Shipman, IL—62685
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shipman, IL
As of Oct '25, the median home price in Shipman, IL is $161,000, with a year-over-year change of -6.8%. This indicates that home prices in Shipman, IL are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $161,000 | -6.8% |
| Single Family | $161,000 | -6.9% |
| 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 — Shipman, IL
As of July '25, Rentcast reports the average rent in Shipman, IL is $400, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Shipman, IL is 2-bedrooms: $400. The most common rental property sizes in Shipman, IL are 1-bedroom and 2-bedroom, accounting for 56.8% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $400 | $400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $400 | $400 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Shipman, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Shipman, IL is 180. This is a increase of 317.0% 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 | $340,000 | -5.0% |
Listing Count | 2 | -8.0% |
| Listings as % of Homes | 0.5% | -8.0% |
Days on Market | 180 | 317.0% |
Demographics — Shipman, IL
As of the latest ACS Survey released in 2023, Shipman, IL has a population of 1,650, which has decreased by -31.8% over the past 5 years. Shipman, IL is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 20.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,650 | -31.8% |
% Under 18 | 22.5% | -8.2% |
% Seniors | 19.8% | 23.0% |
% WFH | 1.5% | -86.4% |
% w/ College Degree | 20.9% | -20.2% |
As of the latest ACS Survey released in 2023, Shipman, IL is a predominantly white area, with 84.2% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Shipman, IL is black, making up 15.2% of the population. Foreign-born residents account for 0.3% of the population in Shipman, IL, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.2% | -7.9% |
% Black | 15.2% | 334.3% |
% Hispanic | 0.1% | -92.9% |
% Asian | 0.2% | 100.0% |
% Foreign Born | 0.3% | ∞% |
Mortgage and Risk — Shipman, IL
Shipman, IL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Shipman, IL
Shipman, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 4.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $670 |
| 2 Bedroom | $480 | $400 | $880 |
| 3 Bedroom | N/A | N/A | $1,130 |
| 4 Bedroom | N/A | N/A | $1,360 |
Affordability — Shipman, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $161,000 |
| Median Household Income | $63,800 |