Villa Grove, IL—61956
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Villa Grove, IL
Villa Grove, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $130,000 | 9.5% |
| Single Family | $130,000 | 8.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $87,000 | 6.1% |
3 Bed | $150,000 | 7.9% |
4 Bed | $187,000 | 7.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Villa Grove, IL
Villa Grove, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $900 | $900 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Villa Grove, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Villa Grove, IL is 96. This is a increase of 127.0% 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 | $86,000 | 1.0% |
Listing Count | 20 | 51.0% |
| Listings as % of Homes | 1.3% | 51.0% |
Days on Market | 96 | 127.0% |
Demographics — Villa Grove, IL
As of the latest ACS Survey released in 2023, Villa Grove, IL has a population of 3,050, which has increased by 12.4% over the past 5 years. Villa Grove, IL is a moderately popular place for families, as children make up 24.6% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,050 | 12.4% |
% Under 18 | 24.6% | 23.6% |
% Seniors | 16.1% | -26.8% |
% WFH | 3.5% | -30.0% |
% w/ College Degree | 21.2% | 8.2% |
As of the latest ACS Survey released in 2023, Villa Grove, IL is a predominantly white area, with 97.0% of the population identifying as white. The white population has grown by 8.0% in the last 5 years. The second most common race or ethnicity in Villa Grove, IL is asian, making up 1.4% of the population. Foreign-born residents account for 1.6% of the population in Villa Grove, IL, and this percentage has decreased by 52.9% 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 | 97.0% | 8.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.1% | -74.4% |
% Asian | 1.4% | 100.0% |
% Foreign Born | 1.6% | -52.9% |
Mortgage and Risk — Villa Grove, IL
According to HUD data as of 2023, there were 64 mortgage originations in Villa Grove, IL, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Villa Grove, IL. Investor activity is low, as 3.0% 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 | 64 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Villa Grove, IL
Villa Grove, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | $50 | $900 | $950 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,260 |
Affordability — Villa Grove, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.5 |
| Median Home Price | $130,000 |
| Median Household Income | $70,900 |