Bowen, IL—62316
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bowen, IL
Bowen, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| 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 — Bowen, IL
As of July '25, Rentcast reports the average rent in Bowen, IL is $725, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Bowen, IL is 1-bedrooms: $725. The most common rental property sizes in Bowen, IL are 2-bedroom and 1-bedroom, accounting for 58.9% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $725 | $725 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $725 | $725 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bowen, IL
Bowen, IL lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Bowen, IL
As of the latest ACS Survey released in 2023, Bowen, IL has a population of 873, which has increased by 60.2% over the past 5 years. Bowen, IL is a popular place for families, as children make up 31.0% of the population. The area has a poorly educated workforce, with 12.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 873 | 60.2% |
% Under 18 | 31.0% | 18.3% |
% Seniors | 14.1% | 11.0% |
% WFH | 5.1% | 104.0% |
% w/ College Degree | 12.7% | 5.8% |
As of the latest ACS Survey released in 2023, Bowen, IL is a predominantly white area, with 92.0% of the population identifying as white. The white population has shrunk by 7.0% in the last 5 years. The second most common race or ethnicity in Bowen, IL is asian, making up 0.7% of the population. Foreign-born residents account for 0.2% of the population in Bowen, IL, and this percentage has decreased by 50.0% 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 | 92.0% | -7.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.1% | ∞% |
% Asian | 0.7% | ∞% |
% Foreign Born | 0.2% | -50.0% |
Mortgage and Risk — Bowen, IL
Bowen, IL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Bowen, IL
Bowen, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $15 | $725 | $740 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,100 |
| 4 Bedroom | N/A | N/A | $1,160 |
Affordability — Bowen, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $67,900 |