Lewistown, IL 61542 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lewistown, IL—61542

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$105,000

6.4% YoY Growth

Household Income

$65,500

15.3% YoY Growth

Days on Market

23.0% Shorter YoY

Home Price Forecast

2.6%

Median Rent

$750

10.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$750

10.0% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Lewistown, IL

As of Dec '25, the median home price in Lewistown, IL is $105,000, with a year-over-year change of 6.4%. This indicates that home prices in Lewistown, IL are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$105,000	6.4%
Single Family	$104,000	6.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lewistown, IL

As of July '25, Rentcast reports the average rent in Lewistown, IL is $825, with a year-over-year rent change of 10.0%. Per bedroom, the median rent as of July '25 in Lewistown, IL is 2-bedrooms: $825. The most common rental property sizes in Lewistown, IL are 1-bedroom and 2-bedroom, accounting for 43.9% and 31.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$750	$825
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$750	$825
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

43.9%

2 Bedrooms

31.1%

3 Bedrooms

20.7%

4 Bedrooms

3.3%

5+ Bedrooms

1.1%

Property Listings — Lewistown, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Lewistown, IL is 50. This is a decrease of -44.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$212,000	118.0%
Listing Count	16	34.0%
Listings as % of Homes	0.7%	34.0%
Days on Market	63	-23.0%

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Demographics — Lewistown, IL

As of the latest ACS Survey released in 2023, Lewistown, IL has a population of 3,310, which has decreased by -8.9% over the past 5 years. Lewistown, IL is a moderately popular place for families, as children make up 19.1% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,310	-8.9%
% Under 18	19.1%	-4.0%
% Seniors	20.7%	-3.7%
% WFH	4.9%	-2.0%
% w/ College Degree	21.2%	9.3%

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As of the latest ACS Survey released in 2023, Lewistown, IL is a predominantly white area, with 95.6% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Lewistown, IL is asian, making up 1.7% of the population. Foreign-born residents account for 1.5% of the population in Lewistown, IL, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	95.6%	-0.8%
% Black	0.5%	-28.6%
% Hispanic	0.7%	-63.2%
% Asian	1.7%	∞%
% Foreign Born	1.5%	0.0%

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Mortgage and Risk — Lewistown, IL

According to HUD data as of 2023, there were 50 mortgage originations in Lewistown, IL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 91.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Lewistown, IL. Investor activity is high, as 16.0% 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	50
% Conventional Loans	78.0%
% Government Loans	22.0%
% Investor Loans	16.0%
% Second Loans	0.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Lewistown, IL

Lewistown, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	143
Total Units Section 8	143
% Rentals under Section 8	39.0%
% Occupied Section 8	89.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$660
2 Bedroom	$120	$750	$870
3 Bedroom	N/A	N/A	$1,200
4 Bedroom	N/A	N/A	$1,270

Lewistown, IL—61542

Key Metrics at a Glance

Home Price Trends — Lewistown, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lewistown, IL

% of Rental Stock

Property Listings — Lewistown, IL

Demographics — Lewistown, IL

Race and Ethnicity

Mortgage and Risk — Lewistown, IL

Mortgages

Rentals and Section 8 — Lewistown, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Lewistown, IL

Home Price to Income Ratio

Lewistown, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Bryant

Havana, IL

Cuba, IL

Saint David

Dunfermline

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.5
Median Home Price	$105,000
Median Household Income	$65,500

Lewistown, IL—61542

Key Metrics at a Glance

Home Price Trends — Lewistown, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lewistown, IL

% of Rental Stock

Property Listings — Lewistown, IL

Demographics — Lewistown, IL

Race and Ethnicity

Mortgage and Risk — Lewistown, IL

Mortgages

Rentals and Section 8 — Lewistown, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Lewistown, IL

Home Price to Income Ratio

Lewistown, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Bryant

Havana, IL

Cuba, IL

Saint David

Dunfermline

Frequently Asked Questions

What is the average home price in Lewistown, IL 61542?

How have home prices in Lewistown, IL 61542 changed over the past year?

What is the home price projection for Lewistown, IL 61542?

What are the demographics of Lewistown, IL 61542?

How long does it take homes to sell in Lewistown, IL 61542?

What is the average rent price in Lewistown, IL 61542?