Girard, IL—62640
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Girard, IL
As of Oct '25, the median home price in Girard, IL is $145,000, with a year-over-year change of -1.5%. This indicates that home prices in Girard, IL are decreasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $145,000 | -1.5% |
| Single Family | $145,000 | -1.4% |
| 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 — Girard, IL
Girard, 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 — Girard, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Girard, IL is 44. This is a increase of 9.0% 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 | $170,000 | -12.0% |
Listing Count | 5 | -35.0% |
| Listings as % of Homes | 0.3% | -35.0% |
Days on Market | 44 | 9.0% |
Demographics — Girard, IL
As of the latest ACS Survey released in 2023, Girard, IL has a population of 3,340, which has decreased by -6.7% over the past 5 years. Girard, IL is a moderately popular place for families, as children make up 21.9% of the population. The area has a poorly educated workforce, with 15.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,340 | -6.7% |
% Under 18 | 21.9% | 4.3% |
% Seniors | 22.7% | 8.1% |
% WFH | 11.1% | 258.1% |
% w/ College Degree | 15.1% | -23.7% |
As of the latest ACS Survey released in 2023, Girard, IL is a predominantly white area, with 94.1% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Girard, IL is hispanic, making up 1.4% of the population. Foreign-born residents account for 0.5% of the population in Girard, IL, and this percentage has decreased by 16.7% 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 | 94.1% | -3.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.4% | 600.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.5% | -16.7% |
Mortgage and Risk — Girard, IL
According to HUD data as of 2023, there were 44 mortgage originations in Girard, IL, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Girard, IL. Investor activity is high, as 23.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 44 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 23.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Girard, IL
Girard, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 29 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | N/A | N/A | $970 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,490 |
Affordability — Girard, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $145,000 |
| Median Household Income | $64,400 |