Pontiac, IL—61764
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pontiac, IL
As of Oct '25, the median home price in Pontiac, IL is $143,000, with a year-over-year change of 7.1%. This indicates that home prices in Pontiac, IL are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $143,000 | 7.1% |
| Single Family | $144,000 | 7.5% |
| Condos | $136,000 | 10.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $107,000 | 7.0% |
3 Bed | $159,000 | 8.9% |
4 Bed | $216,000 | 9.1% |
| 5 Bed | $236,000 | 9.3% |
% of Housing Stock
Rental Trends — Pontiac, IL
As of July '25, Rentcast reports the average rent in Pontiac, IL is $1,020, with a year-over-year rent change of -12.1%. Per bedroom, the median rent as of July '25 in Pontiac, IL is 1-bedrooms: $834, 2-bedrooms: $1,010, 3-bedrooms: $1,200. The most common rental property sizes in Pontiac, IL are 2-bedroom and 3-bedroom, accounting for 42.2% and 24.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,010 | $1,020 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $795 | $834 |
| 2 Bed Rent | $1,010 | $1,010 |
| 3 Bed Rent | $1,200 | $1,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Pontiac, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Pontiac, IL is 51. This is a decrease of -2.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $173,000 | 8.0% |
Listing Count | 38 | 18.0% |
| Listings as % of Homes | 0.5% | 18.0% |
Days on Market | 51 | -2.0% |
Demographics — Pontiac, IL
As of the latest ACS Survey released in 2023, Pontiac, IL has a population of 13,700, which has decreased by -2.2% over the past 5 years. Pontiac, IL is a moderately popular place for families, as children make up 18.4% of the population. The area has a poorly educated workforce, with 17.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,700 | -2.2% |
% Under 18 | 18.4% | -12.0% |
% Seniors | 20.1% | 20.4% |
% WFH | 7.0% | 250.0% |
% w/ College Degree | 17.6% | 14.3% |
As of the latest ACS Survey released in 2023, Pontiac, IL is a predominantly white area, with 83.5% of the population identifying as white. The white population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Pontiac, IL is black, making up 7.9% of the population. Foreign-born residents account for 2.6% of the population in Pontiac, IL, and this percentage has increased by 18.2% 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 | 83.5% | -0.2% |
% Black | 7.9% | -14.1% |
% Hispanic | 5.4% | 5.9% |
% Asian | 1.1% | 0.0% |
% Foreign Born | 2.6% | 18.2% |
Mortgage and Risk — Pontiac, IL
According to HUD data as of 2023, there were 202 mortgage originations in Pontiac, IL, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Pontiac, IL. Investor activity is low, as 4.0% 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 | 202 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Pontiac, IL
Pontiac, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 355 |
Total Units Section 8 | 165 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 88.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$45 | $795 | $750 |
| 2 Bedroom | -$30 | $1,010 | $980 |
| 3 Bedroom | $60 | $1,200 | $1,260 |
| 4 Bedroom | N/A | N/A | $1,300 |
Affordability — Pontiac, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $143,000 |
| Median Household Income | $68,400 |