Carterville, IL 62918 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Carterville, IL—62918

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$199,000

2.9% YoY Growth

Household Income

$71,000

36.8% YoY Growth

Days on Market

3.0% Longer YoY

Home Price Forecast

-0.8%

Median Rent

$950

4.6% YoY Growth

1-Bed Rent

$575

N/A

2-Bed Rent

$800

29.0% YoY Growth

3-Bed Rent

$950

9.1% YoY Growth

Home Price Trends — Carterville, IL

As of May '26, the median home price in Carterville, IL is $199,000, with a year-over-year change of 2.9%. This indicates that home prices in Carterville, IL are increasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$199,000	2.9%
Single Family	$199,000	2.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Carterville, IL

As of July '25, Rentcast reports the average rent in Carterville, IL is $954, with a year-over-year rent change of -4.6%. Per bedroom, the median rent as of July '25 in Carterville, IL is studios: $1,500, 1-bedrooms: $615, 2-bedrooms: $854, 3-bedrooms: $1,100. The most common rental property sizes in Carterville, IL are 2-bedroom and 3-bedroom, accounting for 52.0% and 37.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$950	$954
Studio Rent	$1,500	$1,500
1 Bed Rent	$575	$615
2 Bed Rent	$800	$854
3 Bed Rent	$950	$1,100
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

7.4%

2 Bedrooms

52.0%

3 Bedrooms

37.2%

4 Bedrooms

1.7%

5+ Bedrooms

1.6%

Property Listings — Carterville, IL

As of May '26, Realtor.com reports that the median days on market for a home in Carterville, IL is 87. This is a increase of 3.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$224,000	-5.0%
Listing Count	61	3.0%
Listings as % of Homes	0.5%	3.0%
Days on Market	87	3.0%

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Demographics — Carterville, IL

As of the latest ACS Survey released in 2023, Carterville, IL has a population of 10,500, which has increased by 3.6% over the past 5 years. Carterville, IL is a moderately popular place for families, as children make up 23.7% of the population. The area has a moderately educated workforce, with 42.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	10,500	3.6%
% Under 18	23.7%	-6.0%
% Seniors	16.4%	5.8%
% WFH	6.6%	83.3%
% w/ College Degree	42.8%	18.6%

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As of the latest ACS Survey released in 2023, Carterville, IL is a predominantly white area, with 89.0% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Carterville, IL is hispanic, making up 2.8% of the population. Foreign-born residents account for 2.0% of the population in Carterville, IL, and this percentage has increased by 11.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	89.0%	1.3%
% Black	2.4%	-40.0%
% Hispanic	2.8%	-41.7%
% Asian	2.7%	107.7%
% Foreign Born	2.0%	11.1%

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Mortgage and Risk — Carterville, IL

According to HUD data as of 2023, there were 189 mortgage originations in Carterville, IL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Carterville, IL. Investor activity is low, as 14.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	189
% Conventional Loans	78.0%
% Government Loans	22.0%
% Investor Loans	14.0%
% Second Loans	1.0%
% Cash Out Refinance	5.0%

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Rentals and Section 8 — Carterville, IL

Carterville, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	141
Total Units Section 8	25
% Rentals under Section 8	1.9%
% Occupied Section 8	61.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$305	$575	$880
2 Bedroom	$350	$800	$1,150
3 Bedroom	$630	$950	$1,580
4 Bedroom	N/A	N/A	$1,720

Carterville, IL—62918

Key Metrics at a Glance

Home Price Trends — Carterville, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Carterville, IL

% of Rental Stock

Property Listings — Carterville, IL

Demographics — Carterville, IL

Race and Ethnicity

Mortgage and Risk — Carterville, IL

Mortgages

Rentals and Section 8 — Carterville, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Carterville, IL

Home Price to Income Ratio

Carterville, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Colp

Cambria

Energy, IL

Herrin, IL

Hurst

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.4
Median Home Price	$199,000
Median Household Income	$71,000

Carterville, IL—62918

Key Metrics at a Glance

Home Price Trends — Carterville, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Carterville, IL

% of Rental Stock

Property Listings — Carterville, IL

Demographics — Carterville, IL

Race and Ethnicity

Mortgage and Risk — Carterville, IL

Mortgages

Rentals and Section 8 — Carterville, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Carterville, IL

Home Price to Income Ratio

Carterville, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Colp

Cambria

Energy, IL

Herrin, IL

Hurst

Frequently Asked Questions

What is the average home price in Carterville, IL 62918?

How have home prices in Carterville, IL 62918 changed over the past year?

What is the home price projection for Carterville, IL 62918?

What are the demographics of Carterville, IL 62918?

How long does it take homes to sell in Carterville, IL 62918?

What is the average rent price in Carterville, IL 62918?