Mount Zion, IL—62549
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mount Zion, IL
As of Oct '25, the median home price in Mount Zion, IL is $191,000, with a year-over-year change of 5.9%. This indicates that home prices in Mount Zion, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $191,000 | 5.9% |
| Single Family | $191,000 | 6.1% |
| 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 | $185,000 | 5.7% |
4 Bed | $281,000 | 4.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mount Zion, IL
As of July '25, Rentcast reports the average rent in Mount Zion, IL is $1,990, with a year-over-year rent change of 17.1%. Per bedroom, the median rent as of July '25 in Mount Zion, IL is 2-bedrooms: $1,990. The most common rental property sizes in Mount Zion, IL are 1-bedroom and 3-bedroom, accounting for 45.3% and 25.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,990 | $1,990 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,990 | $1,990 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mount Zion, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Mount Zion, IL is 34. This is a decrease of -11.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $273,000 | -11.0% |
Listing Count | 8 | -51.0% |
| Listings as % of Homes | 0.6% | -51.0% |
Days on Market | 34 | -11.0% |
Demographics — Mount Zion, IL
As of the latest ACS Survey released in 2023, Mount Zion, IL has a population of 6,790, which has increased by 8.4% over the past 5 years. Mount Zion, IL is a popular place for families, as children make up 31.4% of the population. The area has a moderately educated workforce, with 31.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,790 | 8.4% |
% Under 18 | 31.4% | 16.7% |
% Seniors | 16.3% | -0.6% |
% WFH | 8.4% | 52.7% |
% w/ College Degree | 31.2% | -11.4% |
As of the latest ACS Survey released in 2023, Mount Zion, IL is a predominantly white area, with 90.1% of the population identifying as white. The white population has grown by 2.3% in the last 5 years. The second most common race or ethnicity in Mount Zion, IL is black, making up 4.4% of the population. Foreign-born residents account for 1.3% of the population in Mount Zion, IL, and this percentage has increased by 8.3% 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 | 90.1% | 2.3% |
% Black | 4.4% | 22.2% |
% Hispanic | 2.2% | ∞% |
% Asian | 2.8% | 250.0% |
% Foreign Born | 1.3% | 8.3% |
Mortgage and Risk — Mount Zion, IL
According to HUD data as of 2023, there were 115 mortgage originations in Mount Zion, IL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Mount Zion, IL. Investor activity is low, as 6.0% 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 | 115 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Mount Zion, IL
Mount Zion, 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 | $780 |
| 2 Bedroom | -$1,020 | $1,990 | $970 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,510 |
Affordability — Mount Zion, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.5 |
| Median Home Price | $191,000 |
| Median Household Income | $109,000 |