Carbondale, IL—62902
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carbondale, IL
As of Oct '25, the median home price in Carbondale, IL is $181,000, with a year-over-year change of 13.2%. This indicates that home prices in Carbondale, IL are increasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $181,000 | 13.2% |
| Single Family | $181,000 | 12.4% |
| 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 — Carbondale, IL
As of July '25, Rentcast reports the average rent in Carbondale, IL is $688, with a year-over-year rent change of 10.1%. Per bedroom, the median rent as of July '25 in Carbondale, IL is 1-bedrooms: $525, 2-bedrooms: $850. The most common rental property sizes in Carbondale, IL are 2-bedroom and 1-bedroom, accounting for 64.4% and 21.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $525 | $688 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $525 | $525 |
| 2 Bed Rent | $850 | $850 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Carbondale, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Carbondale, IL is 54. This is a decrease of -23.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $409,000 | -13.0% |
Listing Count | 14 | -43.0% |
| Listings as % of Homes | 0.5% | -43.0% |
Days on Market | 54 | -23.0% |
Demographics — Carbondale, IL
As of the latest ACS Survey released in 2023, Carbondale, IL has a population of 4,220, which has decreased by -7.7% over the past 5 years. Carbondale, IL is a moderately popular place for families, as children make up 15.8% of the population. The area has a highly educated workforce, with 47.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,220 | -7.7% |
% Under 18 | 15.8% | -11.2% |
% Seniors | 19.6% | 40.0% |
% WFH | 9.4% | 276.0% |
% w/ College Degree | 47.1% | 4.9% |
As of the latest ACS Survey released in 2023, Carbondale, IL is a predominantly white area, with 89.9% of the population identifying as white. The white population has grown by 14.7% in the last 5 years. The second most common race or ethnicity in Carbondale, IL is hispanic, making up 4.1% of the population. Foreign-born residents account for 4.3% of the population in Carbondale, IL, and this percentage has decreased by 41.1% 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 | 89.9% | 14.7% |
% Black | 2.6% | -70.1% |
% Hispanic | 4.1% | 17.1% |
% Asian | 2.0% | -37.5% |
% Foreign Born | 4.3% | -41.1% |
Mortgage and Risk — Carbondale, IL
According to HUD data as of 2023, there were 10 mortgage originations in Carbondale, IL, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Carbondale, IL. Investor activity is high, as 30.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 10 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 30.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Carbondale, IL
Carbondale, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 29 |
Total Units Section 8 | 29 |
% Rentals under Section 8 | 4.5% |
% Occupied Section 8 | 55.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $215 | $525 | $740 |
| 2 Bedroom | $90 | $850 | $940 |
| 3 Bedroom | N/A | N/A | $1,250 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — Carbondale, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $181,000 |
| Median Household Income | $75,300 |