Belleville, IL—62220
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Belleville, IL
Home Price Trends — Belleville, IL
As of Oct '25, the median home price in Belleville, IL is $148,000, with a year-over-year change of 3.2%. This indicates that home prices in Belleville, IL are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $148,000 | 3.2% |
| Single Family | $149,000 | 3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $119,000 | 7.2% |
3 Bed | $171,000 | 6.9% |
4 Bed | $263,000 | 5.2% |
| 5 Bed | $307,000 | 0.7% |
% of Housing Stock
Rental Trends — Belleville, IL
As of July '25, Rentcast reports the average rent in Belleville, IL is $1,470, with a year-over-year rent change of 18.5%. Per bedroom, the median rent as of July '25 in Belleville, IL is studios: $2,300, 1-bedrooms: $750, 2-bedrooms: $1,100, 3-bedrooms: $1,680, 4-bedrooms: $1,900. The most common rental property sizes in Belleville, IL are 2-bedroom and 1-bedroom, accounting for 40.4% and 27.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,470 |
| Studio Rent | $2,300 | $2,300 |
| 1 Bed Rent | $750 | $750 |
| 2 Bed Rent | $1,050 | $1,100 |
| 3 Bed Rent | $1,500 | $1,680 |
| 4 Bed Rent | $1,400 | $1,900 |
% of Rental Stock
Property Listings — Belleville, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Belleville, IL is 52. This is a increase of 20.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $157,000 | -30.0% |
Listing Count | 109 | 17.0% |
| Listings as % of Homes | 0.7% | 17.0% |
Days on Market | 52 | 20.0% |
Demographics — Belleville, IL
As of the latest ACS Survey released in 2023, Belleville, IL has a population of 19,400, which has increased by 6.0% over the past 5 years. Belleville, IL is a moderately popular place for families, as children make up 23.3% of the population. The area has a moderately educated workforce, with 28.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,400 | 6.0% |
% Under 18 | 23.3% | 5.9% |
% Seniors | 16.3% | 14.0% |
% WFH | 12.3% | 207.5% |
% w/ College Degree | 28.2% | 9.7% |
As of the latest ACS Survey released in 2023, Belleville, IL is a predominantly white area, with 67.1% of the population identifying as white. The white population has shrunk by 7.8% in the last 5 years. The second most common race or ethnicity in Belleville, IL is black, making up 22.4% of the population. Foreign-born residents account for 4.1% of the population in Belleville, IL, and this percentage has increased by 173.3% 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 | 67.1% | -7.8% |
% Black | 22.4% | 17.3% |
% Hispanic | 3.4% | 70.0% |
% Asian | 1.0% | -9.1% |
% Foreign Born | 4.1% | 173.3% |
Mortgage and Risk — Belleville, IL
According to HUD data as of 2023, there were 407 mortgage originations in Belleville, IL, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Belleville, IL. Investor activity is low, as 11.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 407 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 11.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Belleville, IL
As of 2024, the percent of homes in Belleville, IL under the Section 8 program is 15.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Belleville, IL, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 423 |
Total Units Section 8 | 375 |
% Rentals under Section 8 | 15.2% |
% Occupied Section 8 | 83.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $750 | $890 |
| 2 Bedroom | $50 | $1,050 | $1,100 |
| 3 Bedroom | -$80 | $1,500 | $1,420 |
| 4 Bedroom | $240 | $1,400 | $1,640 |
Affordability — Belleville, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $148,000 |
| Median Household Income | $65,300 |