Shipman, IL 62685 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Shipman, IL—62685

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$159,000

7.1% YoY Growth

Household Income

$63,800

0.1% YoY Growth

Days on Market

37.0% Longer YoY

Home Price Forecast

1.0%

Median Rent

$400

0.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$400

N/A

3-Bed Rent

N/A

Home Price Trends — Shipman, IL

As of Dec '25, the median home price in Shipman, IL is $159,000, with a year-over-year change of -7.1%. This indicates that home prices in Shipman, IL are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$159,000	-7.1%
Single Family	$160,000	-7.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

56.8%

2 Bedrooms

32.1%

3 Bedrooms

2.5%

4 Bedrooms

8.6%

Property Listings — Shipman, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Shipman, IL is 23. This is a increase of 172.0% 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	-29.0%
Listing Count	4	-9.0%
Listings as % of Homes	0.5%	-9.0%
Days on Market	43	37.0%

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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%

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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%	∞%

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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

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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

Shipman, IL—62685

Key Metrics at a Glance

Home Price Trends — Shipman, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Shipman, IL

% of Rental Stock

Property Listings — Shipman, IL

Demographics — Shipman, IL

Race and Ethnicity

Mortgage and Risk — Shipman, IL

Mortgages

Rentals and Section 8 — Shipman, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Shipman, IL

Home Price to Income Ratio

Shipman, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Bunker Hill, IL

Piasa, IL

Chesterfield, IL

Gillespie, IL

Summerville, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.5
Median Home Price	$159,000
Median Household Income	$63,800

Shipman, IL—62685

Key Metrics at a Glance

Home Price Trends — Shipman, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Shipman, IL

% of Rental Stock

Property Listings — Shipman, IL

Demographics — Shipman, IL

Race and Ethnicity

Mortgage and Risk — Shipman, IL

Mortgages

Rentals and Section 8 — Shipman, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Shipman, IL

Home Price to Income Ratio

Shipman, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Bunker Hill, IL

Piasa, IL

Chesterfield, IL

Gillespie, IL

Summerville, IL

Frequently Asked Questions

What is the average home price in Shipman, IL 62685?

How have home prices in Shipman, IL 62685 changed over the past year?

What is the home price projection for Shipman, IL 62685?

What are the demographics of Shipman, IL 62685?

How long does it take homes to sell in Shipman, IL 62685?

What is the average rent price in Shipman, IL 62685?