Norris City, IL—62869
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Norris City, IL
Norris City, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $111,000 | 1.6% |
| Single Family | $110,000 | 2.8% |
| 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 — Norris City, IL
Norris City, 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 — Norris City, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Norris City, IL is 90. This is a decrease of -32.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $176,000 | 78.0% |
Listing Count | 4 | 86.0% |
| Listings as % of Homes | 0.4% | 86.0% |
Days on Market | 90 | -32.0% |
Demographics — Norris City, IL
As of the latest ACS Survey released in 2023, Norris City, IL has a population of 2,750, which has increased by 2.1% over the past 5 years. Norris City, IL is a popular place for families, as children make up 29.1% of the population. The area has a poorly educated workforce, with 13.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,750 | 2.1% |
% Under 18 | 29.1% | 13.2% |
% Seniors | 17.2% | 33.3% |
% WFH | 4.3% | 59.3% |
% w/ College Degree | 13.5% | -7.5% |
As of the latest ACS Survey released in 2023, Norris City, IL is a predominantly white area, with 96.3% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Norris City, IL is hispanic, making up 2.1% of the population. Foreign-born residents account for 0.8% of the population in Norris City, IL, and this percentage has decreased by 55.6% 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 | 96.3% | -0.4% |
% Black | 0.2% | 0.0% |
% Hispanic | 2.1% | 10.5% |
% Asian | 0.7% | 600.0% |
% Foreign Born | 0.8% | -55.6% |
Mortgage and Risk — Norris City, IL
According to HUD data as of 2023, there were 26 mortgage originations in Norris City, IL, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Norris City, IL. Investor activity is low, as 0.0% of loans were by investors. 8.0% 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 | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Norris City, IL
Norris City, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 43 |
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 | $670 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,180 |
| 4 Bedroom | N/A | N/A | $1,240 |
Affordability — Norris City, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $111,000 |
| Median Household Income | $49,400 |