Glasford, IL—61533
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Glasford, IL
As of Oct '25, the median home price in Glasford, IL is $187,000, with a year-over-year change of 12.2%. This indicates that home prices in Glasford, IL are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $187,000 | 12.2% |
| Single Family | $186,000 | 12.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $132,000 | 10.9% |
3 Bed | $209,000 | 13.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Glasford, IL
As of July '25, Rentcast reports the average rent in Glasford, IL is $680, with a year-over-year rent change of 4.6%. Per bedroom, the median rent as of July '25 in Glasford, IL is 1-bedrooms: $680. The most common rental property sizes in Glasford, IL are 3-bedroom and 2-bedroom, accounting for 77.9% and 12.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $680 | $680 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $680 | $680 |
| 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 — Glasford, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Glasford, IL is 108. This is a increase of 88.0% 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 | $128,000 | -53.0% |
Listing Count | 5 | -30.0% |
| Listings as % of Homes | 0.7% | -30.0% |
Days on Market | 108 | 88.0% |
Demographics — Glasford, IL
As of the latest ACS Survey released in 2023, Glasford, IL has a population of 2,360, which has decreased by -6.0% over the past 5 years. Glasford, IL is a popular place for families, as children make up 26.5% of the population. The area has a poorly educated workforce, with 17.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,360 | -6.0% |
% Under 18 | 26.5% | 18.8% |
% Seniors | 16.1% | -0.6% |
% WFH | 4.4% | 57.1% |
% w/ College Degree | 17.5% | -1.7% |
As of the latest ACS Survey released in 2023, Glasford, IL is a predominantly white area, with 95.3% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Glasford, IL is hispanic, making up 0.7% of the population. Foreign-born residents account for 0.3% of the population in Glasford, IL, and this percentage has decreased by 66.7% 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 | 95.3% | -3.6% |
% Black | 0.3% | ∞% |
% Hispanic | 0.7% | -36.4% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.3% | -66.7% |
Mortgage and Risk — Glasford, IL
According to HUD data as of 2023, there were 54 mortgage originations in Glasford, IL, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Glasford, IL. Investor activity is low, as 0.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 54 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Glasford, IL
Glasford, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | $20 | $680 | $700 |
| 2 Bedroom | N/A | N/A | $890 |
| 3 Bedroom | N/A | N/A | $1,150 |
| 4 Bedroom | N/A | N/A | $1,210 |
Affordability — Glasford, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $187,000 |
| Median Household Income | $72,400 |