Sparland, IL—61565
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sparland, IL
As of Oct '25, the median home price in Sparland, IL is $163,000, with a year-over-year change of 3.9%. This indicates that home prices in Sparland, IL are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $163,000 | 3.9% |
| Single Family | $163,000 | 3.8% |
| 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 | $188,000 | 3.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sparland, IL
Sparland, 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 — Sparland, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Sparland, IL is 47. This is a increase of 69.0% 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 | $116,000 | -2.0% |
Listing Count | 4 | 56.0% |
| Listings as % of Homes | 0.3% | 56.0% |
Days on Market | 47 | 69.0% |
Demographics — Sparland, IL
As of the latest ACS Survey released in 2023, Sparland, IL has a population of 1,340, which has decreased by -7.5% over the past 5 years. Sparland, IL is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 22.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,340 | -7.5% |
% Under 18 | 22.5% | 13.6% |
% Seniors | 21.7% | 4.8% |
% WFH | 5.9% | -9.2% |
% w/ College Degree | 22.4% | 60.0% |
As of the latest ACS Survey released in 2023, Sparland, IL is a predominantly white area, with 95.7% of the population identifying as white. The white population has grown by 0.3% in the last 5 years. The second most common race or ethnicity in Sparland, IL is hispanic, making up 2.3% of the population. Foreign-born residents account for 0.4% of the population in Sparland, 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 | 95.7% | 0.3% |
% Black | 0.0% | N/A |
% Hispanic | 2.3% | -34.3% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.4% | 0.0% |
Mortgage and Risk — Sparland, IL
According to HUD data as of 2023, there were 25 mortgage originations in Sparland, IL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Sparland, IL. Investor activity is low, as 0.0% 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 | 25 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Sparland, IL
Sparland, 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 | $690 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,140 |
| 4 Bedroom | N/A | N/A | $1,180 |
Affordability — Sparland, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $163,000 |
| Median Household Income | $76,700 |