Tremont, IL 61568 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Tremont, IL—61568

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$240,000

7.8% YoY Growth

Household Income

$101,000

26.2% YoY Growth

Days on Market

11.0% Shorter YoY

Home Price Forecast

2.6%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Tremont, IL

As of Dec '25, the median home price in Tremont, IL is $240,000, with a year-over-year change of 7.8%. This indicates that home prices in Tremont, 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	$240,000	7.8%
Single Family	$239,000	7.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

20.4%

2 Bedrooms

32.7%

3 Bedrooms

20.6%

4 Bedrooms

26.2%

Property Listings — Tremont, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Tremont, IL is 33. This is a increase of 6.0% 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 133.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$231,000	-18.0%
Listing Count	5	-63.0%
Listings as % of Homes	0.3%	-63.0%
Days on Market	45	-11.0%

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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%

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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%

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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%

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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

Tremont, IL—61568

Key Metrics at a Glance

Home Price Trends — Tremont, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Tremont, IL

% of Rental Stock

Property Listings — Tremont, IL

Demographics — Tremont, IL

Race and Ethnicity

Mortgage and Risk — Tremont, IL

Mortgages

Rentals and Section 8 — Tremont, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Tremont, IL

Home Price to Income Ratio

Tremont, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Groveland, IL

Hopedale, IL

Morton, IL

Delavan, IL

Mackinaw, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2
Median Home Price	$240,000
Median Household Income	$101,000

Tremont, IL—61568

Key Metrics at a Glance

Home Price Trends — Tremont, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Tremont, IL

% of Rental Stock

Property Listings — Tremont, IL

Demographics — Tremont, IL

Race and Ethnicity

Mortgage and Risk — Tremont, IL

Mortgages

Rentals and Section 8 — Tremont, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Tremont, IL

Home Price to Income Ratio

Tremont, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Groveland, IL

Hopedale, IL

Morton, IL

Delavan, IL

Mackinaw, IL

Frequently Asked Questions

What is the average home price in Tremont, IL 61568?

How have home prices in Tremont, IL 61568 changed over the past year?

What is the home price projection for Tremont, IL 61568?

What are the demographics of Tremont, IL 61568?

How long does it take homes to sell in Tremont, IL 61568?

What is the average rent price in Tremont, IL 61568?