Hopedale, IL 61747 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Hopedale, IL—61747

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$185,000

9.5% YoY Growth

Household Income

$80,800

4.2% YoY Growth

Days on Market

43.0% Shorter YoY

Home Price Forecast

3.4%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Hopedale, IL

As of Dec '25, the median home price in Hopedale, IL is $185,000, with a year-over-year change of 9.5%. This indicates that home prices in Hopedale, IL are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$185,000	9.5%
Single Family	$185,000	8.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Hopedale, IL

Hopedale, 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

29.1%

2 Bedrooms

27.6%

3 Bedrooms

29.9%

4 Bedrooms

5.5%

5+ Bedrooms

7.9%

Property Listings — Hopedale, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Hopedale, IL is 50. This is a decrease of -53.0% 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	$181,000	-14.0%
Listing Count	1	-40.0%
Listings as % of Homes	0.3%	-40.0%
Days on Market	72	-43.0%

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Demographics — Hopedale, IL

As of the latest ACS Survey released in 2023, Hopedale, IL has a population of 1,500, which has increased by 1.7% over the past 5 years. Hopedale, IL is a moderately popular place for families, as children make up 20.1% of the population. The area has a moderately educated workforce, with 28.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,500	1.7%
% Under 18	20.1%	-7.8%
% Seniors	19.9%	-16.7%
% WFH	9.1%	225.0%
% w/ College Degree	28.4%	24.0%

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As of the latest ACS Survey released in 2023, Hopedale, IL is a predominantly white area, with 93.2% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Hopedale, IL is black, making up 4.3% of the population. Foreign-born residents account for 3.4% of the population in Hopedale, IL, and this percentage has increased by 750.0% 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	93.2%	-5.1%
% Black	4.3%	4,200.0%
% Hispanic	0.9%	-18.2%
% Asian	0.0%	N/A
% Foreign Born	3.4%	750.0%

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Mortgage and Risk — Hopedale, IL

According to HUD data as of 2023, there were 72 mortgage originations in Hopedale, IL, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Hopedale, IL. Investor activity is low, as 7.0% 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	72
% Conventional Loans	86.0%
% Government Loans	14.0%
% Investor Loans	7.0%
% Second Loans	0.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Hopedale, IL

Hopedale, 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	$760
2 Bedroom	N/A	N/A	$970
3 Bedroom	N/A	N/A	$1,260
4 Bedroom	N/A	N/A	$1,320

Hopedale, IL—61747

Key Metrics at a Glance

Home Price Trends — Hopedale, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hopedale, IL

% of Rental Stock

Property Listings — Hopedale, IL

Demographics — Hopedale, IL

Race and Ethnicity

Mortgage and Risk — Hopedale, IL

Mortgages

Rentals and Section 8 — Hopedale, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Hopedale, IL

Home Price to Income Ratio

Hopedale, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Tremont, IL

Delavan, IL

Minier, IL

Hartsburg, IL

Armington, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.9
Median Home Price	$185,000
Median Household Income	$80,800

Hopedale, IL—61747

Key Metrics at a Glance

Home Price Trends — Hopedale, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hopedale, IL

% of Rental Stock

Property Listings — Hopedale, IL

Demographics — Hopedale, IL

Race and Ethnicity

Mortgage and Risk — Hopedale, IL

Mortgages

Rentals and Section 8 — Hopedale, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Hopedale, IL

Home Price to Income Ratio

Hopedale, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Tremont, IL

Delavan, IL

Minier, IL

Hartsburg, IL

Armington, IL

Frequently Asked Questions

What is the average home price in Hopedale, IL 61747?

How have home prices in Hopedale, IL 61747 changed over the past year?

What is the home price projection for Hopedale, IL 61747?

What are the demographics of Hopedale, IL 61747?

How long does it take homes to sell in Hopedale, IL 61747?

What is the average rent price in Hopedale, IL 61747?