Arcola, IL—61910
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Arcola, IL
Arcola, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $152,000 | 7.4% |
| Single Family | $152,000 | 7.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $106,000 | 7.1% |
3 Bed | $148,000 | 6.5% |
4 Bed | $198,000 | 7.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Arcola, IL
As of July '25, Rentcast reports the average rent in Arcola, IL is $650, with a year-over-year rent change of 30.0%. Per bedroom, the median rent as of July '25 in Arcola, IL is 2-bedrooms: $650. The most common rental property sizes in Arcola, IL are 2-bedroom and 3-bedroom, accounting for 41.1% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $650 | $650 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $650 | $650 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Arcola, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Arcola, IL is 12. This is a decrease of -26.0% 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 | $200,000 | 18.0% |
Listing Count | 6 | 325.0% |
| Listings as % of Homes | 0.6% | 325.0% |
Days on Market | 12 | -26.0% |
Demographics — Arcola, IL
As of the latest ACS Survey released in 2023, Arcola, IL has a population of 4,910, which has increased by 16.2% over the past 5 years. Arcola, IL is a popular place for families, as children make up 28.6% of the population. The area has a poorly educated workforce, with 16.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,910 | 16.2% |
% Under 18 | 28.6% | 2.9% |
% Seniors | 15.1% | -3.2% |
% WFH | 4.9% | -38.0% |
% w/ College Degree | 16.7% | 1.8% |
As of the latest ACS Survey released in 2023, Arcola, IL is a predominantly white area, with 68.9% of the population identifying as white. The white population has shrunk by 8.3% in the last 5 years. The second most common race or ethnicity in Arcola, IL is hispanic, making up 28.7% of the population. Foreign-born residents account for 8.5% of the population in Arcola, IL, and this percentage has increased by 2.4% 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 | 68.9% | -8.3% |
% Black | 1.7% | 183.3% |
% Hispanic | 28.7% | 22.6% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 8.5% | 2.4% |
Mortgage and Risk — Arcola, IL
According to HUD data as of 2023, there were 35 mortgage originations in Arcola, IL, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Arcola, IL. Investor activity is low, as 9.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 35 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Arcola, IL
Arcola, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 21 |
Total Units Section 8 | 21 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 66.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | $240 | $650 | $890 |
| 3 Bedroom | N/A | N/A | $1,200 |
| 4 Bedroom | N/A | N/A | $1,270 |
Affordability — Arcola, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.5 |
| Median Home Price | $152,000 |
| Median Household Income | $83,200 |