Quincy, IL—62301
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Quincy, IL
Home Price Trends — Quincy, IL
As of Oct '25, the median home price in Quincy, IL is $137,000, with a year-over-year change of 0.9%. This indicates that home prices in Quincy, IL are flat. According to Zillow, the 1-year price projection is -2.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $137,000 | 0.9% |
| Single Family | $136,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $122,000 | 4.3% |
3 Bed | $161,000 | 5.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Quincy, IL
As of July '25, Rentcast reports the average rent in Quincy, IL is $937, with a year-over-year rent change of 8.3%. Per bedroom, the median rent as of July '25 in Quincy, IL is studios: $850, 1-bedrooms: $784, 2-bedrooms: $1,020, 3-bedrooms: $1,330. The most common rental property sizes in Quincy, IL are 2-bedroom and 1-bedroom, accounting for 45.2% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $937 |
| Studio Rent | $500 | $850 |
| 1 Bed Rent | $800 | $784 |
| 2 Bed Rent | $1,050 | $1,020 |
| 3 Bed Rent | $1,300 | $1,330 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Quincy, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Quincy, IL is 46. This is a decrease of -18.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $148,000 | 6.0% |
Listing Count | 120 | 22.0% |
| Listings as % of Homes | 0.6% | 22.0% |
Days on Market | 46 | -18.0% |
Demographics — Quincy, IL
As of the latest ACS Survey released in 2023, Quincy, IL has a population of 31,000, which has decreased by -3.4% over the past 5 years. Quincy, IL is a moderately popular place for families, as children make up 21.4% of the population. The area has a poorly educated workforce, with 24.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,000 | -3.4% |
% Under 18 | 21.4% | -0.9% |
% Seniors | 18.4% | -6.6% |
% WFH | 6.6% | 46.7% |
% w/ College Degree | 24.2% | 11.0% |
As of the latest ACS Survey released in 2023, Quincy, IL is a predominantly white area, with 84.2% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Quincy, IL is black, making up 6.1% of the population. Foreign-born residents account for 2.1% of the population in Quincy, IL, and this percentage has increased by 10.5% 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 | 84.2% | -3.4% |
% Black | 6.1% | -15.3% |
% Hispanic | 2.7% | 35.0% |
% Asian | 1.1% | 10.0% |
% Foreign Born | 2.1% | 10.5% |
Mortgage and Risk — Quincy, IL
According to HUD data as of 2023, there were 392 mortgage originations in Quincy, IL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Quincy, 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 | 392 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Quincy, IL
Quincy, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 904 |
Total Units Section 8 | 491 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 75.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $800 | $730 |
| 2 Bedroom | -$100 | $1,050 | $950 |
| 3 Bedroom | -$70 | $1,300 | $1,230 |
| 4 Bedroom | N/A | N/A | $1,290 |
Affordability — Quincy, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $137,000 |
| Median Household Income | $52,200 |