Philo, IL—61864
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Philo, IL
As of Oct '25, the median home price in Philo, IL is $246,000, with a year-over-year change of 6.2%. This indicates that home prices in Philo, IL are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $246,000 | 6.2% |
| Single Family | $246,000 | 6.5% |
| 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 | $237,000 | 5.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Philo, IL
As of July '25, Rentcast reports the average rent in Philo, IL is $1,980, with a year-over-year rent change of 214.3%. Per bedroom, the median rent as of July '25 in Philo, IL is 3-bedrooms: $1,980. The most common rental property sizes in Philo, IL are 3-bedroom and 4-bedroom, accounting for 68.7% and 17.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,980 | $1,980 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,980 | $1,980 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Philo, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Philo, IL is 11. This is a decrease of -49.0% 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 | $587,000 | 60.0% |
Listing Count | 3 | 25.0% |
| Listings as % of Homes | N/A | 25.0% |
Days on Market | 11 | -49.0% |
Demographics — Philo, IL
As of the latest ACS Survey released in 2023, Philo, IL has a population of 1,710, which has remained stable by -0.3% over the past 5 years. Philo, IL is a popular place for families, as children make up 30.1% of the population. The area has a moderately educated workforce, with 29.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,710 | -0.3% |
% Under 18 | 30.1% | 33.2% |
% Seniors | 17.2% | -7.0% |
% WFH | 8.3% | 186.2% |
% w/ College Degree | 29.0% | -20.3% |
As of the latest ACS Survey released in 2023, Philo, IL is a predominantly white area, with 98.2% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Philo, IL is asian, making up 0.8% of the population. Foreign-born residents account for 1.1% of the population in Philo, IL, and this percentage has increased by 450.0% 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 | 98.2% | -1.8% |
% Black | 0.0% | N/A |
% Hispanic | 0.5% | ∞% |
% Asian | 0.8% | ∞% |
% Foreign Born | 1.1% | 450.0% |
Mortgage and Risk — Philo, IL
Philo, 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 |
Loan Activity
No data available
Rentals and Section 8 — Philo, IL
Philo, 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 | $960 |
| 2 Bedroom | N/A | N/A | $1,140 |
| 3 Bedroom | -$500 | $1,980 | $1,480 |
| 4 Bedroom | N/A | N/A | $1,510 |
Affordability — Philo, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $246,000 |
| Median Household Income | $91,800 |