Raymond, IL—62560
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Raymond, IL
Raymond, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $156,000 | 15.4% |
| Single Family | $156,000 | 16.4% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Raymond, IL
As of July '25, Rentcast reports the average rent in Raymond, IL is $825, with a year-over-year rent change of -7.1%. Per bedroom, the median rent as of July '25 in Raymond, IL is 1-bedrooms: $675, 2-bedrooms: $800, 3-bedrooms: $1,000. The most common rental property sizes in Raymond, IL are studio and 3-bedroom, accounting for 22.7% and 21.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $825 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $675 | $675 |
| 2 Bed Rent | $800 | $800 |
| 3 Bed Rent | $1,000 | $1,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Raymond, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Raymond, IL is 55. This is a decrease of -88.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $402,000 | 470.0% |
Listing Count | 6 | 533.0% |
| Listings as % of Homes | 0.5% | 533.0% |
Days on Market | 55 | -88.0% |
Demographics — Raymond, IL
As of the latest ACS Survey released in 2023, Raymond, IL has a population of 1,490, which has increased by 24.5% over the past 5 years. Raymond, IL is a moderately popular place for families, as children make up 25.0% of the population. The area has a moderately educated workforce, with 28.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,490 | 24.5% |
% Under 18 | 25.0% | -0.4% |
% Seniors | 15.2% | -17.8% |
% WFH | 9.6% | 772.7% |
% w/ College Degree | 28.5% | 42.5% |
As of the latest ACS Survey released in 2023, Raymond, IL is a predominantly white area, with 93.8% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Raymond, IL is black, making up 2.4% of the population. Foreign-born residents account for 0.5% of the population in Raymond, IL, and this percentage has decreased by 84.8% 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 | 93.8% | -3.9% |
% Black | 2.4% | ∞% |
% Hispanic | 0.3% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.5% | -84.8% |
Mortgage and Risk — Raymond, IL
According to HUD data as of 2023, there were 40 mortgage originations in Raymond, IL, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Raymond, IL. Investor activity is low, as 3.0% 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 | 40 |
% Conventional Loans | 82.0% |
% Government Loans | 17.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Raymond, IL
Raymond, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $55 | $675 | $730 |
| 2 Bedroom | $160 | $800 | $960 |
| 3 Bedroom | $210 | $1,000 | $1,210 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — Raymond, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $156,000 |
| Median Household Income | $71,900 |