Ridge Farm, IL—61870
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ridge Farm, IL
As of Oct '25, the median home price in Ridge Farm, IL is $93,000, with a year-over-year change of 1.6%. This indicates that home prices in Ridge Farm, IL are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $93,000 | 1.6% |
| Single Family | $93,000 | 4.5% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ridge Farm, IL
Ridge Farm, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $795 | $895 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $795 | $795 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,100 | $1,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ridge Farm, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Ridge Farm, IL is 107. This is a increase of 123.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $98,700 | -43.0% |
Listing Count | 5 | 220.0% |
| Listings as % of Homes | 0.8% | 220.0% |
Days on Market | 107 | 123.0% |
Demographics — Ridge Farm, IL
As of the latest ACS Survey released in 2023, Ridge Farm, IL has a population of 1,150, which has decreased by -12.7% over the past 5 years. Ridge Farm, IL is a popular place for families, as children make up 26.5% of the population. The area has a poorly educated workforce, with 10.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,150 | -12.7% |
% Under 18 | 26.5% | 18.8% |
% Seniors | 20.9% | 36.6% |
% WFH | 7.7% | 1,183.3% |
% w/ College Degree | 10.8% | -6.1% |
As of the latest ACS Survey released in 2023, Ridge Farm, IL is a predominantly white area, with 94.9% of the population identifying as white. The white population has grown by 2.2% in the last 5 years. The second most common race or ethnicity in Ridge Farm, IL is hispanic, making up 2.3% of the population. Foreign-born residents account for 1.0% of the population in Ridge Farm, IL, and this percentage has increased by 400.0% 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 | 94.9% | 2.2% |
% Black | 1.0% | ∞% |
% Hispanic | 2.3% | -54.9% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.0% | 400.0% |
Mortgage and Risk — Ridge Farm, IL
According to HUD data as of 2023, there were 29 mortgage originations in Ridge Farm, IL, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 52.0% above 90% LTV (very high). This implies large mortgage risk in Ridge Farm, IL. Investor activity is low, as 3.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 29 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Ridge Farm, IL
Ridge Farm, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$15 | $795 | $780 |
| 2 Bedroom | N/A | N/A | $1,020 |
| 3 Bedroom | $150 | $1,100 | $1,250 |
| 4 Bedroom | N/A | N/A | $1,380 |
Affordability — Ridge Farm, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $93,000 |
| Median Household Income | $50,100 |