Godfrey, IL 62035 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Godfrey, IL—62035

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$220,000

6.1% YoY Growth

Household Income

$91,700

37.9% YoY Growth

Days on Market

135.0% Longer YoY

Home Price Forecast

0.6%

Median Rent

$950

20.3% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$925

28.9% YoY Growth

3-Bed Rent

$1,150

20.7% YoY Growth

Home Price Trends — Godfrey, IL

As of May '26, the median home price in Godfrey, IL is $220,000, with a year-over-year change of 6.1%. This indicates that home prices in Godfrey, IL are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$220,000	6.1%
Single Family	$219,000	6.3%
Condos	$248,000	10.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

11.4%

2 Bedrooms

62.7%

3 Bedrooms

25.8%

Property Listings — Godfrey, IL

As of May '26, Realtor.com reports that the median days on market for a home in Godfrey, IL is 31. This is a increase of 135.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$215,000	-7.0%
Listing Count	40	2.0%
Listings as % of Homes	0.7%	2.0%
Days on Market	31	135.0%

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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%

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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%

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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%

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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

Godfrey, IL—62035

Key Metrics at a Glance

Home Price Trends — Godfrey, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Godfrey, IL

% of Rental Stock

Property Listings — Godfrey, IL

Demographics — Godfrey, IL

Race and Ethnicity

Mortgage and Risk — Godfrey, IL

Mortgages

Rentals and Section 8 — Godfrey, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Godfrey, IL

Home Price to Income Ratio

Godfrey, IL — ZIP Code Boundary Map

Nearby ZIP Codes

West Alton, MO

Dow, IL

Alton, IL

Elsah, IL

Brighton, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2
Median Home Price	$220,000
Median Household Income	$91,700

Godfrey, IL—62035

Key Metrics at a Glance

Home Price Trends — Godfrey, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Godfrey, IL

% of Rental Stock

Property Listings — Godfrey, IL

Demographics — Godfrey, IL

Race and Ethnicity

Mortgage and Risk — Godfrey, IL

Mortgages

Rentals and Section 8 — Godfrey, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Godfrey, IL

Home Price to Income Ratio

Godfrey, IL — ZIP Code Boundary Map

Nearby ZIP Codes

West Alton, MO

Dow, IL

Alton, IL

Elsah, IL

Brighton, IL

Frequently Asked Questions

What is the average home price in Godfrey, IL 62035?

How have home prices in Godfrey, IL 62035 changed over the past year?

What is the home price projection for Godfrey, IL 62035?

What are the demographics of Godfrey, IL 62035?

How long does it take homes to sell in Godfrey, IL 62035?

What is the average rent price in Godfrey, IL 62035?