Caseyville, IL—62232
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Caseyville, IL
As of Oct '25, the median home price in Caseyville, IL is $141,000, with a year-over-year change of -1.3%. This indicates that home prices in Caseyville, IL are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $141,000 | -1.3% |
| Single Family | $141,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $124,000 | -0.8% |
3 Bed | $178,000 | 4.1% |
4 Bed | $407,000 | 2.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Caseyville, IL
As of July '25, Rentcast reports the average rent in Caseyville, IL is $1,320, with a year-over-year rent change of -7.7%. Per bedroom, the median rent as of July '25 in Caseyville, IL is 1-bedrooms: $893, 2-bedrooms: $848, 3-bedrooms: $1,110, 4-bedrooms: $3,980. The most common rental property sizes in Caseyville, IL are 2-bedroom and 3-bedroom, accounting for 40.9% and 38.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $1,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $815 | $893 |
| 2 Bed Rent | $795 | $848 |
| 3 Bed Rent | $1,100 | $1,110 |
| 4 Bed Rent | $3,980 | $3,980 |
% of Rental Stock
Property Listings — Caseyville, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Caseyville, IL is 50. This is a decrease of -51.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | 12.0% |
Listing Count | 47 | -13.0% |
| Listings as % of Homes | 2.2% | -13.0% |
Days on Market | 50 | -51.0% |
Demographics — Caseyville, IL
As of the latest ACS Survey released in 2023, Caseyville, IL has a population of 7,480, which has increased by 11.6% over the past 5 years. Caseyville, IL is a moderately popular place for families, as children make up 17.1% of the population. The area has a poorly educated workforce, with 21.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,480 | 11.6% |
% Under 18 | 17.1% | -36.4% |
% Seniors | 13.2% | 0.8% |
% WFH | 4.8% | -9.4% |
% w/ College Degree | 21.8% | 10.7% |
As of the latest ACS Survey released in 2023, Caseyville, IL is a predominantly white area, with 65.8% of the population identifying as white. The white population has shrunk by 22.7% in the last 5 years. The second most common race or ethnicity in Caseyville, IL is hispanic, making up 17.7% of the population. Foreign-born residents account for 3.7% of the population in Caseyville, IL, and this percentage has increased by 54.2% 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 | 65.8% | -22.7% |
% Black | 9.2% | 100.0% |
% Hispanic | 17.7% | 136.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 3.7% | 54.2% |
Mortgage and Risk — Caseyville, IL
According to HUD data as of 2023, there were 71 mortgage originations in Caseyville, IL, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 54.0% above 90% LTV (very high). This implies large mortgage risk in Caseyville, IL. Investor activity is low, as 4.0% 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 | 71 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Caseyville, IL
As of 2024, the percent of homes in Caseyville, IL under the Section 8 program is 3.2%. 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 Caseyville, IL, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 21 |
Total Units Section 8 | 21 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $195 | $815 | $1,010 |
| 2 Bedroom | $455 | $795 | $1,250 |
| 3 Bedroom | $520 | $1,100 | $1,620 |
| 4 Bedroom | -$2,120 | $3,980 | $1,860 |
Affordability — Caseyville, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $141,000 |
| Median Household Income | $64,300 |