Ridge Farm, IL 61870 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ridge Farm, IL—61870

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$98,000

1.7% YoY Growth

Household Income

$50,100

5.0% YoY Growth

Days on Market

27.0% Longer YoY

Home Price Forecast

-1.3%

Median Rent

$795

N/A

1-Bed Rent

$795

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,100

N/A

Home Price Trends — Ridge Farm, IL

As of May '26, the median home price in Ridge Farm, IL is $98,000, with a year-over-year change of 1.7%. This indicates that home prices in Ridge Farm, IL are increasing. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$98,000	1.7%
Single Family	$98,000	1.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

11.0%

1 Bedroom

22.0%

2 Bedrooms

30.3%

3 Bedrooms

28.4%

4 Bedrooms

8.3%

Property Listings — Ridge Farm, IL

As of May '26, Realtor.com reports that the median days on market for a home in Ridge Farm, IL is 46. This is a increase of 27.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$194,000	43.0%
Listing Count	1	25.0%
Listings as % of Homes	0.8%	25.0%
Days on Market	46	27.0%

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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%

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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%

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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%

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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

Ridge Farm, IL—61870

Key Metrics at a Glance

Home Price Trends — Ridge Farm, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ridge Farm, IL

% of Rental Stock

Property Listings — Ridge Farm, IL

Demographics — Ridge Farm, IL

Race and Ethnicity

Mortgage and Risk — Ridge Farm, IL

Mortgages

Rentals and Section 8 — Ridge Farm, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Ridge Farm, IL

Home Price to Income Ratio

Ridge Farm, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Georgetown, IL

Sidell, IL

Westville, IL

Dana, IN

Cayuga, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2
Median Home Price	$98,000
Median Household Income	$50,100

Ridge Farm, IL—61870

Key Metrics at a Glance

Home Price Trends — Ridge Farm, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ridge Farm, IL

% of Rental Stock

Property Listings — Ridge Farm, IL

Demographics — Ridge Farm, IL

Race and Ethnicity

Mortgage and Risk — Ridge Farm, IL

Mortgages

Rentals and Section 8 — Ridge Farm, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Ridge Farm, IL

Home Price to Income Ratio

Ridge Farm, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Georgetown, IL

Sidell, IL

Westville, IL

Dana, IN

Cayuga, IN

Frequently Asked Questions

What is the average home price in Ridge Farm, IL 61870?

How have home prices in Ridge Farm, IL 61870 changed over the past year?

What is the home price projection for Ridge Farm, IL 61870?

What are the demographics of Ridge Farm, IL 61870?

How long does it take homes to sell in Ridge Farm, IL 61870?

What is the average rent price in Ridge Farm, IL 61870?