Minonk, IL—61738
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Minonk, IL
Home Price Trends — Minonk, IL
As of Oct '25, the median home price in Minonk, IL is $195,000, with a year-over-year change of 9.2%. This indicates that home prices in Minonk, IL are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $195,000 | 9.2% |
| Single Family | $195,000 | 9.6% |
| 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 | $193,000 | 8.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Minonk, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Minonk, IL is 36. This is a increase of 102.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $240,000 | -5.0% |
Listing Count | 12 | 3.0% |
| Listings as % of Homes | 0.1% | 3.0% |
Days on Market | 36 | 102.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Minonk, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $195,000 |
| Median Household Income | $83,100 |