Jacksonville, IL62650

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$135,000
6.5% YoY Growth
Median Household Income
$64,100
37.5% 5-Year Growth
Days on Market
38
4.0% Shorter than last year
Home Price Forecast
-0.8%
Median Rent
$800
64.6% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$800
25.4% YoY Growth
3-Bed Rent
N/A
N/A

Property Listings — Jacksonville, IL

As of Oct '25, Realtor.com reports that the median days on market for a home in Jacksonville, IL is 38. This is a decrease of -4.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$169,00019.0%
Listing Count
8114.0%
Listings as % of Homes0.4%14.0%
Days on Market
38-4.0%
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Demographics — Jacksonville, IL

As of the latest ACS Survey released in 2023, Jacksonville, IL has a population of 24,300, which has decreased by -9.1% over the past 5 years. Jacksonville, IL is a moderately popular place for families, as children make up 18.0% of the population. The area has a moderately educated workforce, with 25.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.

MetricLatest CensusYoY % Change
Population
24,300-9.1%
% Under 18
18.0%-4.3%
% Seniors
20.4%7.4%
% WFH
9.4%235.7%
% w/ College Degree
25.6%24.3%
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As of the latest ACS Survey released in 2023, Jacksonville, IL is a predominantly white area, with 85.0% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Jacksonville, IL is black, making up 7.0% of the population. Foreign-born residents account for 1.2% of the population in Jacksonville, IL, and this percentage has decreased by 47.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
85.0%-0.5%
% Black
7.0%-20.5%
% Hispanic
3.0%-3.2%
% Asian
0.9%0.0%
% Foreign Born
1.2%-47.8%
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Mortgage and Risk — Jacksonville, IL

According to HUD data as of 2023, there were 234 mortgage originations in Jacksonville, IL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Jacksonville, IL. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
234
% Conventional Loans
75.0%
% Government Loans
25.0%
% Investor Loans
1.0%
% Second Loans
2.0%
% Cash Out Refinance
6.0%

Loan Activity

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Rentals and Section 8 — Jacksonville, IL

Jacksonville, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD
742
Total Units Section 8
339
% Rentals under Section 8
N/A
% Occupied Section 8
88.1%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 BedroomN/AN/A$660
2 Bedroom$70$800$870
3 BedroomN/AN/A$1,070
4 Bedroom$110$1,300$1,410

Affordability — Jacksonville, IL

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio1.8
Median Home Price$135,000
Median Household Income$64,100

Jacksonville, IL — ZIP Code Boundary Map

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Frequently Asked Questions