Neoga, IL 62447 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Neoga, IL—62447

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$166,000

1.4% YoY Growth

Household Income

$84,200

63.8% YoY Growth

Days on Market

102

53.0% Longer YoY

Home Price Forecast

2.5%

Median Rent

$379

11.8% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$379

11.8% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Neoga, IL

As of Dec '25, the median home price in Neoga, IL is $166,000, with a year-over-year change of -1.4%. This indicates that home prices in Neoga, IL are decreasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$166,000	-1.4%
Single Family	$166,000	-0.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Neoga, IL

As of July '25, Rentcast reports the average rent in Neoga, IL is $379, with a year-over-year rent change of 11.8%. Per bedroom, the median rent as of July '25 in Neoga, IL is 2-bedrooms: $379. The most common rental property sizes in Neoga, IL are 2-bedroom and 3-bedroom, accounting for 36.9% and 35.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$379	$379
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$379	$379
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

1.0%

1 Bedroom

14.8%

2 Bedrooms

36.9%

3 Bedrooms

35.0%

4 Bedrooms

12.3%

Property Listings — Neoga, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Neoga, IL is 86. This is a increase of 18.0% 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 100.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$180,000	29.0%
Listing Count	3	-54.0%
Listings as % of Homes	0.7%	-54.0%
Days on Market	102	53.0%

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Demographics — Neoga, IL

As of the latest ACS Survey released in 2023, Neoga, IL has a population of 3,200, which has decreased by -11.6% over the past 5 years. Neoga, IL is a moderately popular place for families, as children make up 23.7% of the population. The area has a poorly educated workforce, with 22.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,200	-11.6%
% Under 18	23.7%	8.2%
% Seniors	22.3%	13.8%
% WFH	8.0%	73.9%
% w/ College Degree	22.6%	11.3%

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As of the latest ACS Survey released in 2023, Neoga, IL is a predominantly white area, with 94.5% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Neoga, IL is black, making up 0.1% of the population. Foreign-born residents account for 0.1% of the population in Neoga, IL, and this percentage has decreased by 83.3% 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	94.5%	-1.3%
% Black	0.1%	∞%
% Hispanic	0.0%	-100.0%
% Asian	0.0%	-100.0%
% Foreign Born	0.1%	-83.3%

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Mortgage and Risk — Neoga, IL

According to HUD data as of 2023, there were 29 mortgage originations in Neoga, IL, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Neoga, 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	29
% Conventional Loans	83.0%
% Government Loans	17.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Neoga, IL

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

Section 8 Market Size

Total Units under HUD	36
Total Units Section 8	0
% 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	$511	$379	$890
3 Bedroom	N/A	N/A	$1,070
4 Bedroom	N/A	N/A	$1,330

Neoga, IL—62447

Key Metrics at a Glance

Home Price Trends — Neoga, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Neoga, IL

% of Rental Stock

Property Listings — Neoga, IL

Demographics — Neoga, IL

Race and Ethnicity

Mortgage and Risk — Neoga, IL

Mortgages

Rentals and Section 8 — Neoga, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Neoga, IL

Home Price to Income Ratio

Neoga, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Sigel, IL

Trilla, IL

Gays, IL

Mattoon, IL

Teutopolis, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.8
Median Home Price	$166,000
Median Household Income	$84,200

Neoga, IL—62447

Key Metrics at a Glance

Home Price Trends — Neoga, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Neoga, IL

% of Rental Stock

Property Listings — Neoga, IL

Demographics — Neoga, IL

Race and Ethnicity

Mortgage and Risk — Neoga, IL

Mortgages

Rentals and Section 8 — Neoga, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Neoga, IL

Home Price to Income Ratio

Neoga, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Sigel, IL

Trilla, IL

Gays, IL

Mattoon, IL

Teutopolis, IL

Frequently Asked Questions

What is the average home price in Neoga, IL 62447?

How have home prices in Neoga, IL 62447 changed over the past year?

What is the home price projection for Neoga, IL 62447?

What are the demographics of Neoga, IL 62447?

How long does it take homes to sell in Neoga, IL 62447?

What is the average rent price in Neoga, IL 62447?