Gillespie, IL—62033
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gillespie, IL
As of Oct '25, the median home price in Gillespie, IL is $105,000, with a year-over-year change of 0.1%. This indicates that home prices in Gillespie, IL are flat. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $105,000 | 0.1% |
| Single Family | $105,000 | -0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $93,000 | 5.7% |
3 Bed | $135,000 | 4.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gillespie, IL
Gillespie, 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 — Gillespie, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Gillespie, IL is 43. This is a decrease of -17.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $128,000 | 37.0% |
Listing Count | 19 | 0.0% |
| Listings as % of Homes | 0.6% | 0.0% |
Days on Market | 43 | -17.0% |
Demographics — Gillespie, IL
As of the latest ACS Survey released in 2023, Gillespie, IL has a population of 4,400, which has decreased by -2.6% over the past 5 years. Gillespie, IL is a moderately popular place for families, as children make up 21.8% of the population. The area has a poorly educated workforce, with 18.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,400 | -2.6% |
% Under 18 | 21.8% | 20.4% |
% Seniors | 22.4% | 1.4% |
% WFH | 10.0% | 100.0% |
% w/ College Degree | 18.0% | 40.6% |
As of the latest ACS Survey released in 2023, Gillespie, IL is a predominantly white area, with 93.0% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Gillespie, IL is hispanic, making up 0.8% of the population. Foreign-born residents account for 0.2% of the population in Gillespie, IL, and this percentage has decreased by 88.9% 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 | 93.0% | -1.1% |
% Black | 0.3% | 50.0% |
% Hispanic | 0.8% | -57.9% |
% Asian | 0.1% | -95.2% |
% Foreign Born | 0.2% | -88.9% |
Mortgage and Risk — Gillespie, IL
According to HUD data as of 2023, there were 114 mortgage originations in Gillespie, IL, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Gillespie, IL. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 114 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Gillespie, IL
Gillespie, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 84 |
Total Units Section 8 | 40 |
% Rentals under Section 8 | 8.3% |
% Occupied Section 8 | 66.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $660 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,120 |
| 4 Bedroom | N/A | N/A | $1,340 |
Affordability — Gillespie, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.4 |
| Median Home Price | $105,000 |
| Median Household Income | $75,500 |