Chillicothe, IL—61523
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chillicothe, IL
As of Oct '25, the median home price in Chillicothe, IL is $178,000, with a year-over-year change of 10.4%. This indicates that home prices in Chillicothe, IL are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $178,000 | 10.4% |
| Single Family | $178,000 | 10.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $122,000 | 11.9% |
3 Bed | $184,000 | 10.8% |
4 Bed | $281,000 | 6.8% |
| 5 Bed | $333,000 | 6.4% |
% of Housing Stock
Rental Trends — Chillicothe, IL
As of July '25, Rentcast reports the average rent in Chillicothe, IL is $1,220, with a year-over-year rent change of 48.4%. Per bedroom, the median rent as of July '25 in Chillicothe, IL is 2-bedrooms: $782, 4-bedrooms: $2,100. The most common rental property sizes in Chillicothe, IL are 2-bedroom and 1-bedroom, accounting for 42.7% and 21.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $1,220 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $780 | $782 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,400 | $2,100 |
% of Rental Stock
Property Listings — Chillicothe, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Chillicothe, IL is 36. This is a decrease of -33.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $240,000 | 26.0% |
Listing Count | 38 | 30.0% |
| Listings as % of Homes | 0.4% | 30.0% |
Days on Market | 36 | -33.0% |
Demographics — Chillicothe, IL
As of the latest ACS Survey released in 2023, Chillicothe, IL has a population of 10,200, which has decreased by -9.0% over the past 5 years. Chillicothe, IL is a moderately popular place for families, as children make up 23.6% of the population. The area has a moderately educated workforce, with 27.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,200 | -9.0% |
% Under 18 | 23.6% | 3.5% |
% Seniors | 21.1% | 12.8% |
% WFH | 7.6% | 100.0% |
% w/ College Degree | 27.4% | 26.3% |
As of the latest ACS Survey released in 2023, Chillicothe, IL is a predominantly white area, with 91.0% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Chillicothe, IL is hispanic, making up 1.8% of the population. Foreign-born residents account for 1.9% of the population in Chillicothe, 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 | 91.0% | -3.9% |
% Black | 1.1% | 1,000.0% |
% Hispanic | 1.8% | -40.0% |
% Asian | 0.4% | -78.9% |
% Foreign Born | 1.9% | 46.2% |
Mortgage and Risk — Chillicothe, IL
According to HUD data as of 2023, there were 192 mortgage originations in Chillicothe, IL, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Chillicothe, IL. Investor activity is low, as 3.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 192 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Chillicothe, IL
Chillicothe, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 51 |
Total Units Section 8 | 51 |
% Rentals under Section 8 | 6.4% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | $240 | $780 | $1,020 |
| 3 Bedroom | N/A | N/A | $1,320 |
| 4 Bedroom | -$10 | $1,400 | $1,390 |
Affordability — Chillicothe, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $178,000 |
| Median Household Income | $74,100 |