Princeville, IL—61559
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Princeville, IL
As of Oct '25, the median home price in Princeville, IL is $218,000, with a year-over-year change of 6.4%. This indicates that home prices in Princeville, IL are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $218,000 | 6.4% |
| Single Family | $218,000 | 6.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $130,000 | 4.0% |
3 Bed | $216,000 | 8.0% |
4 Bed | $271,000 | 5.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Princeville, IL
Princeville, 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 — Princeville, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Princeville, IL is 39. This is a decrease of -47.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $420,000 | 74.0% |
Listing Count | 4 | -59.0% |
| Listings as % of Homes | 0.8% | -59.0% |
Days on Market | 39 | -47.0% |
Demographics — Princeville, IL
As of the latest ACS Survey released in 2023, Princeville, IL has a population of 3,730, which has increased by 14.2% over the past 5 years. Princeville, IL is a moderately popular place for families, as children make up 23.8% of the population. The area has a moderately educated workforce, with 26.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,730 | 14.2% |
% Under 18 | 23.8% | -11.9% |
% Seniors | 21.2% | 11.0% |
% WFH | 10.5% | 262.1% |
% w/ College Degree | 26.7% | 1.1% |
As of the latest ACS Survey released in 2023, Princeville, IL is a predominantly white area, with 88.2% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Princeville, IL is hispanic, making up 4.7% of the population. Foreign-born residents account for 2.1% of the population in Princeville, IL, and this percentage has decreased by 62.5% 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 | 88.2% | -2.3% |
% Black | 0.5% | 66.7% |
% Hispanic | 4.7% | -26.6% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.1% | -62.5% |
Mortgage and Risk — Princeville, IL
According to HUD data as of 2023, there were 51 mortgage originations in Princeville, IL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Princeville, IL. Investor activity is low, as 6.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 51 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Princeville, IL
Princeville, 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 | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Princeville, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $218,000 |
| Median Household Income | $82,500 |