Marissa, IL—62257
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Marissa, IL
As of Oct '25, the median home price in Marissa, IL is $106,000, with a year-over-year change of 2.6%. This indicates that home prices in Marissa, IL are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $106,000 | 2.6% |
| Single Family | $106,000 | 2.9% |
| 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 | $132,000 | 5.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Marissa, IL
Marissa, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $772 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $795 | $795 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $750 | $750 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Marissa, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Marissa, IL is 81. This is a increase of 23.0% 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $139,000 | -17.0% |
Listing Count | 14 | 79.0% |
| Listings as % of Homes | 0.6% | 79.0% |
Days on Market | 81 | 23.0% |
Demographics — Marissa, IL
As of the latest ACS Survey released in 2023, Marissa, IL has a population of 1,960, which has decreased by -26.8% over the past 5 years. Marissa, IL is a moderately popular place for families, as children make up 18.9% of the population. The area has a poorly educated workforce, with 15.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,960 | -26.8% |
% Under 18 | 18.9% | 9.9% |
% Seniors | 19.4% | -5.8% |
% WFH | 8.2% | 115.8% |
% w/ College Degree | 15.0% | 36.4% |
As of the latest ACS Survey released in 2023, Marissa, IL is a predominantly white area, with 89.3% of the population identifying as white. The white population has shrunk by 10.0% in the last 5 years. The second most common race or ethnicity in Marissa, IL is hispanic, making up 2.1% of the population. Foreign-born residents account for 0.3% of the population in Marissa, IL, and this percentage has increased by 50.0% 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 | 89.3% | -10.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.1% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.3% | 50.0% |
Mortgage and Risk — Marissa, IL
According to HUD data as of 2023, there were 75 mortgage originations in Marissa, IL, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Marissa, 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 | 75 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Marissa, IL
Marissa, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 37 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $85 | $795 | $880 |
| 2 Bedroom | N/A | N/A | $1,090 |
| 3 Bedroom | $660 | $750 | $1,410 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Marissa, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.5 |
| Median Home Price | $106,000 |
| Median Household Income | $66,800 |