Carbondale, IL—62903
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 $185,000, with a year-over-year change of 20.2%. This indicates that home prices in Carbondale, IL are increasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $185,000 | 20.2% |
| Single Family | $185,000 | 19.4% |
| 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 $875, with a year-over-year rent change of -14.2%. Per bedroom, the median rent as of July '25 in Carbondale, IL is 2-bedrooms: $875. The most common rental property sizes in Carbondale, IL are 2-bedroom and 3-bedroom, accounting for 66.2% and 14.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $875 | $875 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $875 | $875 |
| 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 44. This is a decrease of -44.0% 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 | $340,000 | 36.0% |
Listing Count | 6 | 6.0% |
| Listings as % of Homes | 0.6% | 6.0% |
Days on Market | 44 | -44.0% |
Demographics — Carbondale, IL
As of the latest ACS Survey released in 2023, Carbondale, IL has a population of 2,530, which has decreased by -21.1% over the past 5 years. Carbondale, IL is a popular place for families, as children make up 25.2% of the population. The area has a highly educated workforce, with 45.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,530 | -21.1% |
% Under 18 | 25.2% | 16.7% |
% Seniors | 12.5% | 33.0% |
% WFH | 9.7% | 470.6% |
% w/ College Degree | 45.5% | -23.0% |
As of the latest ACS Survey released in 2023, Carbondale, IL is a predominantly white area, with 65.1% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Carbondale, IL is black, making up 17.1% of the population. Foreign-born residents account for 4.9% of the population in Carbondale, IL, and this percentage has decreased by 54.2% 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 | 65.1% | -2.5% |
% Black | 17.1% | 90.0% |
% Hispanic | 0.4% | -95.7% |
% Asian | 9.2% | 22.7% |
% Foreign Born | 4.9% | -54.2% |
Mortgage and Risk — Carbondale, IL
Carbondale, 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 |
Loan Activity
No data available
Rentals and Section 8 — Carbondale, IL
Carbondale, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 31 |
Total Units Section 8 | 31 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 57.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $780 |
| 2 Bedroom | $115 | $875 | $990 |
| 3 Bedroom | N/A | N/A | $1,290 |
| 4 Bedroom | N/A | N/A | $1,310 |
Affordability — Carbondale, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $185,000 |
| Median Household Income | $39,500 |