Murrayville, IL—62668
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Murrayville, IL
As of Oct '25, the median home price in Murrayville, IL is $127,000, with a year-over-year change of 2.3%. This indicates that home prices in Murrayville, IL are increasing. According to Zillow, the 1-year price projection is -1.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $127,000 | 2.3% |
| Single Family | $127,000 | 2.4% |
| 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 — Murrayville, IL
Murrayville, 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 — Murrayville, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Murrayville, IL is 153. This is a increase of 385.0% 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 | $59,900 | -13.0% |
Listing Count | 1 | -43.0% |
| Listings as % of Homes | 0.5% | -43.0% |
Days on Market | 153 | 385.0% |
Demographics — Murrayville, IL
As of the latest ACS Survey released in 2023, Murrayville, IL has a population of 1,270, which has increased by 1.8% over the past 5 years. Murrayville, IL is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 15.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,270 | 1.8% |
% Under 18 | 24.2% | 54.1% |
% Seniors | 26.6% | 0.4% |
% WFH | 10.7% | 20.2% |
% w/ College Degree | 15.5% | -7.2% |
As of the latest ACS Survey released in 2023, Murrayville, IL is a predominantly white area, with 93.4% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Murrayville, IL is black, making up 3.5% of the population. Foreign-born residents account for 1.0% of the population in Murrayville, 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 | 93.4% | -4.9% |
% Black | 3.5% | ∞% |
% Hispanic | 0.2% | 0.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.0% | -16.7% |
Mortgage and Risk — Murrayville, IL
According to HUD data as of 2023, there were 34 mortgage originations in Murrayville, IL, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Murrayville, IL. Investor activity is low, as 0.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 34 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Murrayville, IL
Murrayville, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 7.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $660 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,120 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Murrayville, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.6 |
| Median Home Price | $127,000 |
| Median Household Income | $71,400 |