Tremont, IL—61568
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tremont, IL
As of Oct '25, the median home price in Tremont, IL is $241,000, with a year-over-year change of 8.4%. This indicates that home prices in Tremont, IL are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $241,000 | 8.4% |
| Single Family | $240,000 | 8.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $166,000 | 9.2% |
3 Bed | $234,000 | 8.8% |
4 Bed | $327,000 | 5.1% |
| 5 Bed | $310,000 | 4.7% |
% of Housing Stock
Rental Trends — Tremont, IL
Tremont, 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 — Tremont, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Tremont, IL is 47. This is a increase of 24.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $225,000 | -39.0% |
Listing Count | 6 | -25.0% |
| Listings as % of Homes | 0.3% | -25.0% |
Days on Market | 47 | 24.0% |
Demographics — Tremont, IL
As of the latest ACS Survey released in 2023, Tremont, IL has a population of 4,400, which has increased by 4.2% over the past 5 years. Tremont, IL is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 38.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,400 | 4.2% |
% Under 18 | 23.4% | -27.1% |
% Seniors | 19.1% | 22.4% |
% WFH | 8.8% | 46.7% |
% w/ College Degree | 38.8% | 44.2% |
As of the latest ACS Survey released in 2023, Tremont, IL is a predominantly white area, with 96.2% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Tremont, IL is hispanic, making up 1.5% of the population. Foreign-born residents account for 1.0% of the population in Tremont, IL, and this percentage has increased by 25.0% 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 | 96.2% | -0.6% |
% Black | 0.1% | ∞% |
% Hispanic | 1.5% | 7.1% |
% Asian | 0.4% | -78.9% |
% Foreign Born | 1.0% | 25.0% |
Mortgage and Risk — Tremont, IL
According to HUD data as of 2023, there were 108 mortgage originations in Tremont, IL, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Tremont, IL. Investor activity is low, as 1.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 108 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Tremont, IL
Tremont, 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 | $740 |
| 2 Bedroom | N/A | N/A | $940 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,280 |
Affordability — Tremont, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $241,000 |
| Median Household Income | $101,000 |