O Fallon, IL—62269
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — O Fallon, IL
As of Oct '25, the median home price in O Fallon, IL is $303,000, with a year-over-year change of 4.4%. This indicates that home prices in O Fallon, IL are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $303,000 | 4.4% |
| Single Family | $309,000 | 4.4% |
| Condos | $151,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $166,000 | 6.4% |
3 Bed | $266,000 | 4.7% |
4 Bed | $384,000 | 4.1% |
| 5 Bed | $486,000 | 3.6% |
% of Housing Stock
Rental Trends — O Fallon, IL
As of July '25, Rentcast reports the average rent in O Fallon, IL is $1,840, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in O Fallon, IL is studios: $1,320, 1-bedrooms: $1,060, 2-bedrooms: $1,310, 3-bedrooms: $2,160, 4-bedrooms: $2,520. The most common rental property sizes in O Fallon, IL are 2-bedroom and 1-bedroom, accounting for 46.9% and 22.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,840 |
| Studio Rent | $1,050 | $1,320 |
| 1 Bed Rent | $1,050 | $1,060 |
| 2 Bed Rent | $1,300 | $1,310 |
| 3 Bed Rent | $2,050 | $2,160 |
| 4 Bed Rent | $2,650 | $2,520 |
% of Rental Stock
Property Listings — O Fallon, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in O Fallon, IL is 36. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $428,000 | 10.0% |
Listing Count | 120 | 4.0% |
| Listings as % of Homes | 0.5% | 4.0% |
Days on Market | 36 | -5.0% |
Demographics — O Fallon, IL
As of the latest ACS Survey released in 2023, O Fallon, IL has a population of 35,500, which has increased by 10.9% over the past 5 years. O Fallon, IL is a popular place for families, as children make up 27.7% of the population. The area has a highly educated workforce, with 51.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,500 | 10.9% |
% Under 18 | 27.7% | 8.2% |
% Seniors | 16.1% | 35.3% |
% WFH | 16.8% | 330.8% |
% w/ College Degree | 51.4% | 11.7% |
As of the latest ACS Survey released in 2023, O Fallon, IL is a predominantly white area, with 70.6% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in O Fallon, IL is black, making up 13.3% of the population. Foreign-born residents account for 3.9% of the population in O Fallon, IL, and this percentage has decreased by 22.0% 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 | 70.6% | -6.2% |
% Black | 13.3% | 4.7% |
% Hispanic | 6.2% | 44.2% |
% Asian | 2.6% | -25.7% |
% Foreign Born | 3.9% | -22.0% |
Mortgage and Risk — O Fallon, IL
According to HUD data as of 2023, there were 322 mortgage originations in O Fallon, IL, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in O Fallon, IL. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 322 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — O Fallon, IL
As of 2024, the percent of homes in O Fallon, IL under the Section 8 program is 8.1%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in O Fallon, IL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 335 |
Total Units Section 8 | 315 |
% Rentals under Section 8 | 8.1% |
% Occupied Section 8 | 90.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $1,050 | $1,170 |
| 2 Bedroom | $140 | $1,300 | $1,440 |
| 3 Bedroom | -$190 | $2,050 | $1,860 |
| 4 Bedroom | -$510 | $2,650 | $2,140 |
Affordability — O Fallon, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $303,000 |
| Median Household Income | $100,000 |