Eureka, IL—61530
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Eureka, IL
As of Oct '25, the median home price in Eureka, IL is $202,000, with a year-over-year change of 8.3%. This indicates that home prices in Eureka, IL are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $202,000 | 8.3% |
| Single Family | $202,000 | 8.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $140,000 | 8.5% |
3 Bed | $209,000 | 7.7% |
4 Bed | $244,000 | 6.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Eureka, IL
As of July '25, Rentcast reports the average rent in Eureka, IL is $475, with a year-over-year rent change of -61.1%. Per bedroom, the median rent as of July '25 in Eureka, IL is studios: $475. The most common rental property sizes in Eureka, IL are 1-bedroom and 2-bedroom, accounting for 49.2% and 28.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $475 | $475 |
| Studio Rent | $475 | $475 |
| 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 — Eureka, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Eureka, IL is 68. This is a increase of 13.0% 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 | $378,000 | 76.0% |
Listing Count | 9 | -7.0% |
| Listings as % of Homes | 0.2% | -7.0% |
Days on Market | 68 | 13.0% |
Demographics — Eureka, IL
As of the latest ACS Survey released in 2023, Eureka, IL has a population of 6,300, which has decreased by -13.1% over the past 5 years. Eureka, IL is a moderately popular place for families, as children make up 19.6% of the population. The area has a moderately educated workforce, with 33.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,300 | -13.1% |
% Under 18 | 19.6% | -15.5% |
% Seniors | 21.7% | 26.2% |
% WFH | 7.3% | 180.8% |
% w/ College Degree | 33.9% | -1.5% |
As of the latest ACS Survey released in 2023, Eureka, IL is a predominantly white area, with 91.4% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Eureka, IL is hispanic, making up 1.8% of the population. Foreign-born residents account for 0.5% of the population in Eureka, IL, and this percentage has decreased by 64.3% 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 | 91.4% | -2.6% |
% Black | 1.5% | 50.0% |
% Hispanic | 1.8% | -47.1% |
% Asian | 0.2% | -33.3% |
% Foreign Born | 0.5% | -64.3% |
Mortgage and Risk — Eureka, IL
According to HUD data as of 2023, there were 91 mortgage originations in Eureka, IL, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Eureka, IL. Investor activity is low, as 9.0% 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 | 91 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 9.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Eureka, IL
Eureka, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 228 |
Total Units Section 8 | 187 |
% Rentals under Section 8 | 23.0% |
% Occupied Section 8 | 80.6% |
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 | $950 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | N/A | N/A | $1,290 |
Affordability — Eureka, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $202,000 |
| Median Household Income | $68,600 |