Godfrey, IL—62035
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Godfrey, IL
As of Oct '25, the median home price in Godfrey, IL is $207,000, with a year-over-year change of 3.4%. This indicates that home prices in Godfrey, IL are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $207,000 | 3.4% |
| Single Family | $206,000 | 3.0% |
| Condos | $234,000 | 6.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $190,000 | 3.3% |
2 Bed | $164,000 | 5.1% |
3 Bed | $193,000 | 3.8% |
4 Bed | $229,000 | 3.2% |
| 5 Bed | $290,000 | 2.5% |
% of Housing Stock
Rental Trends — Godfrey, IL
As of July '25, Rentcast reports the average rent in Godfrey, IL is $1,180, with a year-over-year rent change of -20.3%. Per bedroom, the median rent as of July '25 in Godfrey, IL is 2-bedrooms: $938, 3-bedrooms: $1,420. The most common rental property sizes in Godfrey, IL are 2-bedroom and 3-bedroom, accounting for 62.7% and 25.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,180 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $925 | $938 |
| 3 Bed Rent | $1,150 | $1,420 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Godfrey, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Godfrey, IL is 38. This is a decrease of -8.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $240,000 | 24.0% |
Listing Count | 55 | -10.0% |
| Listings as % of Homes | 0.7% | -10.0% |
Days on Market | 38 | -8.0% |
Demographics — Godfrey, IL
As of the latest ACS Survey released in 2023, Godfrey, IL has a population of 15,900, which has decreased by -3.7% over the past 5 years. Godfrey, IL is a moderately popular place for families, as children make up 17.2% of the population. The area has a moderately educated workforce, with 33.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,900 | -3.7% |
% Under 18 | 17.2% | -15.7% |
% Seniors | 25.4% | 13.9% |
% WFH | 12.5% | 278.8% |
% w/ College Degree | 33.0% | 27.4% |
As of the latest ACS Survey released in 2023, Godfrey, IL is a predominantly white area, with 88.0% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Godfrey, IL is black, making up 5.2% of the population. Foreign-born residents account for 0.8% of the population in Godfrey, IL, and this percentage has decreased by 38.5% 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 | 88.0% | -0.9% |
% Black | 5.2% | -39.5% |
% Hispanic | 1.6% | 14.3% |
% Asian | 0.8% | 60.0% |
% Foreign Born | 0.8% | -38.5% |
Mortgage and Risk — Godfrey, IL
According to HUD data as of 2023, there were 143 mortgage originations in Godfrey, IL, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Godfrey, 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 | 143 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Godfrey, IL
Godfrey, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 65 |
Total Units Section 8 | 65 |
% Rentals under Section 8 | 6.7% |
% Occupied Section 8 | 69.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,050 |
| 2 Bedroom | $365 | $925 | $1,290 |
| 3 Bedroom | $520 | $1,150 | $1,670 |
| 4 Bedroom | N/A | N/A | $1,920 |
Affordability — Godfrey, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $207,000 |
| Median Household Income | $91,700 |