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Bowen, IL—62316

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
N/A
N/A
Household Income
$67,900
26.6% YoY Growth
Days on Market
N/A
N/A
Home Price Forecast
N/A
Median Rent
$725
0.0% YoY Growth
1-Bed Rent
$725
0.0% YoY Growth
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Bowen, IL

Bowen, IL lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
N/AN/A
Single Family N/AN/A
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A
  • Affordability
  • Rentals and Section 8
    • 2 Bed
    N/A
    N/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    6.3%
    2 Bedrooms
    35.8%
    3 Bedrooms
    45.9%
    4 Bedrooms
    11.4%
    5+ Bedrooms
    0.6%

    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.

    TypeMedian RentAverage Rent
    Average Rent$725$725
    Studio Rent N/AN/A
    1 Bed Rent $725$725
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    32.1%
    2 Bedrooms
    58.9%
    3 Bedrooms
    8.9%

    Property Listings — Bowen, IL

    Bowen, IL lacks sufficient listing trend data for analysis.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		N/AN/A
    Listing Count
    		N/AN/A
    Listings as % of HomesN/AN/A
    Days on Market
    		N/AN/A
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    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.

    MetricLatest CensusYoY % Change
    Population
    		87360.2%
    % Under 18
    		31.0%18.3%
    % Seniors
    		14.1%11.0%
    % WFH
    		5.1%104.0%
    % w/ College Degree
    		12.7%5.8%
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    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

    MetricLatest Census5-Year % Change
    % White
    		92.0%-7.0%
    % Black
    		0.0%-100.0%
    % Hispanic
    		0.1%∞%
    % Asian
    		0.7%∞%
    % Foreign Born
    		0.2%-50.0%
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    Mortgage and Risk — Bowen, IL

    Bowen, IL lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip 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
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$15$725$740
    2 BedroomN/AN/A$870
    3 BedroomN/AN/A$1,100
    4 BedroomN/AN/A$1,160

    Affordability — Bowen, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income RatioN/A
    Median Home PriceN/A
    Median Household Income$67,900

    Bowen, IL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Chatton, IL

    62339

    Augusta, IL

    62311

    West Point, IL

    62380

    La Prairie, IL

    62346

    Woodville, IL

    62349

    Frequently Asked Questions