Wataga, IL—61488
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wataga, IL
As of Oct '25, the median home price in Wataga, IL is $124,000, with a year-over-year change of 4.5%. This indicates that home prices in Wataga, IL are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $124,000 | 4.5% |
| Single Family | $124,000 | 7.8% |
| 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 — 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 |
% of Rental Stock
Property Listings — Wataga, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Wataga, IL is 96. This is a increase of 134.0% 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 | $121,000 | -9.0% |
Listing Count | 3 | 0.0% |
| Listings as % of Homes | 0.4% | 0.0% |
Days on Market | 96 | 134.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Wataga, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $124,000 |
| Median Household Income | $61,800 |