Belleville, IL—62226
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 $179,000, with a year-over-year change of 4.7%. This indicates that home prices in Belleville, 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 | $179,000 | 4.7% |
| Single Family | $182,000 | 5.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $69,000 | -4.2% |
2 Bed | $130,000 | 6.6% |
3 Bed | $190,000 | 6.1% |
4 Bed | $330,000 | 4.1% |
| 5 Bed | $424,000 | 3.9% |
% of Housing Stock
Rental Trends — Belleville, IL
As of July '25, Rentcast reports the average rent in Belleville, IL is $1,110, with a year-over-year rent change of -0.9%. Per bedroom, the median rent as of July '25 in Belleville, IL is studios: $650, 1-bedrooms: $813, 2-bedrooms: $976, 3-bedrooms: $1,380, 4-bedrooms: $2,580. The most common rental property sizes in Belleville, IL are 2-bedroom and 1-bedroom, accounting for 45.2% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $1,110 |
| Studio Rent | $650 | $650 |
| 1 Bed Rent | $780 | $813 |
| 2 Bed Rent | $800 | $976 |
| 3 Bed Rent | $1,400 | $1,380 |
| 4 Bed Rent | $2,000 | $2,580 |
% 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 84. This is a increase of 106.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $270,000 | 111.0% |
Listing Count | 133 | 39.0% |
| Listings as % of Homes | 0.7% | 39.0% |
Days on Market | 84 | 106.0% |
Demographics — Belleville, IL
As of the latest ACS Survey released in 2023, Belleville, IL has a population of 28,500, which has remained stable by -0.4% over the past 5 years. Belleville, IL is a moderately popular place for families, as children make up 19.6% of the population. The area has a moderately educated workforce, with 33.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,500 | -0.4% |
% Under 18 | 19.6% | -3.9% |
% Seniors | 18.0% | 1.7% |
% WFH | 9.4% | 154.1% |
% w/ College Degree | 33.1% | 11.8% |
As of the latest ACS Survey released in 2023, Belleville, IL is a predominantly white area, with 64.4% of the population identifying as white. The white population has shrunk by 9.3% in the last 5 years. The second most common race or ethnicity in Belleville, IL is black, making up 24.5% of the population. Foreign-born residents account for 4.1% of the population in Belleville, IL, and this percentage has increased by 28.1% 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 | 64.4% | -9.3% |
% Black | 24.5% | 12.9% |
% Hispanic | 2.6% | -23.5% |
% Asian | 2.3% | 155.6% |
% Foreign Born | 4.1% | 28.1% |
Mortgage and Risk — Belleville, IL
According to HUD data as of 2023, there were 263 mortgage originations in Belleville, IL, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Belleville, IL. Investor activity is low, as 8.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 263 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Belleville, IL
As of 2024, the percent of homes in Belleville, IL under the Section 8 program is 13.5%. 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 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Belleville, IL, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 679 |
Total Units Section 8 | 561 |
% Rentals under Section 8 | 13.5% |
% Occupied Section 8 | 82.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $780 | $880 |
| 2 Bedroom | $290 | $800 | $1,090 |
| 3 Bedroom | $10 | $1,400 | $1,410 |
| 4 Bedroom | -$360 | $2,000 | $1,640 |
Affordability — Belleville, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $179,000 |
| Median Household Income | $66,000 |