Minonk, IL 61760 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Minonk, IL—61760

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$162,000

7.0% YoY Growth

Household Income

$65,000

0.3% YoY Growth

Days on Market

44.0% Shorter YoY

Home Price Forecast

1.5%

Median Rent

$1,300

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Other Zip Codes in Minonk, IL

61738

Home Price Trends — Minonk, IL

As of May '26, the median home price in Minonk, IL is $162,000, with a year-over-year change of 7.0%. This indicates that home prices in Minonk, IL are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$162,000	7.0%
Single Family	$162,000	6.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Minonk, IL

Minonk, IL lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$1,300	$1,300
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	$1,300	$1,300

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% of Rental Stock

Studio

5.1%

1 Bedroom

17.2%

2 Bedrooms

37.9%

3 Bedrooms

39.8%

Property Listings — Minonk, IL

As of May '26, Realtor.com reports that the median days on market for a home in Minonk, IL is 43. This is a decrease of -44.0% 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	$197,000	20.0%
Listing Count	4	-43.0%
Listings as % of Homes	0.6%	-43.0%
Days on Market	43	-44.0%

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Demographics — Minonk, IL

As of the latest ACS Survey released in 2023, Minonk, IL has a population of 2,240, which has decreased by -11.1% over the past 5 years. Minonk, IL is a moderately popular place for families, as children make up 21.6% of the population. The area has a poorly educated workforce, with 18.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,240	-11.1%
% Under 18	21.6%	-18.8%
% Seniors	20.1%	16.2%
% WFH	6.2%	63.2%
% w/ College Degree	18.9%	6.2%

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As of the latest ACS Survey released in 2023, Minonk, IL is a predominantly white area, with 96.4% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Minonk, IL is hispanic, making up 2.3% of the population. Foreign-born residents account for 1.1% of the population in Minonk, IL, and this percentage has increased by 175.0% 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	96.4%	-0.1%
% Black	0.0%	-100.0%
% Hispanic	2.3%	53.3%
% Asian	0.4%	100.0%
% Foreign Born	1.1%	175.0%

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Mortgage and Risk — Minonk, IL

According to HUD data as of 2023, there were 55 mortgage originations in Minonk, IL, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Minonk, IL. Investor activity is low, as 0.0% 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	55
% Conventional Loans	87.0%
% Government Loans	13.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Minonk, IL

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

Section 8 Market Size

Total Units under HUD	33
Total Units Section 8	10
% Rentals under Section 8	5.1%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$840
2 Bedroom	N/A	N/A	$1,070
3 Bedroom	N/A	N/A	$1,390
4 Bedroom	$160	$1,300	$1,460

Minonk, IL—61760

Key Metrics at a Glance

Other Zip Codes in Minonk, IL

Home Price Trends — Minonk, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Minonk, IL

% of Rental Stock

Property Listings — Minonk, IL

Demographics — Minonk, IL

Race and Ethnicity

Mortgage and Risk — Minonk, IL

Mortgages

Rentals and Section 8 — Minonk, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Minonk, IL

Home Price to Income Ratio

Minonk, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Rutland, IL

Dana, IL

Benson, IL

Minonk, IL

Toluca, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.2
Median Home Price	$162,000
Median Household Income	$65,000

Minonk, IL—61760

Key Metrics at a Glance

Other Zip Codes in Minonk, IL

Home Price Trends — Minonk, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Minonk, IL

% of Rental Stock

Property Listings — Minonk, IL

Demographics — Minonk, IL

Race and Ethnicity

Mortgage and Risk — Minonk, IL

Mortgages

Rentals and Section 8 — Minonk, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Minonk, IL

Home Price to Income Ratio

Minonk, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Rutland, IL

Dana, IL

Benson, IL

Minonk, IL

Toluca, IL

Frequently Asked Questions

What is the average home price in Minonk, IL 61760?

How have home prices in Minonk, IL 61760 changed over the past year?

What is the home price projection for Minonk, IL 61760?

What are the demographics of Minonk, IL 61760?

How long does it take homes to sell in Minonk, IL 61760?

What is the average rent price in Minonk, IL 61760?