Quincy, IL—62305
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 $249,000, with a year-over-year change of -2.5%. This indicates that home prices in Quincy, IL are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $249,000 | -2.5% |
| Single Family | $248,000 | -2.7% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% 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 70. This is a decrease of -23.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $234,000 | -24.0% |
Listing Count | 73 | 73.0% |
| Listings as % of Homes | 0.3% | 73.0% |
Days on Market | 70 | -23.0% |
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% |
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% |
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% |
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 | 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 |
Affordability — Quincy, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $249,000 |
| Median Household Income | $80,900 |