Penfield, IL 61862 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Penfield, IL—61862

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$210,000

N/A

Household Income

$108,000

50.2% YoY Growth

Days on Market

34.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Penfield, IL

Penfield, IL lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	N/A	N/A
Single Family	N/A	N/A
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Penfield, IL

Penfield, 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

2 Bedrooms

11.1%

3 Bedrooms

40.7%

4 Bedrooms

48.1%

Property Listings — Penfield, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Penfield, IL is 51. This is a decrease of -44.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$210,000	-43.0%
Listing Count	1	133.0%
Listings as % of Homes	N/A	133.0%
Days on Market	79	-34.0%

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Demographics — Penfield, IL

As of the latest ACS Survey released in 2023, Penfield, IL has a population of 602, which has increased by 12.9% over the past 5 years. Penfield, IL is a popular place for families, as children make up 28.2% of the population. The area has a poorly educated workforce, with 20.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	602	12.9%
% Under 18	28.2%	9.7%
% Seniors	23.1%	0.9%
% WFH	10.0%	185.7%
% w/ College Degree	20.4%	-22.7%

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As of the latest ACS Survey released in 2023, Penfield, IL is a predominantly white area, with 97.8% of the population identifying as white. The white population has grown by 2.8% in the last 5 years. The second most common race or ethnicity in Penfield, IL is hispanic, making up 1.5% of the population. Foreign-born residents account for 0.0% of the population in Penfield, 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	97.8%	2.8%
% Black	0.0%	-100.0%
% Hispanic	1.5%	87.5%
% Asian	0.0%	-100.0%
% Foreign Born	0.0%	-100.0%

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Mortgage and Risk — Penfield, IL

Penfield, 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 — Penfield, IL

Penfield, 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

Penfield, IL—61862

Key Metrics at a Glance

Home Price Trends — Penfield, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Penfield, IL

% of Rental Stock

Property Listings — Penfield, IL

Demographics — Penfield, IL

Race and Ethnicity

Mortgage and Risk — Penfield, IL

Mortgages

Rentals and Section 8 — Penfield, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Penfield, IL

Home Price to Income Ratio

Penfield, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Gifford, IL

Gerald, IL

Royal

Rankin, IL

Potomac, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	N/A
Median Home Price	N/A
Median Household Income	$108,000

Penfield, IL—61862

Key Metrics at a Glance

Home Price Trends — Penfield, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Penfield, IL

% of Rental Stock

Property Listings — Penfield, IL

Demographics — Penfield, IL

Race and Ethnicity

Mortgage and Risk — Penfield, IL

Mortgages

Rentals and Section 8 — Penfield, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Penfield, IL

Home Price to Income Ratio

Penfield, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Gifford, IL

Gerald, IL

Royal

Rankin, IL

Potomac, IL

Frequently Asked Questions

What is the average home price in Penfield, IL 61862?

How have home prices in Penfield, IL 61862 changed over the past year?

What is the home price projection for Penfield, IL 61862?

What are the demographics of Penfield, IL 61862?

How long does it take homes to sell in Penfield, IL 61862?

What is the average rent price in Penfield, IL 61862?