Forsyth, IL—62535
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Forsyth, IL
As of Oct '25, the median home price in Forsyth, IL is $303,000, with a year-over-year change of 6.4%. This indicates that home prices in Forsyth, IL are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $303,000 | 6.4% |
| Single Family | $304,000 | 6.7% |
| 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 | $251,000 | 6.8% |
4 Bed | $365,000 | 4.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Forsyth, IL
Forsyth, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,250 | $3,250 |
| 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 | $3,250 | $3,250 |
% of Rental Stock
Property Listings — Forsyth, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Forsyth, IL is 32. This is a decrease of -48.0% 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 67.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $383,000 | -6.0% |
Listing Count | 3 | -56.0% |
| Listings as % of Homes | 0.2% | -56.0% |
Days on Market | 32 | -48.0% |
Demographics — Forsyth, IL
As of the latest ACS Survey released in 2023, Forsyth, IL has a population of 3,660, which has increased by 21.7% over the past 5 years. Forsyth, IL is a popular place for families, as children make up 27.7% of the population. The area has a highly educated workforce, with 58.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,660 | 21.7% |
% Under 18 | 27.7% | 19.4% |
% Seniors | 21.2% | -7.4% |
% WFH | 6.6% | 65.0% |
% w/ College Degree | 58.7% | 19.8% |
As of the latest ACS Survey released in 2023, Forsyth, IL is a predominantly white area, with 86.5% of the population identifying as white. The white population has grown by 4.2% in the last 5 years. The second most common race or ethnicity in Forsyth, IL is asian, making up 4.0% of the population. Foreign-born residents account for 6.5% of the population in Forsyth, IL, and this percentage has decreased by 36.9% 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 | 86.5% | 4.2% |
% Black | 0.9% | -25.0% |
% Hispanic | 2.5% | -13.8% |
% Asian | 4.0% | -62.3% |
% Foreign Born | 6.5% | -36.9% |
Mortgage and Risk — Forsyth, IL
According to HUD data as of 2023, there were 54 mortgage originations in Forsyth, IL, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Forsyth, IL. Investor activity is low, as 7.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 54 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Forsyth, IL
Forsyth, 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 | $1,040 |
| 2 Bedroom | N/A | N/A | $1,270 |
| 3 Bedroom | N/A | N/A | $1,730 |
| 4 Bedroom | -$1,360 | $3,250 | $1,890 |
Affordability — Forsyth, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $303,000 |
| Median Household Income | $113,000 |