Watson, IL—62473
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Watson, IL
As of Oct '25, the median home price in Watson, IL is $162,000, with a year-over-year change of 2.9%. This indicates that home prices in Watson, IL are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $162,000 | 2.9% |
| Single Family | $163,000 | 3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $159,000 | 2.6% |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Watson, IL
Watson, 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 — Watson, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Watson, IL is 170. This is a increase of 145.0% 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 | $713,000 | -56.0% |
Listing Count | 3 | -29.0% |
| Listings as % of Homes | 0.6% | -29.0% |
Days on Market | 170 | 145.0% |
Demographics — Watson, IL
As of the latest ACS Survey released in 2023, Watson, IL has a population of 1,120, which has decreased by -22.1% over the past 5 years. Watson, IL is a moderately popular place for families, as children make up 18.0% of the population. The area has a poorly educated workforce, with 16.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,120 | -22.1% |
% Under 18 | 18.0% | -15.5% |
% Seniors | 22.0% | 29.4% |
% WFH | 10.8% | 2,060.0% |
% w/ College Degree | 16.9% | 62.5% |
As of the latest ACS Survey released in 2023, Watson, IL is a predominantly white area, with 95.8% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Watson, IL is hispanic, making up 3.6% of the population. Foreign-born residents account for 0.3% of the population in Watson, IL, and this percentage has increased by 200.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.8% | -3.4% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.6% | 3,500.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.3% | 200.0% |
Mortgage and Risk — Watson, IL
Watson, IL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip 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 |
Loan Activity
No data available
Rentals and Section 8 — Watson, IL
Watson, 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 | N/A | N/A | $680 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,270 |
Affordability — Watson, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $162,000 |
| Median Household Income | $71,200 |