Flanagan, IL 61740 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Flanagan, IL—61740

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$166,000

19.2% YoY Growth

Household Income

$79,500

50.2% YoY Growth

Days on Market

54.0% 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 — Flanagan, IL

As of May '26, the median home price in Flanagan, IL is $166,000, with a year-over-year change of 19.2%. This indicates that home prices in Flanagan, 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	$166,000	19.2%
Single Family	$166,000	18.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Flanagan, IL

Flanagan, 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

Loading chart...

% of Rental Stock

Studio

5.5%

1 Bedroom

4.1%

2 Bedrooms

60.3%

3 Bedrooms

30.1%

Property Listings — Flanagan, IL

As of May '26, Realtor.com reports that the median days on market for a home in Flanagan, IL is 39. This is a decrease of -54.0% from last year, suggesting that homes are sitting on the market shorter 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	$149,000	-33.0%
Listing Count	8	120.0%
Listings as % of Homes	0.3%	120.0%
Days on Market	39	-54.0%

Loading chart...

Demographics — Flanagan, IL

As of the latest ACS Survey released in 2023, Flanagan, IL has a population of 1,430, which has decreased by -7.1% over the past 5 years. Flanagan, IL is a moderately popular place for families, as children make up 23.3% of the population. The area has a poorly educated workforce, with 21.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,430	-7.1%
% Under 18	23.3%	19.5%
% Seniors	26.1%	0.8%
% WFH	13.9%	98.6%
% w/ College Degree	21.1%	15.3%

Loading chart...

As of the latest ACS Survey released in 2023, Flanagan, IL is a predominantly white area, with 96.1% of the population identifying as white. The white population has grown by 2.9% in the last 5 years. The second most common race or ethnicity in Flanagan, IL is hispanic, making up 1.6% of the population. Foreign-born residents account for 1.7% of the population in Flanagan, IL, and this percentage has decreased by 48.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	96.1%	2.9%
% Black	0.6%	-53.8%
% Hispanic	1.6%	-52.9%
% Asian	0.6%	-14.3%
% Foreign Born	1.7%	-48.5%

Loading chart...

Mortgage and Risk — Flanagan, IL

According to HUD data as of 2023, there were 59 mortgage originations in Flanagan, IL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Flanagan, IL. Investor activity is low, as 8.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	59
% Conventional Loans	78.0%
% Government Loans	22.0%
% Investor Loans	8.0%
% Second Loans	2.0%
% Cash Out Refinance	7.0%

Loading chart...

Rentals and Section 8 — Flanagan, IL

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

Section 8 Market Size

Total Units under HUD	1
Total Units Section 8	1
% Rentals under Section 8	2.7%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$700
2 Bedroom	N/A	N/A	$910
3 Bedroom	N/A	N/A	$1,170
4 Bedroom	N/A	N/A	$1,210

Flanagan, IL—61740

Key Metrics at a Glance

Home Price Trends — Flanagan, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Flanagan, IL

% of Rental Stock

Property Listings — Flanagan, IL

Demographics — Flanagan, IL

Race and Ethnicity

Mortgage and Risk — Flanagan, IL

Mortgages

Rentals and Section 8 — Flanagan, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Flanagan, IL

Home Price to Income Ratio

Flanagan, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Graymont, IL

Long Point, IL

Dana, IL

Gridley, IL

Ancona, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.5
Median Home Price	$166,000
Median Household Income	$79,500

Flanagan, IL—61740

Key Metrics at a Glance

Home Price Trends — Flanagan, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Flanagan, IL

% of Rental Stock

Property Listings — Flanagan, IL

Demographics — Flanagan, IL

Race and Ethnicity

Mortgage and Risk — Flanagan, IL

Mortgages

Rentals and Section 8 — Flanagan, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Flanagan, IL

Home Price to Income Ratio

Flanagan, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Graymont, IL

Long Point, IL

Dana, IL

Gridley, IL

Ancona, IL

Frequently Asked Questions

What is the average home price in Flanagan, IL 61740?

How have home prices in Flanagan, IL 61740 changed over the past year?

What is the home price projection for Flanagan, IL 61740?

What are the demographics of Flanagan, IL 61740?

How long does it take homes to sell in Flanagan, IL 61740?

What is the average rent price in Flanagan, IL 61740?