Mahomet, IL 61853 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Mahomet, IL—61853

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$349,000

4.0% YoY Growth

Household Income

$115,000

27.1% YoY Growth

Days on Market

39.0% Longer YoY

Home Price Forecast

1.2%

Median Rent

$1,640

6.2% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,600

4.8% YoY Growth

3-Bed Rent

$1,920

4.0% YoY Growth

Home Price Trends — Mahomet, IL

As of May '26, the median home price in Mahomet, IL is $349,000, with a year-over-year change of 4.0%. This indicates that home prices in Mahomet, IL are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$349,000	4.0%
Single Family	$355,000	3.8%
Condos	$278,000	6.9%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Mahomet, IL

As of July '25, Rentcast reports the average rent in Mahomet, IL is $1,800, with a year-over-year rent change of -6.2%. Per bedroom, the median rent as of July '25 in Mahomet, IL is 2-bedrooms: $1,600, 3-bedrooms: $1,900, 4-bedrooms: $2,420. The most common rental property sizes in Mahomet, IL are 2-bedroom and 3-bedroom, accounting for 62.1% and 25.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,640	$1,800
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,600	$1,600
3 Bed Rent	$1,920	$1,900
4 Bed Rent	$2,420	$2,420

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% of Rental Stock

1 Bedroom

5.3%

2 Bedrooms

62.1%

3 Bedrooms

25.9%

4 Bedrooms

6.8%

Property Listings — Mahomet, IL

As of May '26, Realtor.com reports that the median days on market for a home in Mahomet, IL is 37. This is a increase of 39.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$485,000	-3.0%
Listing Count	91	56.0%
Listings as % of Homes	0.8%	56.0%
Days on Market	37	39.0%

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Demographics — Mahomet, IL

As of the latest ACS Survey released in 2023, Mahomet, IL has a population of 14,600, which has increased by 4.7% over the past 5 years. Mahomet, IL is a popular place for families, as children make up 30.8% of the population. The area has a highly educated workforce, with 51.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	14,600	4.7%
% Under 18	30.8%	7.3%
% Seniors	13.1%	18.0%
% WFH	12.4%	85.1%
% w/ College Degree	51.7%	14.6%

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As of the latest ACS Survey released in 2023, Mahomet, IL is a predominantly white area, with 89.3% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Mahomet, IL is hispanic, making up 5.1% of the population. Foreign-born residents account for 4.5% of the population in Mahomet, IL, and this percentage has increased by 45.2% 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	89.3%	-1.0%
% Black	0.4%	-81.8%
% Hispanic	5.1%	4.1%
% Asian	2.8%	180.0%
% Foreign Born	4.5%	45.2%

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Mortgage and Risk — Mahomet, IL

According to HUD data as of 2023, there were 230 mortgage originations in Mahomet, IL, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Mahomet, IL. Investor activity is low, as 4.0% 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	230
% Conventional Loans	89.0%
% Government Loans	11.0%
% Investor Loans	4.0%
% Second Loans	0.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Mahomet, IL

Mahomet, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	22
Total Units Section 8	22
% Rentals under Section 8	2.7%
% Occupied Section 8	83.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,090
2 Bedroom	-$310	$1,600	$1,290
3 Bedroom	-$240	$1,920	$1,680
4 Bedroom	-$710	$2,420	$1,710

Mahomet, IL—61853

Key Metrics at a Glance

Home Price Trends — Mahomet, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mahomet, IL

% of Rental Stock

Property Listings — Mahomet, IL

Demographics — Mahomet, IL

Race and Ethnicity

Mortgage and Risk — Mahomet, IL

Mortgages

Rentals and Section 8 — Mahomet, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Mahomet, IL

Home Price to Income Ratio

Mahomet, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Fisher, IL

Mansfield, IL

Seymour, IL

Bondville, IL

Dewey, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$349,000
Median Household Income	$115,000

Mahomet, IL—61853

Key Metrics at a Glance

Home Price Trends — Mahomet, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mahomet, IL

% of Rental Stock

Property Listings — Mahomet, IL

Demographics — Mahomet, IL

Race and Ethnicity

Mortgage and Risk — Mahomet, IL

Mortgages

Rentals and Section 8 — Mahomet, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Mahomet, IL

Home Price to Income Ratio

Mahomet, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Fisher, IL

Mansfield, IL

Seymour, IL

Bondville, IL

Dewey, IL

Frequently Asked Questions

What is the average home price in Mahomet, IL 61853?

How have home prices in Mahomet, IL 61853 changed over the past year?

What is the home price projection for Mahomet, IL 61853?

What are the demographics of Mahomet, IL 61853?

How long does it take homes to sell in Mahomet, IL 61853?

What is the average rent price in Mahomet, IL 61853?