Hanna City, IL—61536
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hanna City, IL
As of Oct '25, the median home price in Hanna City, IL is $218,000, with a year-over-year change of 10.1%. This indicates that home prices in Hanna City, IL are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $218,000 | 10.1% |
| Single Family | $218,000 | 10.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $155,000 | 14.0% |
3 Bed | $226,000 | 9.7% |
4 Bed | $300,000 | 7.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hanna City, IL
As of July '25, Rentcast reports the average rent in Hanna City, IL is $739, with a year-over-year rent change of 5.6%. Per bedroom, the median rent as of July '25 in Hanna City, IL is 1-bedrooms: $739. The most common rental property sizes in Hanna City, IL are 3-bedroom and 2-bedroom, accounting for 45.9% and 23.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $739 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $739 |
| 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 — Hanna City, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Hanna City, IL is 31. This is a increase of 145.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $172,000 | -17.0% |
Listing Count | 9 | -4.0% |
| Listings as % of Homes | 0.2% | -4.0% |
Days on Market | 31 | 145.0% |
Demographics — Hanna City, IL
As of the latest ACS Survey released in 2023, Hanna City, IL has a population of 3,440, which has increased by 18.1% over the past 5 years. Hanna City, IL is a moderately popular place for families, as children make up 17.2% of the population. The area has a moderately educated workforce, with 26.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,440 | 18.1% |
% Under 18 | 17.2% | -18.9% |
% Seniors | 28.7% | 32.3% |
% WFH | 8.3% | 232.0% |
% w/ College Degree | 26.9% | 39.4% |
As of the latest ACS Survey released in 2023, Hanna City, IL is a predominantly white area, with 88.4% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Hanna City, IL is black, making up 4.8% of the population. Foreign-born residents account for 2.9% of the population in Hanna City, IL, and this percentage has increased by 93.3% 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 | 88.4% | -4.5% |
% Black | 4.8% | 1,100.0% |
% Hispanic | 3.0% | -51.6% |
% Asian | 2.2% | 450.0% |
% Foreign Born | 2.9% | 93.3% |
Mortgage and Risk — Hanna City, IL
According to HUD data as of 2023, there were 105 mortgage originations in Hanna City, IL, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Hanna City, IL. Investor activity is low, as 2.0% 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 | 105 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Hanna City, IL
Hanna City, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 39 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $750 | $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 — Hanna City, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $218,000 |
| Median Household Income | $73,900 |