Wayne City, IL—62895
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wayne City, IL
Wayne City, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $129,000 | 1.3% |
| Single Family | $129,000 | 5.7% |
| 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 — Wayne City, IL
Wayne 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 — Wayne City, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Wayne City, IL is 65. This is a increase of 18.0% 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 | $112,000 | -18.0% |
Listing Count | 3 | -13.0% |
| Listings as % of Homes | N/A | -13.0% |
Days on Market | 65 | 18.0% |
Demographics — Wayne City, IL
As of the latest ACS Survey released in 2023, Wayne City, IL has a population of 2,090, which has increased by 3.1% over the past 5 years. Wayne City, IL is a moderately popular place for families, as children make up 19.9% of the population. The area has a poorly educated workforce, with 16.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,090 | 3.1% |
% Under 18 | 19.9% | -18.8% |
% Seniors | 24.9% | 1.2% |
% WFH | 6.9% | -6.8% |
% w/ College Degree | 16.4% | 26.2% |
Wayne City, IL lacks sufficient race and ethnicity data for analysis.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 97.8% | 0.1% |
% Black | 0.0% | N/A |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | N/A |
Mortgage and Risk — Wayne City, IL
According to HUD data as of 2023, there were 14 mortgage originations in Wayne City, IL, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Wayne City, IL. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 14 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Wayne City, IL
Wayne City, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 41 |
Total Units Section 8 | 11 |
% 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 | $750 |
| 2 Bedroom | N/A | N/A | $970 |
| 3 Bedroom | N/A | N/A | $1,180 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Wayne City, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | $129,000 |
| Median Household Income | $53,300 |