Bismarck, IL—61814
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bismarck, IL
As of Oct '25, the median home price in Bismarck, IL is $163,000, with a year-over-year change of 7.2%. This indicates that home prices in Bismarck, IL are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $163,000 | 7.2% |
| Single Family | $163,000 | 7.2% |
| 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 — Bismarck, IL
Bismarck, 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 — Bismarck, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Bismarck, IL is 52. This is a increase of 281.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $138,000 | -24.0% |
Listing Count | 2 | -33.0% |
| Listings as % of Homes | N/A | -33.0% |
Days on Market | 52 | 281.0% |
Demographics — Bismarck, IL
As of the latest ACS Survey released in 2023, Bismarck, IL has a population of 1,210, which has increased by 12.4% over the past 5 years. Bismarck, IL is a moderately popular place for families, as children make up 23.5% of the population. The area has a poorly educated workforce, with 13.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,210 | 12.4% |
% Under 18 | 23.5% | -9.6% |
% Seniors | 22.5% | 14.8% |
% WFH | 12.2% | 293.5% |
% w/ College Degree | 13.4% | -12.4% |
As of the latest ACS Survey released in 2023, Bismarck, IL is a predominantly white area, with 96.9% of the population identifying as white. The white population has grown by 4.6% in the last 5 years. The second most common race or ethnicity in Bismarck, IL is hispanic, making up 0.8% of the population. Foreign-born residents account for 0.0% of the population in Bismarck, IL, and this percentage has decreased by 100.0% 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 | 96.9% | 4.6% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.8% | -78.9% |
% Asian | 0.5% | -37.5% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Bismarck, IL
According to HUD data as of 2023, there were 23 mortgage originations in Bismarck, IL, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Bismarck, 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 | 23 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Bismarck, IL
Bismarck, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% 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 | $1,100 |
| 3 Bedroom | N/A | N/A | $1,340 |
| 4 Bedroom | N/A | N/A | $1,480 |
Affordability — Bismarck, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $163,000 |
| Median Household Income | $57,700 |