Breese, IL—62230
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Breese, IL
As of Oct '25, the median home price in Breese, IL is $251,000, with a year-over-year change of 7.8%. This indicates that home prices in Breese, IL are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $251,000 | 7.8% |
| Single Family | $252,000 | 8.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $194,000 | 8.4% |
3 Bed | $248,000 | 7.8% |
4 Bed | $323,000 | 6.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Breese, IL
As of July '25, Rentcast reports the average rent in Breese, IL is $896, with a year-over-year rent change of 19.5%. Per bedroom, the median rent as of July '25 in Breese, IL is 2-bedrooms: $546, 3-bedrooms: $1,600. The most common rental property sizes in Breese, IL are 2-bedroom and 1-bedroom, accounting for 44.3% and 21.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $548 | $896 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $545 | $546 |
| 3 Bed Rent | $1,600 | $1,600 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Breese, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Breese, IL is 41. This is a decrease of -45.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $310,000 | 5.0% |
Listing Count | 11 | 0.0% |
| Listings as % of Homes | 0.2% | 0.0% |
Days on Market | 41 | -45.0% |
Demographics — Breese, IL
As of the latest ACS Survey released in 2023, Breese, IL has a population of 6,410, which has increased by 2.0% over the past 5 years. Breese, IL is a moderately popular place for families, as children make up 21.5% of the population. The area has a moderately educated workforce, with 28.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,410 | 2.0% |
% Under 18 | 21.5% | -1.4% |
% Seniors | 19.0% | 23.4% |
% WFH | 18.0% | 1,025.0% |
% w/ College Degree | 28.7% | 5.9% |
As of the latest ACS Survey released in 2023, Breese, IL is a predominantly white area, with 94.4% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Breese, IL is hispanic, making up 3.6% of the population. Foreign-born residents account for 4.3% of the population in Breese, IL, and this percentage has increased by 186.7% 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 | 94.4% | -2.2% |
% Black | 0.2% | 100.0% |
% Hispanic | 3.6% | 157.1% |
% Asian | 0.6% | -33.3% |
% Foreign Born | 4.3% | 186.7% |
Mortgage and Risk — Breese, IL
According to HUD data as of 2023, there were 161 mortgage originations in Breese, IL, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Breese, IL. Investor activity is low, as 7.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 161 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Breese, IL
Breese, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 19 |
Total Units Section 8 | 19 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 69.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $880 |
| 2 Bedroom | $545 | $545 | $1,090 |
| 3 Bedroom | -$190 | $1,600 | $1,410 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Breese, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $251,000 |
| Median Household Income | $81,800 |