Hoffman, IL—62250
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hoffman, IL
As of Oct '25, the median home price in Hoffman, IL is $139,000, with a year-over-year change of 1.9%. This indicates that home prices in Hoffman, IL are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $139,000 | 1.9% |
| Single Family | $139,000 | 1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hoffman, IL
Hoffman, 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 — Hoffman, IL
Hoffman, IL lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | 0.5% | N/A |
Days on Market | N/A | N/A |
Demographics — Hoffman, IL
As of the latest ACS Survey released in 2023, Hoffman, IL has a population of 627, which has increased by 36.0% over the past 5 years. Hoffman, IL is a popular place for families, as children make up 30.9% of the population. The area has a poorly educated workforce, with 8.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 627 | 36.0% |
% Under 18 | 30.9% | 35.5% |
% Seniors | 13.2% | -40.3% |
% WFH | 1.2% | 20.0% |
% w/ College Degree | 8.8% | -40.1% |
As of the latest ACS Survey released in 2023, Hoffman, IL is a predominantly white area, with 97.0% of the population identifying as white. The white population has grown by 2.1% in the last 5 years. The second most common race or ethnicity in Hoffman, IL is black, making up 0.0% of the population. Foreign-born residents account for 0.8% of the population in Hoffman, IL, and this percentage has increased by Inf% 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 | 97.0% | 2.1% |
% Black | 0.0% | N/A |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.8% | ∞% |
Mortgage and Risk — Hoffman, IL
Hoffman, IL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Hoffman, IL
Hoffman, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $880 |
| 2 Bedroom | N/A | N/A | $1,090 |
| 3 Bedroom | N/A | N/A | $1,410 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Hoffman, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $139,000 |
| Median Household Income | $70,300 |