over-year change of 21.2%. This indicates that home prices in Wataga, IL are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$139,000	21.2%
Single Family	$139,000	21.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Wataga, IL

Wataga, 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

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% of Rental Stock

1 Bedroom

11.5%

2 Bedrooms

43.3%

3 Bedrooms

26.9%

4 Bedrooms

18.3%

Property Listings — Wataga, IL

As of May '26, Realtor.com reports that the median days on market for a home in Wataga, IL is 94. This is a increase of 180.0% 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	$246,000	34.0%
Listing Count	4	17.0%
Listings as % of Homes	0.4%	17.0%
Days on Market	94	180.0%

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Demographics — Wataga, IL

As of the latest ACS Survey released in 2023, Wataga, IL has a population of 1,230, which has increased by 18.3% over the past 5 years. Wataga, IL is a moderately popular place for families, as children make up 20.9% of the population. The area has a poorly educated workforce, with 19.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,230	18.3%
% Under 18	20.9%	6.6%
% Seniors	23.3%	23.3%
% WFH	14.2%	178.4%
% w/ College Degree	19.3%	29.5%

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As of the latest ACS Survey released in 2023, Wataga, IL is a predominantly white area, with 89.3% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Wataga, IL is hispanic, making up 7.2% of the population. Foreign-born residents account for 0.2% of the population in Wataga, IL, and this percentage has decreased by 80.0% 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	89.3%	-7.1%
% Black	1.0%	150.0%
% Hispanic	7.2%	157.1%
% Asian	0.2%	-33.3%
% Foreign Born	0.2%	-80.0%

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Mortgage and Risk — Wataga, IL

According to HUD data as of 2023, there were 80 mortgage originations in Wataga, IL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Wataga, IL. Investor activity is low, as 3.0% 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	80
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	3.0%
% Second Loans	10.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Wataga, IL

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

Section 8 Market Size

Total Units under HUD	1
Total Units Section 8	1
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$660
2 Bedroom	N/A	N/A	$870
3 Bedroom	N/A	N/A	$1,130
4 Bedroom	N/A	N/A	$1,150

Wataga, IL—61488

Key Metrics at a Glance

Home Price Trends — Wataga, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wataga, IL

% of Rental Stock

Property Listings — Wataga, IL

Demographics — Wataga, IL

Race and Ethnicity

Mortgage and Risk — Wataga, IL

Mortgages

Rentals and Section 8 — Wataga, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Wataga, IL

Home Price to Income Ratio

Wataga, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Henderson

East Galesburg, IL

Oneida, IL

Rio, IL

Galesburg, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.7
Median Home Price	$139,000
Median Household Income	$61,800

Wataga, IL—61488

Key Metrics at a Glance

Home Price Trends — Wataga, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wataga, IL

% of Rental Stock

Property Listings — Wataga, IL

Demographics — Wataga, IL

Race and Ethnicity

Mortgage and Risk — Wataga, IL

Mortgages

Rentals and Section 8 — Wataga, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Wataga, IL

Home Price to Income Ratio

Wataga, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Henderson

East Galesburg, IL

Oneida, IL

Rio, IL

Galesburg, IL

Frequently Asked Questions

What is the average home price in Wataga, IL 61488?

How have home prices in Wataga, IL 61488 changed over the past year?

What is the home price projection for Wataga, IL 61488?

What are the demographics of Wataga, IL 61488?

How long does it take homes to sell in Wataga, IL 61488?

What is the average rent price in Wataga, IL 61488?