Dunlap, IL—61525
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dunlap, IL
As of Oct '25, the median home price in Dunlap, IL is $364,000, with a year-over-year change of 6.2%. This indicates that home prices in Dunlap, IL are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $364,000 | 6.2% |
| Single Family | $369,000 | 6.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $208,000 | 9.5% |
3 Bed | $289,000 | 7.8% |
4 Bed | $374,000 | 5.9% |
| 5 Bed | $485,000 | 4.8% |
% of Housing Stock
Rental Trends — Dunlap, IL
As of July '25, Rentcast reports the average rent in Dunlap, IL is $2,700, with a year-over-year rent change of 38.5%. Per bedroom, the median rent as of July '25 in Dunlap, IL is 2-bedrooms: $1,100, 3-bedrooms: $2,050. The most common rental property sizes in Dunlap, IL are 3-bedroom and 2-bedroom, accounting for 33.8% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,100 | $1,100 |
| 3 Bed Rent | $2,050 | $2,050 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Dunlap, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Dunlap, IL is 66. This is a increase of 19.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $519,000 | 31.0% |
Listing Count | 38 | 9.0% |
| Listings as % of Homes | 1.0% | 9.0% |
Days on Market | 66 | 19.0% |
Demographics — Dunlap, IL
As of the latest ACS Survey released in 2023, Dunlap, IL has a population of 12,100, which has increased by 31.3% over the past 5 years. Dunlap, IL is a popular place for families, as children make up 34.7% of the population. The area has a highly educated workforce, with 69.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,100 | 31.3% |
% Under 18 | 34.7% | 5.5% |
% Seniors | 12.1% | 30.1% |
% WFH | 18.5% | 386.8% |
% w/ College Degree | 69.4% | 2.5% |
As of the latest ACS Survey released in 2023, Dunlap, IL is a predominantly white area, with 65.0% of the population identifying as white. The white population has shrunk by 13.2% in the last 5 years. The second most common race or ethnicity in Dunlap, IL is asian, making up 20.3% of the population. Foreign-born residents account for 17.4% of the population in Dunlap, IL, and this percentage has decreased by 2.8% 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 | 65.0% | -13.2% |
% Black | 5.6% | 211.1% |
% Hispanic | 4.5% | 36.4% |
% Asian | 20.3% | 20.1% |
% Foreign Born | 17.4% | -2.8% |
Mortgage and Risk — Dunlap, IL
According to HUD data as of 2023, there were 282 mortgage originations in Dunlap, IL, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Dunlap, IL. Investor activity is low, as 1.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 282 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Dunlap, IL
Dunlap, 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 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,100 |
| 2 Bedroom | $300 | $1,100 | $1,400 |
| 3 Bedroom | -$240 | $2,050 | $1,810 |
| 4 Bedroom | N/A | N/A | $1,900 |
Affordability — Dunlap, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $364,000 |
| Median Household Income | $153,000 |