Casey, IL 62420 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Casey, IL—62420

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$118,000

7.4% YoY Growth

Household Income

$68,200

38.2% YoY Growth

Days on Market

65.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$625

8.1% YoY Growth

1-Bed Rent

$525

N/A

2-Bed Rent

$795

12.3% YoY Growth

3-Bed Rent

$695

8.3% YoY Growth

Home Price Trends — Casey, IL

Casey, IL lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$118,000	7.4%
Single Family	$118,000	8.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Casey, IL

As of July '25, Rentcast reports the average rent in Casey, IL is $644, with a year-over-year rent change of -8.1%. Per bedroom, the median rent as of July '25 in Casey, IL is studios: $510, 1-bedrooms: $575, 2-bedrooms: $795, 3-bedrooms: $728. The most common rental property sizes in Casey, IL are 2-bedroom and 1-bedroom, accounting for 48.7% and 19.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$625	$644
Studio Rent	$495	$510
1 Bed Rent	$525	$575
2 Bed Rent	$795	$795
3 Bed Rent	$695	$728
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

8.7%

1 Bedroom

19.7%

2 Bedrooms

48.7%

3 Bedrooms

16.8%

4 Bedrooms

6.1%

Property Listings — Casey, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Casey, IL is 41. This is a increase of 160.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$144,000	-2.0%
Listing Count	10	-9.0%
Listings as % of Homes	0.4%	-9.0%
Days on Market	56	65.0%

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Demographics — Casey, IL

As of the latest ACS Survey released in 2023, Casey, IL has a population of 4,360, which has decreased by -8.4% over the past 5 years. Casey, IL is a moderately popular place for families, as children make up 24.5% of the population. The area has a poorly educated workforce, with 17.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	4,360	-8.4%
% Under 18	24.5%	9.9%
% Seniors	17.6%	-17.0%
% WFH	7.9%	132.4%
% w/ College Degree	17.0%	-13.3%

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As of the latest ACS Survey released in 2023, Casey, IL is a predominantly white area, with 95.3% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Casey, IL is hispanic, making up 3.3% of the population. Foreign-born residents account for 1.1% of the population in Casey, IL, and this percentage has decreased by 8.3% 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	95.3%	-1.9%
% Black	1.1%	175.0%
% Hispanic	3.3%	175.0%
% Asian	0.0%	-100.0%
% Foreign Born	1.1%	-8.3%

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Mortgage and Risk — Casey, IL

According to HUD data as of 2023, there were 27 mortgage originations in Casey, IL, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Casey, 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	27
% Conventional Loans	74.0%
% Government Loans	26.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Casey, IL

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

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% 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	$205	$525	$730
2 Bedroom	$115	$795	$910
3 Bedroom	$455	$695	$1,150
4 Bedroom	N/A	N/A	$1,220

Casey, IL—62420

Key Metrics at a Glance

Home Price Trends — Casey, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Casey, IL

% of Rental Stock

Property Listings — Casey, IL

Demographics — Casey, IL

Race and Ethnicity

Mortgage and Risk — Casey, IL

Mortgages

Rentals and Section 8 — Casey, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Casey, IL

Home Price to Income Ratio

Casey, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Greenup, IL

Westfield, IL

Yale, IL

Ashmore, IL

Toledo, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.5
Median Home Price	$118,000
Median Household Income	$68,200

Casey, IL—62420

Key Metrics at a Glance

Home Price Trends — Casey, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Casey, IL

% of Rental Stock

Property Listings — Casey, IL

Demographics — Casey, IL

Race and Ethnicity

Mortgage and Risk — Casey, IL

Mortgages

Rentals and Section 8 — Casey, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Casey, IL

Home Price to Income Ratio

Casey, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Greenup, IL

Westfield, IL

Yale, IL

Ashmore, IL

Toledo, IL

Frequently Asked Questions

What is the average home price in Casey, IL 62420?

How have home prices in Casey, IL 62420 changed over the past year?

What is the home price projection for Casey, IL 62420?

What are the demographics of Casey, IL 62420?

How long does it take homes to sell in Casey, IL 62420?

What is the average rent price in Casey, IL 62420?