Spring Garden, IL—62846
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spring Garden, IL
Spring Garden, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| 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 — Spring Garden, IL
Spring Garden, 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 — Spring Garden, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Spring Garden, IL is 79. This is a increase of 6.0% 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 | $217,000 | 123.0% |
Listing Count | 2 | -36.0% |
| Listings as % of Homes | N/A | -36.0% |
Days on Market | 79 | 6.0% |
Demographics — Spring Garden, IL
As of the latest ACS Survey released in 2023, Spring Garden, IL has a population of 1,840, which has decreased by -31.8% over the past 5 years. Spring Garden, IL is a less popular place for families, as children make up 10.5% of the population. The area has a poorly educated workforce, with 3.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,840 | -31.8% |
% Under 18 | 10.5% | 66.7% |
% Seniors | 13.1% | 20.2% |
% WFH | 4.1% | 7.9% |
% w/ College Degree | 3.6% | 12.5% |
As of the latest ACS Survey released in 2023, Spring Garden, IL is a predominantly white area, with 64.0% of the population identifying as white. The white population has grown by 11.5% in the last 5 years. The second most common race or ethnicity in Spring Garden, IL is black, making up 20.4% of the population. Foreign-born residents account for 2.3% of the population in Spring Garden, IL, and this percentage has decreased by 43.9% 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 | 64.0% | 11.5% |
% Black | 20.4% | -35.4% |
% Hispanic | 6.8% | -32.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.3% | -43.9% |
Mortgage and Risk — Spring Garden, IL
According to HUD data as of 2023, there were 26 mortgage originations in Spring Garden, IL, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Spring Garden, IL. Investor activity is low, as 4.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 26 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Spring Garden, IL
Spring Garden, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 28 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | N/A |
% 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 | $1,060 |
| 4 Bedroom | N/A | N/A | $1,200 |
Affordability — Spring Garden, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $64,200 |