Millstadt, IL—62260
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Millstadt, IL
As of Oct '25, the median home price in Millstadt, IL is $293,000, with a year-over-year change of 5.2%. This indicates that home prices in Millstadt, IL are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $293,000 | 5.2% |
| Single Family | $294,000 | 5.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $189,000 | 7.4% |
3 Bed | $300,000 | 4.5% |
4 Bed | $398,000 | 3.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Millstadt, IL
Millstadt, 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 — Millstadt, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Millstadt, IL is 71. This is a increase of 45.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $438,000 | 13.0% |
Listing Count | 29 | 44.0% |
| Listings as % of Homes | 0.3% | 44.0% |
Days on Market | 71 | 45.0% |
Demographics — Millstadt, IL
As of the latest ACS Survey released in 2023, Millstadt, IL has a population of 6,520, which has decreased by -12.0% over the past 5 years. Millstadt, IL is a moderately popular place for families, as children make up 17.8% of the population. The area has a moderately educated workforce, with 30.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,520 | -12.0% |
% Under 18 | 17.8% | -10.6% |
% Seniors | 22.7% | 37.6% |
% WFH | 9.6% | 269.2% |
% w/ College Degree | 30.6% | -3.5% |
As of the latest ACS Survey released in 2023, Millstadt, IL is a predominantly white area, with 96.1% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Millstadt, IL is hispanic, making up 1.3% of the population. Foreign-born residents account for 0.7% of the population in Millstadt, IL, and this percentage has decreased by 12.5% 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 | 96.1% | -0.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.3% | -18.8% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.7% | -12.5% |
Mortgage and Risk — Millstadt, IL
According to HUD data as of 2023, there were 145 mortgage originations in Millstadt, IL, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Millstadt, 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 | 145 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Millstadt, IL
Millstadt, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 25 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,050 |
| 2 Bedroom | N/A | N/A | $1,300 |
| 3 Bedroom | N/A | N/A | $1,680 |
| 4 Bedroom | N/A | N/A | $1,930 |
Affordability — Millstadt, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $293,000 |
| Median Household Income | $93,900 |