Creal Springs, IL—62922
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Creal Springs, IL
As of Oct '25, the median home price in Creal Springs, IL is $199,000, with a year-over-year change of -1.4%. This indicates that home prices in Creal Springs, IL are decreasing. 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 | $199,000 | -1.4% |
| Single Family | $200,000 | -2.0% |
| 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 — Creal Springs, IL
Creal Springs, 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 — Creal Springs, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Creal Springs, IL is 64. This is a increase of 4.0% 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 | $207,000 | -18.0% |
Listing Count | 17 | -2.0% |
| Listings as % of Homes | 0.5% | -2.0% |
Days on Market | 64 | 4.0% |
Demographics — Creal Springs, IL
As of the latest ACS Survey released in 2023, Creal Springs, IL has a population of 2,700, which has increased by 6.5% over the past 5 years. Creal Springs, IL is a moderately popular place for families, as children make up 22.1% of the population. The area has a poorly educated workforce, with 15.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,700 | 6.5% |
% Under 18 | 22.1% | 11.6% |
% Seniors | 20.2% | -19.2% |
% WFH | 10.7% | 197.2% |
% w/ College Degree | 15.0% | -28.6% |
As of the latest ACS Survey released in 2023, Creal Springs, IL is a predominantly white area, with 95.7% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Creal Springs, IL is hispanic, making up 2.4% of the population. Foreign-born residents account for 0.0% of the population in Creal Springs, IL, and this percentage has decreased by 100.0% 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 | 95.7% | -2.7% |
% Black | 0.0% | N/A |
% Hispanic | 2.4% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Creal Springs, IL
According to HUD data as of 2023, there were 54 mortgage originations in Creal Springs, IL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Creal Springs, IL. Investor activity is low, as 9.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 54 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 9.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Creal Springs, IL
Creal Springs, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 27 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $680 |
| 2 Bedroom | N/A | N/A | $890 |
| 3 Bedroom | N/A | N/A | $1,190 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — Creal Springs, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $199,000 |
| Median Household Income | $70,500 |