Bement, IL—61813
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bement, IL
As of Oct '25, the median home price in Bement, IL is $161,000, with a year-over-year change of 10.5%. This indicates that home prices in Bement, IL are increasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $161,000 | 10.5% |
| Single Family | $161,000 | 9.5% |
| 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 — Bement, IL
Bement, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $700 | $700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $700 |
| 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 — Bement, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Bement, IL is 112. This is a increase of 112.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $263,000 | 59.0% |
Listing Count | 4 | -38.0% |
| Listings as % of Homes | 1.1% | -38.0% |
Days on Market | 112 | 112.0% |
Demographics — Bement, IL
As of the latest ACS Survey released in 2023, Bement, IL has a population of 1,810, which has increased by 9.5% over the past 5 years. Bement, IL is a moderately popular place for families, as children make up 19.3% of the population. The area has a poorly educated workforce, with 18.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,810 | 9.5% |
% Under 18 | 19.3% | 1.0% |
% Seniors | 15.9% | -9.7% |
% WFH | 5.2% | 36.8% |
% w/ College Degree | 18.1% | 24.8% |
As of the latest ACS Survey released in 2023, Bement, IL is a predominantly white area, with 96.1% 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 Bement, IL is black, making up 2.2% of the population. Foreign-born residents account for 1.2% of the population in Bement, IL, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.1% | -0.2% |
% Black | 2.2% | 4.8% |
% Hispanic | 1.8% | 800.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.2% | 0.0% |
Mortgage and Risk — Bement, IL
According to HUD data as of 2023, there were 65 mortgage originations in Bement, IL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Bement, IL. Investor activity is low, as 8.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 65 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Bement, IL
Bement, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 17 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $700 | $800 |
| 2 Bedroom | N/A | N/A | $950 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,260 |
Affordability — Bement, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $161,000 |
| Median Household Income | $82,800 |