Shiloh, IL—62221
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shiloh, IL
As of Oct '25, the median home price in Shiloh, IL is $244,000, with a year-over-year change of 4.8%. This indicates that home prices in Shiloh, IL are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $244,000 | 4.8% |
| Single Family | $247,000 | 4.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $140,000 | 6.1% |
3 Bed | $241,000 | 5.2% |
4 Bed | $346,000 | 4.2% |
| 5 Bed | $426,000 | 3.4% |
% of Housing Stock
Rental Trends — Shiloh, IL
As of July '25, Rentcast reports the average rent in Shiloh, IL is $1,490, with a year-over-year rent change of -3.9%. Per bedroom, the median rent as of July '25 in Shiloh, IL is studios: $845, 1-bedrooms: $873, 2-bedrooms: $1,090, 3-bedrooms: $1,850, 4-bedrooms: $2,540. The most common rental property sizes in Shiloh, IL are 2-bedroom and 1-bedroom, accounting for 38.8% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,490 |
| Studio Rent | $845 | $845 |
| 1 Bed Rent | $875 | $873 |
| 2 Bed Rent | $1,100 | $1,090 |
| 3 Bed Rent | $1,680 | $1,850 |
| 4 Bed Rent | $2,300 | $2,540 |
% of Rental Stock
Property Listings — Shiloh, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Shiloh, IL is 52. This is a increase of 38.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $270,000 | 13.0% |
Listing Count | 106 | 14.0% |
| Listings as % of Homes | 0.6% | 14.0% |
Days on Market | 52 | 38.0% |
Demographics — Shiloh, IL
As of the latest ACS Survey released in 2023, Shiloh, IL has a population of 29,300, which has decreased by -2.2% over the past 5 years. Shiloh, IL is a moderately popular place for families, as children make up 24.6% of the population. The area has a moderately educated workforce, with 36.6% 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 | 29,300 | -2.2% |
% Under 18 | 24.6% | 6.0% |
% Seniors | 14.7% | 8.9% |
% WFH | 12.3% | 223.7% |
% w/ College Degree | 36.6% | 6.1% |
As of the latest ACS Survey released in 2023, Shiloh, IL is a predominantly white area, with 56.3% of the population identifying as white. The white population has shrunk by 13.8% in the last 5 years. The second most common race or ethnicity in Shiloh, IL is black, making up 31.5% of the population. Foreign-born residents account for 3.3% of the population in Shiloh, IL, and this percentage has decreased by 19.5% 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 | 56.3% | -13.8% |
% Black | 31.5% | 27.0% |
% Hispanic | 3.2% | -28.9% |
% Asian | 2.0% | -16.7% |
% Foreign Born | 3.3% | -19.5% |
Mortgage and Risk — Shiloh, IL
According to HUD data as of 2023, there were 288 mortgage originations in Shiloh, IL, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Shiloh, IL. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 288 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Shiloh, IL
As of 2024, the percent of homes in Shiloh, IL under the Section 8 program is 8.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Shiloh, IL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 382 |
Total Units Section 8 | 382 |
% Rentals under Section 8 | 8.9% |
% Occupied Section 8 | 85.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $125 | $875 | $1,000 |
| 2 Bedroom | $130 | $1,100 | $1,230 |
| 3 Bedroom | -$90 | $1,680 | $1,590 |
| 4 Bedroom | -$470 | $2,300 | $1,830 |
Affordability — Shiloh, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $244,000 |
| Median Household Income | $78,600 |