De Soto, IL—62924
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — De Soto, IL
As of Oct '25, the median home price in De Soto, IL is $107,000, with a year-over-year change of 15.2%. This indicates that home prices in De Soto, 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 | $107,000 | 15.2% |
| Single Family | $107,000 | 13.8% |
| 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 — De Soto, IL
De Soto, 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 — De Soto, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in De Soto, IL is 80. This is a increase of 55.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $120,000 | -33.0% |
Listing Count | 14 | 132.0% |
| Listings as % of Homes | 0.5% | 132.0% |
Days on Market | 80 | 55.0% |
Demographics — De Soto, IL
As of the latest ACS Survey released in 2023, De Soto, IL has a population of 3,060, which has increased by 3.9% over the past 5 years. De Soto, IL is a popular place for families, as children make up 26.2% of the population. The area has a poorly educated workforce, with 23.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,060 | 3.9% |
% Under 18 | 26.2% | 5.6% |
% Seniors | 15.4% | -5.5% |
% WFH | 10.3% | 232.3% |
% w/ College Degree | 23.0% | 2.7% |
As of the latest ACS Survey released in 2023, De Soto, IL is a predominantly white area, with 93.4% of the population identifying as white. The white population has grown by 3.8% in the last 5 years. The second most common race or ethnicity in De Soto, IL is black, making up 1.6% of the population. Foreign-born residents account for 0.8% of the population in De Soto, IL, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.4% | 3.8% |
% Black | 1.6% | 77.8% |
% Hispanic | 0.2% | -96.7% |
% Asian | 0.4% | 33.3% |
% Foreign Born | 0.8% | 0.0% |
Mortgage and Risk — De Soto, IL
According to HUD data as of 2023, there were 40 mortgage originations in De Soto, IL, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 91.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in De Soto, IL. Investor activity is high, as 22.0% 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 | 40 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 22.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — De Soto, IL
De Soto, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 30 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $850 |
| 2 Bedroom | N/A | N/A | $1,080 |
| 3 Bedroom | N/A | N/A | $1,420 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — De Soto, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.5 |
| Median Home Price | $107,000 |
| Median Household Income | $57,700 |