Ava, IL—62907
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ava, IL
As of Oct '25, the median home price in Ava, IL is $162,000, with a year-over-year change of 13.7%. This indicates that home prices in Ava, IL are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $162,000 | 13.7% |
| Single Family | $162,000 | 14.9% |
| 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 — Ava, IL
Ava, 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 — Ava, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Ava, IL is 150. This is a decrease of -4.0% 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 | $254,000 | -50.0% |
Listing Count | 5 | 0.0% |
| Listings as % of Homes | 0.6% | 0.0% |
Days on Market | 150 | -4.0% |
Demographics — Ava, IL
As of the latest ACS Survey released in 2023, Ava, IL has a population of 1,910, which has decreased by -4.2% over the past 5 years. Ava, IL is a popular place for families, as children make up 30.6% of the population. The area has a poorly educated workforce, with 18.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,910 | -4.2% |
% Under 18 | 30.6% | 16.8% |
% Seniors | 20.4% | 14.0% |
% WFH | 6.3% | 57.5% |
% w/ College Degree | 18.6% | 50.0% |
As of the latest ACS Survey released in 2023, Ava, IL is a predominantly white area, with 98.7% of the population identifying as white. The white population has grown by 10.7% in the last 5 years. The second most common race or ethnicity in Ava, IL is hispanic, making up 0.7% of the population. Foreign-born residents account for 0.1% of the population in Ava, IL, and this percentage has decreased by 50.0% 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 | 98.7% | 10.7% |
% Black | 0.2% | ∞% |
% Hispanic | 0.7% | -41.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.1% | -50.0% |
Mortgage and Risk — Ava, IL
According to HUD data as of 2023, there were 34 mortgage originations in Ava, IL, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Ava, IL. Investor activity is low, as 6.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 34 |
% Conventional Loans | 53.0% |
% Government Loans | 47.0% |
% Investor Loans | 6.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Ava, IL
Ava, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 16 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $770 |
| 2 Bedroom | N/A | N/A | $980 |
| 3 Bedroom | N/A | N/A | $1,270 |
| 4 Bedroom | N/A | N/A | $1,310 |
Affordability — Ava, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $162,000 |
| Median Household Income | $73,300 |