McLean, IL—61754
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — McLean, IL
As of Oct '25, the median home price in McLean, IL is $186,000, with a year-over-year change of 4.6%. This indicates that home prices in McLean, IL are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $186,000 | 4.6% |
| Single Family | $186,000 | 5.1% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — McLean, IL
McLean, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,800 | $1,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — McLean, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in McLean, IL is 52. This is a increase of 107.0% 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 | $704,000 | 206.0% |
Listing Count | 4 | -33.0% |
| Listings as % of Homes | 0.6% | -33.0% |
Days on Market | 52 | 107.0% |
Demographics — McLean, IL
As of the latest ACS Survey released in 2023, McLean, IL has a population of 1,160, which has increased by 8.9% over the past 5 years. McLean, IL is a moderately popular place for families, as children make up 24.3% of the population. The area has a moderately educated workforce, with 26.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,160 | 8.9% |
% Under 18 | 24.3% | 66.4% |
% Seniors | 9.8% | -53.8% |
% WFH | 18.4% | 148.6% |
% w/ College Degree | 26.7% | 78.0% |
As of the latest ACS Survey released in 2023, McLean, IL is a predominantly white area, with 92.4% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in McLean, IL is hispanic, making up 3.9% of the population. Foreign-born residents account for 0.1% of the population in McLean, IL, and this percentage has decreased by 90.9% 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 | 92.4% | -6.1% |
% Black | 0.3% | ∞% |
% Hispanic | 3.9% | 550.0% |
% Asian | 0.1% | 0.0% |
% Foreign Born | 0.1% | -90.9% |
Mortgage and Risk — McLean, IL
McLean, IL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — McLean, IL
McLean, 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 | $1,020 |
| 2 Bedroom | N/A | N/A | $1,320 |
| 3 Bedroom | -$60 | $1,800 | $1,740 |
| 4 Bedroom | N/A | N/A | $1,750 |
Affordability — McLean, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.6 |
| Median Home Price | $186,000 |
| Median Household Income | $96,700 |