Quincy, IL 62305 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Quincy, IL—62305

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$262,000

6.0% YoY Growth

Household Income

$80,900

16.1% YoY Growth

Days on Market

29.0% Longer YoY

Home Price Forecast

-1.0%

Median Rent

$757

N/A

1-Bed Rent

N/A

2-Bed Rent

$265

N/A

3-Bed Rent

N/A

Other Zip Codes in Quincy, IL

62301

Home Price Trends — Quincy, IL

As of May '26, the median home price in Quincy, IL is $262,000, with a year-over-year change of 6.0%. This indicates that home prices in Quincy, IL are increasing. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$262,000	6.0%
Single Family	$261,000	6.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Quincy, IL

Quincy, IL lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$757	$736
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$265	$511
3 Bed Rent	N/A	N/A
4 Bed Rent	$1,180	$1,180

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% of Rental Stock

Studio

4.9%

1 Bedroom

23.2%

2 Bedrooms

22.7%

3 Bedrooms

34.0%

4 Bedrooms

10.9%

5+ Bedrooms

4.5%

Property Listings — Quincy, IL

As of May '26, Realtor.com reports that the median days on market for a home in Quincy, IL is 86. This is a increase of 29.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$280,000	-11.0%
Listing Count	64	22.0%
Listings as % of Homes	0.3%	22.0%
Days on Market	86	29.0%

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Demographics — Quincy, IL

As of the latest ACS Survey released in 2023, Quincy, IL has a population of 19,100, which has decreased by -1.4% over the past 5 years. Quincy, IL is a moderately popular place for families, as children make up 22.8% of the population. The area has a moderately educated workforce, with 35.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	19,100	-1.4%
% Under 18	22.8%	1.3%
% Seniors	23.5%	12.4%
% WFH	6.3%	65.8%
% w/ College Degree	35.0%	6.1%

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As of the latest ACS Survey released in 2023, Quincy, IL is a predominantly white area, with 95.4% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Quincy, IL is black, making up 1.9% of the population. Foreign-born residents account for 1.0% of the population in Quincy, IL, and this percentage has decreased by 41.2% 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	95.4%	0.1%
% Black	1.9%	0.0%
% Hispanic	1.1%	-21.4%
% Asian	0.4%	-42.9%
% Foreign Born	1.0%	-41.2%

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Mortgage and Risk — Quincy, IL

According to HUD data as of 2023, there were 110 mortgage originations in Quincy, IL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Quincy, IL. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	110
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	0.0%
% Second Loans	3.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Quincy, IL

Quincy, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	107
Total Units Section 8	93
% Rentals under Section 8	N/A
% Occupied Section 8	78.6%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$850
2 Bedroom	$845	$265	$1,110
3 Bedroom	N/A	N/A	$1,440
4 Bedroom	$320	$1,180	$1,500

Quincy, IL—62305

Key Metrics at a Glance

Other Zip Codes in Quincy, IL

Home Price Trends — Quincy, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Quincy, IL

% of Rental Stock

Property Listings — Quincy, IL

Demographics — Quincy, IL

Race and Ethnicity

Mortgage and Risk — Quincy, IL

Mortgages

Rentals and Section 8 — Quincy, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Quincy, IL

Home Price to Income Ratio

Quincy, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Quincy, IL

Fowler, IL

Payson, IL

Taylor, MO

Ursa, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$262,000
Median Household Income	$80,900

Quincy, IL—62305

Key Metrics at a Glance

Other Zip Codes in Quincy, IL

Home Price Trends — Quincy, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Quincy, IL

% of Rental Stock

Property Listings — Quincy, IL

Demographics — Quincy, IL

Race and Ethnicity

Mortgage and Risk — Quincy, IL

Mortgages

Rentals and Section 8 — Quincy, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Quincy, IL

Home Price to Income Ratio

Quincy, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Quincy, IL

Fowler, IL

Payson, IL

Taylor, MO

Ursa, IL

Frequently Asked Questions

What is the average home price in Quincy, IL 62305?

How have home prices in Quincy, IL 62305 changed over the past year?

What is the home price projection for Quincy, IL 62305?

What are the demographics of Quincy, IL 62305?

How long does it take homes to sell in Quincy, IL 62305?

What is the average rent price in Quincy, IL 62305?