Ogles, IL—62223
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ogles, IL
As of Oct '25, the median home price in Ogles, IL is $176,000, with a year-over-year change of 3.8%. This indicates that home prices in Ogles, IL are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $176,000 | 3.8% |
| Single Family | $179,000 | 4.7% |
| Condos | $127,000 | 5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $141,000 | 6.0% |
3 Bed | $193,000 | 6.0% |
4 Bed | $268,000 | 4.3% |
| 5 Bed | $346,000 | 3.3% |
% of Housing Stock
Rental Trends — Ogles, IL
As of July '25, Rentcast reports the average rent in Ogles, IL is $1,090, with a year-over-year rent change of -14.2%. Per bedroom, the median rent as of July '25 in Ogles, IL is studios: $1,740, 1-bedrooms: $802, 2-bedrooms: $927, 3-bedrooms: $1,590, 4-bedrooms: $1,500. The most common rental property sizes in Ogles, IL are 2-bedroom and 3-bedroom, accounting for 37.3% and 25.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $935 | $1,090 |
| Studio Rent | $1,740 | $1,740 |
| 1 Bed Rent | $700 | $802 |
| 2 Bed Rent | $870 | $927 |
| 3 Bed Rent | $1,600 | $1,590 |
| 4 Bed Rent | $1,500 | $1,500 |
% of Rental Stock
Property Listings — Ogles, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Ogles, IL is 44. This is a increase of 31.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $187,000 | -11.0% |
Listing Count | 81 | 5.0% |
| Listings as % of Homes | 0.5% | 5.0% |
Days on Market | 44 | 31.0% |
Demographics — Ogles, IL
As of the latest ACS Survey released in 2023, Ogles, IL has a population of 16,300, which has remained stable by -0.2% over the past 5 years. Ogles, IL is a moderately popular place for families, as children make up 19.2% of the population. The area has a moderately educated workforce, with 33.2% 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 | 16,300 | -0.2% |
% Under 18 | 19.2% | -5.0% |
% Seniors | 20.1% | 6.9% |
% WFH | 12.5% | 380.8% |
% w/ College Degree | 33.2% | 2.2% |
As of the latest ACS Survey released in 2023, Ogles, IL is a predominantly white area, with 61.9% of the population identifying as white. The white population has shrunk by 15.3% in the last 5 years. The second most common race or ethnicity in Ogles, IL is black, making up 26.5% of the population. Foreign-born residents account for 2.2% of the population in Ogles, IL, and this percentage has increased by 29.4% 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 | 61.9% | -15.3% |
% Black | 26.5% | 22.1% |
% Hispanic | 4.5% | 60.7% |
% Asian | 0.5% | 25.0% |
% Foreign Born | 2.2% | 29.4% |
Mortgage and Risk — Ogles, IL
According to HUD data as of 2023, there were 365 mortgage originations in Ogles, IL, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Ogles, IL. Investor activity is low, as 4.0% 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 | 365 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Ogles, IL
As of 2024, the percent of homes in Ogles, IL under the Section 8 program is 10.8%. 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 and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Ogles, IL, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 247 |
Total Units Section 8 | 185 |
% Rentals under Section 8 | 10.8% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $700 | $950 |
| 2 Bedroom | $300 | $870 | $1,170 |
| 3 Bedroom | -$90 | $1,600 | $1,510 |
| 4 Bedroom | $240 | $1,500 | $1,740 |
Affordability — Ogles, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $176,000 |
| Median Household Income | $69,600 |