Minonk, IL 61738 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Minonk, IL—61738

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$197,000

9.6% YoY Growth

Household Income

$83,100

15.7% YoY Growth

Days on Market

35.0% 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

Other Zip Codes in Minonk, IL

61760

Home Price Trends — Minonk, IL

As of Dec '25, the median home price in Minonk, IL is $197,000, with a year-over-year change of 9.6%. This indicates that home prices in Minonk, 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	$197,000	9.6%
Single Family	$197,000	9.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Minonk, IL

Minonk, 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

10.6%

2 Bedrooms

32.5%

3 Bedrooms

35.3%

4 Bedrooms

18.8%

5+ Bedrooms

2.7%

Property Listings — Minonk, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Minonk, IL is 40. This is a increase of 38.0% 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	$187,000	-14.0%
Listing Count	12	17.0%
Listings as % of Homes	0.1%	17.0%
Days on Market	31	-35.0%

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Demographics — Minonk, IL

As of the latest ACS Survey released in 2023, Minonk, IL has a population of 4,440, which has increased by 1.1% over the past 5 years. Minonk, IL is a moderately popular place for families, as children make up 24.7% of the population. The area has a moderately educated workforce, with 25.5% 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	4,440	1.1%
% Under 18	24.7%	-11.2%
% Seniors	15.0%	4.2%
% WFH	10.5%	105.9%
% w/ College Degree	25.5%	0.0%

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As of the latest ACS Survey released in 2023, Minonk, IL is a predominantly white area, with 95.4% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Minonk, IL is black, making up 1.8% of the population. Foreign-born residents account for 2.1% of the population in Minonk, IL, and this percentage has increased by 2000.0% 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	95.4%	-0.4%
% Black	1.8%	-21.7%
% Hispanic	0.3%	-40.0%
% Asian	0.7%	∞%
% Foreign Born	2.1%	2,000.0%

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Mortgage and Risk — Minonk, IL

According to HUD data as of 2023, there were 64 mortgage originations in Minonk, IL, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Minonk, IL. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	64
% Conventional Loans	91.0%
% Government Loans	9.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Minonk, IL

Minonk, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	23
Total Units Section 8	23
% Rentals under Section 8	7.9%
% Occupied Section 8	64.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$790
2 Bedroom	N/A	N/A	$1,000
3 Bedroom	N/A	N/A	$1,390
4 Bedroom	N/A	N/A	$1,390

Minonk, IL—61738

Key Metrics at a Glance

Other Zip Codes in Minonk, IL

Home Price Trends — Minonk, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Minonk, IL

% of Rental Stock

Property Listings — Minonk, IL

Demographics — Minonk, IL

Race and Ethnicity

Mortgage and Risk — Minonk, IL

Mortgages

Rentals and Section 8 — Minonk, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Minonk, IL

Home Price to Income Ratio

Minonk, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Secor, IL

Minonk, IL

Hudson, IL

Gridley, IL

Benson, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.1
Median Home Price	$197,000
Median Household Income	$83,100

Minonk, IL—61738

Key Metrics at a Glance

Other Zip Codes in Minonk, IL

Home Price Trends — Minonk, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Minonk, IL

% of Rental Stock

Property Listings — Minonk, IL

Demographics — Minonk, IL

Race and Ethnicity

Mortgage and Risk — Minonk, IL

Mortgages

Rentals and Section 8 — Minonk, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Minonk, IL

Home Price to Income Ratio

Minonk, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Secor, IL

Minonk, IL

Hudson, IL

Gridley, IL

Benson, IL

Frequently Asked Questions

What is the average home price in Minonk, IL 61738?

How have home prices in Minonk, IL 61738 changed over the past year?

What is the home price projection for Minonk, IL 61738?

What are the demographics of Minonk, IL 61738?

How long does it take homes to sell in Minonk, IL 61738?

What is the average rent price in Minonk, IL 61738?