Smithton, IL—62285
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Smithton, IL
As of Oct '25, the median home price in Smithton, IL is $301,000, with a year-over-year change of 3.5%. This indicates that home prices in Smithton, IL are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $301,000 | 3.5% |
| Single Family | $301,000 | 3.1% |
| 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 | $307,000 | 3.4% |
4 Bed | $410,000 | 0.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Smithton, IL
Smithton, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,050 | $1,050 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Smithton, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Smithton, IL is 38. This is a decrease of -63.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $423,000 | 1.0% |
Listing Count | 19 | 27.0% |
| Listings as % of Homes | 0.9% | 27.0% |
Days on Market | 38 | -63.0% |
Demographics — Smithton, IL
As of the latest ACS Survey released in 2023, Smithton, IL has a population of 4,190, which has decreased by -5.6% over the past 5 years. Smithton, IL is a moderately popular place for families, as children make up 22.0% of the population. The area has a moderately educated workforce, with 42.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,190 | -5.6% |
% Under 18 | 22.0% | -10.2% |
% Seniors | 24.1% | 45.2% |
% WFH | 10.1% | 818.2% |
% w/ College Degree | 42.0% | 22.4% |
As of the latest ACS Survey released in 2023, Smithton, IL is a predominantly white area, with 94.9% of the population identifying as white. The white population has grown by 2.9% in the last 5 years. The second most common race or ethnicity in Smithton, IL is black, making up 1.6% of the population. Foreign-born residents account for 3.0% of the population in Smithton, IL, and this percentage has increased by 328.6% 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 | 94.9% | 2.9% |
% Black | 1.6% | -46.7% |
% Hispanic | 1.4% | -65.9% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 3.0% | 328.6% |
Mortgage and Risk — Smithton, IL
According to HUD data as of 2023, there were 94 mortgage originations in Smithton, IL, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Smithton, IL. Investor activity is low, as 4.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 94 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Smithton, IL
Smithton, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 9 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | 0.0% |
% 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 | $40 | $1,050 | $1,090 |
| 3 Bedroom | N/A | N/A | $1,410 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Smithton, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $301,000 |
| Median Household Income | $118,000 |