Normal, IL 61761 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Normal, IL—61761

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$259,000

4.2% YoY Growth

Household Income

$66,600

20.2% YoY Growth

Days on Market

10.0% Shorter YoY

Home Price Forecast

2.4%

Median Rent

$1,620

8.2% YoY Growth

1-Bed Rent

$900

58.5% YoY Growth

2-Bed Rent

$1,130

12.3% YoY Growth

3-Bed Rent

$1,850

9.2% YoY Growth

Home Price Trends — Normal, IL

As of Dec '25, the median home price in Normal, IL is $259,000, with a year-over-year change of 4.2%. This indicates that home prices in Normal, IL are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$259,000	4.2%
Single Family	$262,000	3.6%
Condos	$183,000	1.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Normal, IL

As of July '25, Rentcast reports the average rent in Normal, IL is $1,580, with a year-over-year rent change of 8.2%. Per bedroom, the median rent as of July '25 in Normal, IL is studios: $750, 1-bedrooms: $1,070, 2-bedrooms: $1,370, 3-bedrooms: $1,890, 4-bedrooms: $2,220. The most common rental property sizes in Normal, IL are 2-bedroom and 4-bedroom, accounting for 37.6% and 21.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,620	$1,580
Studio Rent	$750	$750
1 Bed Rent	$900	$1,070
2 Bed Rent	$1,130	$1,370
3 Bed Rent	$1,850	$1,890
4 Bed Rent	$2,100	$2,220

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% of Rental Stock

Studio

7.7%

1 Bedroom

19.8%

2 Bedrooms

37.6%

3 Bedrooms

13.2%

4 Bedrooms

21.2%

5+ Bedrooms

0.5%

Property Listings — Normal, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Normal, IL is 44. This is a decrease of -10.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$352,000	0.0%
Listing Count	70	-10.0%
Listings as % of Homes	0.3%	-10.0%
Days on Market	52	-10.0%

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Demographics — Normal, IL

As of the latest ACS Survey released in 2023, Normal, IL has a population of 53,400, which has decreased by -3.3% over the past 5 years. Normal, IL is a moderately popular place for families, as children make up 16.9% of the population. The area has a highly educated workforce, with 52.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	53,400	-3.3%
% Under 18	16.9%	-7.1%
% Seniors	11.8%	19.2%
% WFH	12.5%	166.0%
% w/ College Degree	52.5%	7.6%

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As of the latest ACS Survey released in 2023, Normal, IL is a predominantly white area, with 75.5% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Normal, IL is black, making up 11.4% of the population. Foreign-born residents account for 7.4% of the population in Normal, IL, and this percentage has increased by 17.5% 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	75.5%	-2.3%
% Black	11.4%	0.9%
% Hispanic	7.0%	32.1%
% Asian	3.9%	-11.4%
% Foreign Born	7.4%	17.5%

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Mortgage and Risk — Normal, IL

According to HUD data as of 2023, there were 658 mortgage originations in Normal, IL, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Normal, IL. Investor activity is low, as 2.0% 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	658
% Conventional Loans	87.0%
% Government Loans	13.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Normal, IL

As of 2024, the percent of homes in Normal, IL under the Section 8 program is 5.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Normal, IL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	521
Total Units Section 8	521
% Rentals under Section 8	5.8%
% Occupied Section 8	83.6%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$110	$900	$790
2 Bedroom	-$120	$1,130	$1,010
3 Bedroom	-$460	$1,850	$1,390
4 Bedroom	-$710	$2,100	$1,390

Normal, IL—61761

Key Metrics at a Glance

Home Price Trends — Normal, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Normal, IL

% of Rental Stock

Property Listings — Normal, IL

Demographics — Normal, IL

Race and Ethnicity

Mortgage and Risk — Normal, IL

Mortgages

Rentals and Section 8 — Normal, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Normal, IL

Home Price to Income Ratio

Normal, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Bloomington, IL

Bloomington, IL

Bloomington, IL

Bloomington, IL

Hudson, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$259,000
Median Household Income	$66,600

Normal, IL—61761

Key Metrics at a Glance

Home Price Trends — Normal, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Normal, IL

% of Rental Stock

Property Listings — Normal, IL

Demographics — Normal, IL

Race and Ethnicity

Mortgage and Risk — Normal, IL

Mortgages

Rentals and Section 8 — Normal, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Normal, IL

Home Price to Income Ratio

Normal, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Bloomington, IL

Bloomington, IL

Bloomington, IL

Bloomington, IL

Hudson, IL

Frequently Asked Questions

What is the average home price in Normal, IL 61761?

How have home prices in Normal, IL 61761 changed over the past year?

What is the home price projection for Normal, IL 61761?

What are the demographics of Normal, IL 61761?

How long does it take homes to sell in Normal, IL 61761?

What is the average rent price in Normal, IL 61761?