London Mills, IL—61544
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — London Mills, IL
As of Oct '25, the median home price in London Mills, IL is $87,000, with a year-over-year change of 3.8%. This indicates that home prices in London Mills, 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 | $87,000 | 3.8% |
| Single Family | $87,000 | 4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — London Mills, IL
London Mills, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 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 — London Mills, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in London Mills, IL is 60. This is a increase of 1400.0% 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 | $140,000 | 417.0% |
Listing Count | 3 | 11.0% |
| Listings as % of Homes | 0.3% | 11.0% |
Days on Market | 60 | 1,400.0% |
Demographics — London Mills, IL
As of the latest ACS Survey released in 2023, London Mills, IL has a population of 815, which has increased by 38.1% over the past 5 years. London Mills, IL is a popular place for families, as children make up 30.9% of the population. The area has a poorly educated workforce, with 21.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 815 | 38.1% |
% Under 18 | 30.9% | 22.1% |
% Seniors | 16.8% | -25.3% |
% WFH | 2.8% | ∞% |
% w/ College Degree | 21.4% | 54.0% |
London Mills, IL lacks sufficient race and ethnicity data for analysis.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 97.9% | 0.6% |
% Black | 0.0% | N/A |
% Hispanic | 0.4% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | N/A |
Mortgage and Risk — London Mills, IL
London Mills, IL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — London Mills, IL
London Mills, 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 | 2.2% |
% Occupied Section 8 | N/A |
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 | $980 |
| 3 Bedroom | N/A | N/A | $1,340 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — London Mills, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.1 |
| Median Home Price | $87,000 |
| Median Household Income | $79,300 |