Rantoul, IL 61866 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Rantoul, IL—61866

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$138,000

9.9% YoY Growth

Household Income

$51,400

19.4% YoY Growth

Days on Market

112.0% Longer YoY

Home Price Forecast

2.8%

Median Rent

$675

7.4% YoY Growth

1-Bed Rent

$650

19.6% YoY Growth

2-Bed Rent

$695

9.5% YoY Growth

3-Bed Rent

$810

32.5% YoY Growth

Home Price Trends — Rantoul, IL

As of Dec '25, the median home price in Rantoul, IL is $138,000, with a year-over-year change of 9.9%. This indicates that home prices in Rantoul, IL are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$138,000	9.9%
Single Family	$138,000	9.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Rantoul, IL

As of July '25, Rentcast reports the average rent in Rantoul, IL is $673, with a year-over-year rent change of -7.4%. Per bedroom, the median rent as of July '25 in Rantoul, IL is 1-bedrooms: $654, 2-bedrooms: $677, 3-bedrooms: $688. The most common rental property sizes in Rantoul, IL are 3-bedroom and 2-bedroom, accounting for 48.6% and 26.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$675	$673
Studio Rent	N/A	N/A
1 Bed Rent	$650	$654
2 Bed Rent	$695	$677
3 Bed Rent	$810	$688
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

1.7%

1 Bedroom

14.9%

2 Bedrooms

26.7%

3 Bedrooms

48.6%

4 Bedrooms

7.5%

5+ Bedrooms

0.6%

Property Listings — Rantoul, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Rantoul, IL is 58. This is a increase of 63.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$147,000	14.0%
Listing Count	31	70.0%
Listings as % of Homes	0.5%	70.0%
Days on Market	77	112.0%

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Demographics — Rantoul, IL

As of the latest ACS Survey released in 2023, Rantoul, IL has a population of 13,400, which has decreased by -6.2% over the past 5 years. Rantoul, IL is a popular place for families, as children make up 28.3% of the population. The area has a poorly educated workforce, with 12.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	13,400	-6.2%
% Under 18	28.3%	-7.5%
% Seniors	13.3%	0.8%
% WFH	10.5%	183.8%
% w/ College Degree	12.7%	-33.9%

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As of the latest ACS Survey released in 2023, Rantoul, IL is a predominantly white area, with 47.7% of the population identifying as white. The white population has shrunk by 24.9% in the last 5 years. The second most common race or ethnicity in Rantoul, IL is hispanic, making up 21.5% of the population. Foreign-born residents account for 9.0% of the population in Rantoul, IL, and this percentage has increased by 76.5% 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	47.7%	-24.9%
% Black	20.2%	1.5%
% Hispanic	21.5%	97.2%
% Asian	0.8%	-65.2%
% Foreign Born	9.0%	76.5%

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Mortgage and Risk — Rantoul, IL

According to HUD data as of 2023, there were 147 mortgage originations in Rantoul, IL, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 54.0% above 90% LTV (very high). This implies large mortgage risk in Rantoul, IL. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	147
% Conventional Loans	55.0%
% Government Loans	45.0%
% Investor Loans	5.0%
% Second Loans	1.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Rantoul, IL

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

Section 8 Market Size

Total Units under HUD	115
Total Units Section 8	102
% Rentals under Section 8	3.6%
% Occupied Section 8	83.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$180	$650	$830
2 Bedroom	$285	$695	$980
3 Bedroom	$460	$810	$1,270
4 Bedroom	N/A	N/A	$1,300

Rantoul, IL—61866

Key Metrics at a Glance

Home Price Trends — Rantoul, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Rantoul, IL

% of Rental Stock

Property Listings — Rantoul, IL

Demographics — Rantoul, IL

Race and Ethnicity

Mortgage and Risk — Rantoul, IL

Mortgages

Rentals and Section 8 — Rantoul, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Rantoul, IL

Home Price to Income Ratio

Rantoul, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Thomasboro, IL

Ludlow, IL

Paxton, IL

Gifford, IL

Dewey, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.1
Median Home Price	$138,000
Median Household Income	$51,400

Rantoul, IL—61866

Key Metrics at a Glance

Home Price Trends — Rantoul, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Rantoul, IL

% of Rental Stock

Property Listings — Rantoul, IL

Demographics — Rantoul, IL

Race and Ethnicity

Mortgage and Risk — Rantoul, IL

Mortgages

Rentals and Section 8 — Rantoul, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Rantoul, IL

Home Price to Income Ratio

Rantoul, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Thomasboro, IL

Ludlow, IL

Paxton, IL

Gifford, IL

Dewey, IL

Frequently Asked Questions

What is the average home price in Rantoul, IL 61866?

How have home prices in Rantoul, IL 61866 changed over the past year?

What is the home price projection for Rantoul, IL 61866?

What are the demographics of Rantoul, IL 61866?

How long does it take homes to sell in Rantoul, IL 61866?

What is the average rent price in Rantoul, IL 61866?