Casey, IL—62420
Real Estate Data & Market Trends
Key Metrics at a Glance
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 | 6.2% |
| Single Family | $118,000 | 7.3% |
| 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 | $110,000 | 6.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Casey, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Casey, IL is 58. This is a increase of 193.0% 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 | $142,000 | -24.0% |
Listing Count | 9 | -35.0% |
| Listings as % of Homes | 0.4% | -35.0% |
Days on Market | 58 | 193.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Casey, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.6 |
| Median Home Price | $118,000 |
| Median Household Income | $68,200 |