Collinsville, IL—62234
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Collinsville, IL
As of Oct '25, the median home price in Collinsville, IL is $186,000, with a year-over-year change of 3.9%. This indicates that home prices in Collinsville, IL are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $186,000 | 3.9% |
| Single Family | $188,000 | 4.4% |
| Condos | $101,000 | 1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $100,000 | -1.0% |
2 Bed | $135,000 | 3.8% |
3 Bed | $196,000 | 4.8% |
4 Bed | $231,000 | 5.5% |
| 5 Bed | $318,000 | 3.6% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Collinsville, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Collinsville, IL is 46. This is a increase of 8.0% 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 | $196,000 | -5.0% |
Listing Count | 91 | 8.0% |
| Listings as % of Homes | 0.4% | 8.0% |
Days on Market | 46 | 8.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Collinsville, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $186,000 |
| Median Household Income | $66,400 |