Mackinaw, IL—61755
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Mackinaw, IL
Home Price Trends — Mackinaw, IL
As of Oct '25, the median home price in Mackinaw, IL is $240,000, with a year-over-year change of 10.9%. This indicates that home prices in Mackinaw, 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 | $240,000 | 10.9% |
| Single Family | $240,000 | 10.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $147,000 | 10.5% |
3 Bed | $239,000 | 10.6% |
4 Bed | $289,000 | 7.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mackinaw, IL
Mackinaw, 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 — Mackinaw, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Mackinaw, IL is 53. This is a increase of 42.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $329,000 | 17.0% |
Listing Count | 11 | -32.0% |
| Listings as % of Homes | 0.4% | -32.0% |
Days on Market | 53 | 42.0% |
Demographics — Mackinaw, IL
As of the latest ACS Survey released in 2023, Mackinaw, IL has a population of 4,440, which has decreased by -6.4% over the past 5 years. Mackinaw, IL is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 30.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,440 | -6.4% |
% Under 18 | 23.4% | -11.0% |
% Seniors | 17.8% | 54.8% |
% WFH | 5.6% | 229.4% |
% w/ College Degree | 30.0% | -24.6% |
As of the latest ACS Survey released in 2023, Mackinaw, IL is a predominantly white area, with 97.4% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in Mackinaw, IL is hispanic, making up 0.7% of the population. Foreign-born residents account for 0.4% of the population in Mackinaw, IL, and this percentage has decreased by 33.3% 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 | 97.4% | 0.0% |
% Black | 0.1% | -75.0% |
% Hispanic | 0.7% | -63.2% |
% Asian | 0.2% | ∞% |
% Foreign Born | 0.4% | -33.3% |
Mortgage and Risk — Mackinaw, IL
According to HUD data as of 2023, there were 115 mortgage originations in Mackinaw, IL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Mackinaw, IL. Investor activity is low, as 2.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 115 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Mackinaw, IL
Mackinaw, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 7.9% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | N/A | N/A | $1,390 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Mackinaw, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $240,000 |
| Median Household Income | $98,600 |