Havana, IL—62644
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Havana, IL
Havana, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $81,000 | -2.8% |
| Single Family | $81,000 | -1.2% |
| 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 — Havana, IL
As of July '25, Rentcast reports the average rent in Havana, IL is $638, with a year-over-year rent change of 2.1%. Per bedroom, the median rent as of July '25 in Havana, IL is 1-bedrooms: $638. The most common rental property sizes in Havana, IL are 2-bedroom and 1-bedroom, accounting for 40.9% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $625 | $638 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $625 | $638 |
| 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 — Havana, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Havana, IL is 39. This is a decrease of -5.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $89,900 | 4.0% |
Listing Count | 28 | 23.0% |
| Listings as % of Homes | 0.9% | 23.0% |
Days on Market | 39 | -5.0% |
Demographics — Havana, IL
As of the latest ACS Survey released in 2023, Havana, IL has a population of 4,660, which has decreased by -5.8% over the past 5 years. Havana, IL is a moderately popular place for families, as children make up 21.4% of the population. The area has a poorly educated workforce, with 20.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,660 | -5.8% |
% Under 18 | 21.4% | -1.4% |
% Seniors | 23.4% | -5.3% |
% WFH | 6.3% | 152.0% |
% w/ College Degree | 20.3% | 27.7% |
As of the latest ACS Survey released in 2023, Havana, IL is a predominantly white area, with 93.0% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Havana, IL is hispanic, making up 3.0% of the population. Foreign-born residents account for 0.6% of the population in Havana, IL, and this percentage has decreased by 14.3% 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 | 93.0% | -5.1% |
% Black | 1.4% | 250.0% |
% Hispanic | 3.0% | 650.0% |
% Asian | 0.3% | 0.0% |
% Foreign Born | 0.6% | -14.3% |
Mortgage and Risk — Havana, IL
According to HUD data as of 2023, there were 52 mortgage originations in Havana, IL, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Havana, IL. Investor activity is low, as 10.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 52 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 10.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Havana, IL
Havana, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 135 |
Total Units Section 8 | 135 |
% Rentals under Section 8 | 29.7% |
% Occupied Section 8 | 89.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $55 | $625 | $680 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Havana, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.4 |
| Median Home Price | $81,000 |
| Median Household Income | $57,100 |