Sullivan, IL 61951 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Sullivan, IL—61951

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$188,000

8.0% YoY Growth

Household Income

$75,200

23.1% YoY Growth

Days on Market

61

43.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

$700

5.6% YoY Growth

1-Bed Rent

$700

N/A

2-Bed Rent

$650

11.7% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Sullivan, IL

Sullivan, IL lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$188,000	8.0%
Single Family	$188,000	7.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Sullivan, IL

As of July '25, Rentcast reports the average rent in Sullivan, IL is $855, with a year-over-year rent change of -5.6%. Per bedroom, the median rent as of July '25 in Sullivan, IL is 1-bedrooms: $700, 2-bedrooms: $894. The most common rental property sizes in Sullivan, IL are 2-bedroom and 3-bedroom, accounting for 37.8% and 31.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$700	$855
Studio Rent	N/A	N/A
1 Bed Rent	$700	$700
2 Bed Rent	$650	$894
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

3.0%

1 Bedroom

21.7%

2 Bedrooms

37.8%

3 Bedrooms

31.6%

4 Bedrooms

5.9%

Property Listings — Sullivan, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Sullivan, IL is 30. This is a decrease of -47.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$174,000	-6.0%
Listing Count	11	-25.0%
Listings as % of Homes	0.4%	-25.0%
Days on Market	61	-43.0%

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Demographics — Sullivan, IL

As of the latest ACS Survey released in 2023, Sullivan, IL has a population of 7,650, which has decreased by -3.8% over the past 5 years. Sullivan, IL is a popular place for families, as children make up 25.2% of the population. The area has a poorly educated workforce, with 22.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,650	-3.8%
% Under 18	25.2%	13.5%
% Seniors	18.5%	-8.4%
% WFH	4.4%	-13.7%
% w/ College Degree	22.2%	-3.5%

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As of the latest ACS Survey released in 2023, Sullivan, IL is a predominantly white area, with 96.6% of the population identifying as white. The white population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Sullivan, IL is black, making up 1.4% of the population. Foreign-born residents account for 0.6% of the population in Sullivan, IL, and this percentage has decreased by 60.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	96.6%	0.8%
% Black	1.4%	100.0%
% Hispanic	0.8%	-60.0%
% Asian	0.2%	-33.3%
% Foreign Born	0.6%	-60.0%

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Mortgage and Risk — Sullivan, IL

According to HUD data as of 2023, there were 83 mortgage originations in Sullivan, IL, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Sullivan, IL. Investor activity is low, as 8.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	83
% Conventional Loans	63.0%
% Government Loans	37.0%
% Investor Loans	8.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Sullivan, IL

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

Section 8 Market Size

Total Units under HUD	48
Total Units Section 8	48
% Rentals under Section 8	N/A
% Occupied Section 8	76.1%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$30	$700	$730
2 Bedroom	$300	$650	$950
3 Bedroom	N/A	N/A	$1,330
4 Bedroom	N/A	N/A	$1,600

Sullivan, IL—61951

Key Metrics at a Glance

Home Price Trends — Sullivan, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sullivan, IL

% of Rental Stock

Property Listings — Sullivan, IL

Demographics — Sullivan, IL

Race and Ethnicity

Mortgage and Risk — Sullivan, IL

Mortgages

Rentals and Section 8 — Sullivan, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Sullivan, IL

Home Price to Income Ratio

Sullivan, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Gays, IL

Arthur, IL

Lovington, IL

Humboldt, IL

Hammond, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2
Median Home Price	$188,000
Median Household Income	$75,200

Sullivan, IL—61951

Key Metrics at a Glance

Home Price Trends — Sullivan, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sullivan, IL

% of Rental Stock

Property Listings — Sullivan, IL

Demographics — Sullivan, IL

Race and Ethnicity

Mortgage and Risk — Sullivan, IL

Mortgages

Rentals and Section 8 — Sullivan, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Sullivan, IL

Home Price to Income Ratio

Sullivan, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Gays, IL

Arthur, IL

Lovington, IL

Humboldt, IL

Hammond, IL

Frequently Asked Questions

What is the average home price in Sullivan, IL 61951?

How have home prices in Sullivan, IL 61951 changed over the past year?

What is the home price projection for Sullivan, IL 61951?

What are the demographics of Sullivan, IL 61951?

How long does it take homes to sell in Sullivan, IL 61951?

What is the average rent price in Sullivan, IL 61951?