Colchester, IL—62326
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Colchester, IL
As of Oct '25, the median home price in Colchester, IL is $91,000, with a year-over-year change of 0.6%. This indicates that home prices in Colchester, IL are flat. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $91,000 | 0.6% |
| Single Family | $91,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $60,000 | 1.7% |
3 Bed | $93,000 | 2.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Colchester, IL
Colchester, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 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 — Colchester, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Colchester, IL is 42. This is a decrease of -35.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $88,000 | -12.0% |
Listing Count | 7 | -25.0% |
| Listings as % of Homes | 0.9% | -25.0% |
Days on Market | 42 | -35.0% |
Demographics — Colchester, IL
As of the latest ACS Survey released in 2023, Colchester, IL has a population of 2,320, which has remained stable by -0.9% over the past 5 years. Colchester, IL is a popular place for families, as children make up 28.1% of the population. The area has a moderately educated workforce, with 29.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,320 | -0.9% |
% Under 18 | 28.1% | 22.2% |
% Seniors | 21.4% | 17.6% |
% WFH | 5.3% | 89.3% |
% w/ College Degree | 29.8% | 108.4% |
As of the latest ACS Survey released in 2023, Colchester, IL is a predominantly white area, with 97.2% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Colchester, IL is hispanic, making up 1.9% of the population. Foreign-born residents account for 0.2% of the population in Colchester, IL, and this percentage has decreased by 81.8% 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 | 97.2% | -2.1% |
% Black | 0.0% | N/A |
% Hispanic | 1.9% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.2% | -81.8% |
Mortgage and Risk — Colchester, IL
According to HUD data as of 2023, there were 14 mortgage originations in Colchester, IL, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Colchester, IL. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 14 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Colchester, IL
Colchester, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% 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 | N/A | N/A | $680 |
| 2 Bedroom | N/A | N/A | $880 |
| 3 Bedroom | N/A | N/A | $1,120 |
| 4 Bedroom | N/A | N/A | $1,330 |
Affordability — Colchester, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.3 |
| Median Home Price | $91,000 |
| Median Household Income | $65,000 |