Gifford, IL 61847 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Gifford, IL—61847

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$228,000

8.6% YoY Growth

Household Income

$85,700

14.6% YoY Growth

Days on Market

301.0% Longer YoY

Home Price Forecast

2.0%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Gifford, IL

As of May '26, the median home price in Gifford, IL is $228,000, with a year-over-year change of 8.6%. This indicates that home prices in Gifford, IL are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$228,000	8.6%
Single Family	$228,000	9.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Gifford, IL

Gifford, 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

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% of Rental Stock

1 Bedroom

10.2%

2 Bedrooms

44.1%

3 Bedrooms

32.2%

5+ Bedrooms

13.6%

Property Listings — Gifford, IL

As of May '26, Realtor.com reports that the median days on market for a home in Gifford, IL is 42. This is a increase of 301.0% 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	$151,000	-41.0%
Listing Count	7	367.0%
Listings as % of Homes	0.8%	367.0%
Days on Market	42	301.0%

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Demographics — Gifford, IL

As of the latest ACS Survey released in 2023, Gifford, IL has a population of 1,160, which has decreased by -6.4% over the past 5 years. Gifford, IL is a moderately popular place for families, as children make up 19.0% of the population. The area has a poorly educated workforce, with 22.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,160	-6.4%
% Under 18	19.0%	-23.4%
% Seniors	30.0%	36.4%
% WFH	10.7%	386.4%
% w/ College Degree	22.4%	19.8%

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As of the latest ACS Survey released in 2023, Gifford, IL is a predominantly white area, with 94.0% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Gifford, IL is hispanic, making up 0.9% of the population. Foreign-born residents account for 0.3% of the population in Gifford, IL, and this percentage has decreased by 25.0% 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	94.0%	-2.2%
% Black	0.0%	-100.0%
% Hispanic	0.9%	-55.0%
% Asian	0.0%	N/A
% Foreign Born	0.3%	-25.0%

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Mortgage and Risk — Gifford, IL

Gifford, IL lacks sufficient mortgage origination data for analysis.

Mortgages

Metric	Zip Code Average
Total Loan Originations	N/A
% Conventional Loans	N/A
% Government Loans	N/A
% Investor Loans	N/A
% Second Loans	N/A
% Cash Out Refinance	N/A

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Rentals and Section 8 — Gifford, IL

Gifford, 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	$800
2 Bedroom	N/A	N/A	$950
3 Bedroom	N/A	N/A	$1,240
4 Bedroom	N/A	N/A	$1,260

Gifford, IL—61847

Key Metrics at a Glance

Home Price Trends — Gifford, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Gifford, IL

% of Rental Stock

Property Listings — Gifford, IL

Demographics — Gifford, IL

Race and Ethnicity

Mortgage and Risk — Gifford, IL

Mortgages

Rentals and Section 8 — Gifford, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Gifford, IL

Home Price to Income Ratio

Gifford, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Penfield, IL

Ludlow, IL

Royal

Gerald, IL

Rantoul, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.3
Median Home Price	$228,000
Median Household Income	$85,700

Gifford, IL—61847

Key Metrics at a Glance

Home Price Trends — Gifford, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Gifford, IL

% of Rental Stock

Property Listings — Gifford, IL

Demographics — Gifford, IL

Race and Ethnicity

Mortgage and Risk — Gifford, IL

Mortgages

Rentals and Section 8 — Gifford, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Gifford, IL

Home Price to Income Ratio

Gifford, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Penfield, IL

Ludlow, IL

Royal

Gerald, IL

Rantoul, IL

Frequently Asked Questions

What is the average home price in Gifford, IL 61847?

How have home prices in Gifford, IL 61847 changed over the past year?

What is the home price projection for Gifford, IL 61847?

What are the demographics of Gifford, IL 61847?

How long does it take homes to sell in Gifford, IL 61847?

What is the average rent price in Gifford, IL 61847?