Bunker Hill, IL—62014
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bunker Hill, IL
As of Oct '25, the median home price in Bunker Hill, IL is $167,000, with a year-over-year change of -1.0%. This indicates that home prices in Bunker Hill, IL are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $167,000 | -1.0% |
| Single Family | $167,000 | -2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $178,000 | 1.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bunker Hill, IL
Bunker Hill, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bunker Hill, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Bunker Hill, IL is 33. This is a decrease of -76.0% 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 67.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $285,000 | 53.0% |
Listing Count | 9 | 100.0% |
| Listings as % of Homes | 0.6% | 100.0% |
Days on Market | 33 | -76.0% |
Demographics — Bunker Hill, IL
As of the latest ACS Survey released in 2023, Bunker Hill, IL has a population of 3,700, which has decreased by -10.6% over the past 5 years. Bunker Hill, IL is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 15.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,700 | -10.6% |
% Under 18 | 22.5% | 11.4% |
% Seniors | 14.5% | -16.7% |
% WFH | 6.6% | 11.9% |
% w/ College Degree | 15.9% | -10.2% |
As of the latest ACS Survey released in 2023, Bunker Hill, IL is a predominantly white area, with 92.1% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Bunker Hill, IL is hispanic, making up 3.0% of the population. Foreign-born residents account for 0.5% of the population in Bunker Hill, IL, and this percentage has increased by 66.7% 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 | 92.1% | -5.0% |
% Black | 0.7% | 250.0% |
% Hispanic | 3.0% | 114.3% |
% Asian | 0.5% | ∞% |
% Foreign Born | 0.5% | 66.7% |
Mortgage and Risk — Bunker Hill, IL
According to HUD data as of 2023, there were 78 mortgage originations in Bunker Hill, IL, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Bunker Hill, IL. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 78 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Bunker Hill, IL
Bunker Hill, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 39 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 6.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | N/A | N/A | $990 |
| 3 Bedroom | N/A | N/A | $1,270 |
| 4 Bedroom | N/A | N/A | $1,520 |
Affordability — Bunker Hill, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $167,000 |
| Median Household Income | $82,600 |