Huey, IL—62231
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Huey, IL
As of Oct '25, the median home price in Huey, IL is $173,000, with a year-over-year change of 7.6%. This indicates that home prices in Huey, IL are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $173,000 | 7.6% |
| Single Family | $173,000 | 8.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $132,000 | 6.5% |
3 Bed | $195,000 | 6.0% |
4 Bed | $290,000 | 5.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Huey, IL
Huey, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Huey, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Huey, IL is 43. This is a decrease of -6.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $180,000 | -1.0% |
Listing Count | 19 | -14.0% |
| Listings as % of Homes | 0.3% | -14.0% |
Days on Market | 43 | -6.0% |
Demographics — Huey, IL
As of the latest ACS Survey released in 2023, Huey, IL has a population of 6,520, which has decreased by -12.3% over the past 5 years. Huey, IL is a moderately popular place for families, as children make up 19.7% of the population. The area has a poorly educated workforce, with 24.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,520 | -12.3% |
% Under 18 | 19.7% | -4.4% |
% Seniors | 21.3% | 3.9% |
% WFH | 8.3% | 388.2% |
% w/ College Degree | 24.9% | 27.7% |
As of the latest ACS Survey released in 2023, Huey, IL is a predominantly white area, with 94.1% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Huey, IL is black, making up 1.4% of the population. Foreign-born residents account for 0.8% of the population in Huey, IL, and this percentage has decreased by 63.6% 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 | 94.1% | 1.3% |
% Black | 1.4% | -22.2% |
% Hispanic | 1.0% | -63.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.8% | -63.6% |
Mortgage and Risk — Huey, IL
According to HUD data as of 2023, there were 113 mortgage originations in Huey, IL, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Huey, IL. Investor activity is low, as 7.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 113 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 7.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Huey, IL
Huey, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 29 |
Total Units Section 8 | 29 |
% Rentals under Section 8 | 3.3% |
% Occupied Section 8 | 76.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $920 |
| 2 Bedroom | N/A | N/A | $1,140 |
| 3 Bedroom | N/A | N/A | $1,470 |
| 4 Bedroom | N/A | N/A | $1,690 |
Affordability — Huey, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $173,000 |
| Median Household Income | $80,700 |