Collinsville, IL 62234 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Collinsville, IL—62234

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$185,000

4.3% YoY Growth

Household Income

$66,400

19.4% YoY Growth

Days on Market

41.0% Longer YoY

Home Price Forecast

1.5%

Median Rent

$1,100

7.8% YoY Growth

1-Bed Rent

$725

1.1% YoY Growth

2-Bed Rent

$1,180

51.8% YoY Growth

3-Bed Rent

$1,500

3.8% YoY Growth

Home Price Trends — Collinsville, IL

As of Dec '25, the median home price in Collinsville, IL is $185,000, with a year-over-year change of 4.3%. This indicates that home prices in Collinsville, IL are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$185,000	4.3%
Single Family	$188,000	5.0%
Condos	$99,000	1.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Collinsville, IL

As of July '25, Rentcast reports the average rent in Collinsville, IL is $1,110, with a year-over-year rent change of 7.8%. Per bedroom, the median rent as of July '25 in Collinsville, IL is 1-bedrooms: $750, 2-bedrooms: $1,110, 3-bedrooms: $1,530, 4-bedrooms: $1,850. The most common rental property sizes in Collinsville, IL are 2-bedroom and 1-bedroom, accounting for 48.2% and 22.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,100	$1,110
Studio Rent	N/A	N/A
1 Bed Rent	$725	$750
2 Bed Rent	$1,180	$1,110
3 Bed Rent	$1,500	$1,530
4 Bed Rent	$1,850	$1,850

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% of Rental Stock

Studio

4.7%

1 Bedroom

22.9%

2 Bedrooms

48.2%

3 Bedrooms

20.5%

4 Bedrooms

3.6%

Property Listings — Collinsville, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Collinsville, IL is 53. 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 35.0%, 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	3.0%
Listing Count	70	5.0%
Listings as % of Homes	0.4%	5.0%
Days on Market	49	41.0%

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Demographics — Collinsville, IL

As of the latest ACS Survey released in 2023, Collinsville, IL has a population of 31,800, which has decreased by -1.8% over the past 5 years. Collinsville, IL is a moderately popular place for families, as children make up 20.2% of the population. The area has a moderately educated workforce, with 27.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	31,800	-1.8%
% Under 18	20.2%	-3.3%
% Seniors	17.0%	3.7%
% WFH	11.0%	189.5%
% w/ College Degree	27.3%	10.1%

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As of the latest ACS Survey released in 2023, Collinsville, IL is a predominantly white area, with 73.1% of the population identifying as white. The white population has shrunk by 9.5% in the last 5 years. The second most common race or ethnicity in Collinsville, IL is black, making up 12.6% of the population. Foreign-born residents account for 4.0% of the population in Collinsville, IL, and this percentage has decreased by 9.1% 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	73.1%	-9.5%
% Black	12.6%	32.6%
% Hispanic	9.7%	40.6%
% Asian	1.0%	0.0%
% Foreign Born	4.0%	-9.1%

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Mortgage and Risk — Collinsville, IL

According to HUD data as of 2023, there were 556 mortgage originations in Collinsville, IL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Collinsville, IL. Investor activity is low, as 3.0% 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	556
% Conventional Loans	75.0%
% Government Loans	25.0%
% Investor Loans	3.0%
% Second Loans	1.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Collinsville, IL

As of 2024, the percent of homes in Collinsville, IL under the Section 8 program is 5.2%. 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 units appear to be good home sizes to consider for Section 8 housing in Collinsville, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	301
Total Units Section 8	211
% Rentals under Section 8	5.2%
% Occupied Section 8	91.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$195	$725	$920
2 Bedroom	-$50	$1,180	$1,130
3 Bedroom	-$40	$1,500	$1,460
4 Bedroom	-$170	$1,850	$1,680

Collinsville, IL—62234

Key Metrics at a Glance

Home Price Trends — Collinsville, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Collinsville, IL

% of Rental Stock

Property Listings — Collinsville, IL

Demographics — Collinsville, IL

Race and Ethnicity

Mortgage and Risk — Collinsville, IL

Mortgages

Rentals and Section 8 — Collinsville, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Collinsville, IL

Home Price to Income Ratio

Collinsville, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Maryville, IL

Caseyville, IL

Glen Carbon, IL

Fairview Heights, IL

O Fallon, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.4
Median Home Price	$185,000
Median Household Income	$66,400

Collinsville, IL—62234

Key Metrics at a Glance

Home Price Trends — Collinsville, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Collinsville, IL

% of Rental Stock

Property Listings — Collinsville, IL

Demographics — Collinsville, IL

Race and Ethnicity

Mortgage and Risk — Collinsville, IL

Mortgages

Rentals and Section 8 — Collinsville, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Collinsville, IL

Home Price to Income Ratio

Collinsville, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Maryville, IL

Caseyville, IL

Glen Carbon, IL

Fairview Heights, IL

O Fallon, IL

Frequently Asked Questions

What is the average home price in Collinsville, IL 62234?

How have home prices in Collinsville, IL 62234 changed over the past year?

What is the home price projection for Collinsville, IL 62234?

What are the demographics of Collinsville, IL 62234?

How long does it take homes to sell in Collinsville, IL 62234?

What is the average rent price in Collinsville, IL 62234?