Elkville, IL—62932
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elkville, IL
As of Oct '25, the median home price in Elkville, IL is $90,000, with a year-over-year change of 3.2%. This indicates that home prices in Elkville, IL are increasing. According to Zillow, the 1-year price projection is -2.0%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $90,000 | 3.2% |
| Single Family | $90,000 | 4.7% |
| 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 — Elkville, IL
Elkville, 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 — Elkville, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Elkville, IL is 30. This is a increase of 88.0% 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 | $120,000 | -57.0% |
Listing Count | 8 | 47.0% |
| Listings as % of Homes | 0.2% | 47.0% |
Days on Market | 30 | 88.0% |
Demographics — Elkville, IL
As of the latest ACS Survey released in 2023, Elkville, IL has a population of 1,180, which has decreased by -21.4% over the past 5 years. Elkville, IL is a moderately popular place for families, as children make up 19.9% of the population. The area has a poorly educated workforce, with 10.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,180 | -21.4% |
% Under 18 | 19.9% | -13.5% |
% Seniors | 28.9% | 76.2% |
% WFH | 5.1% | 920.0% |
% w/ College Degree | 10.6% | -36.9% |
As of the latest ACS Survey released in 2023, Elkville, IL is a predominantly white area, with 84.8% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Elkville, IL is hispanic, making up 8.2% of the population. Foreign-born residents account for 3.5% of the population in Elkville, IL, and this percentage has increased by 600.0% 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 | 84.8% | -8.1% |
% Black | 0.6% | -68.4% |
% Hispanic | 8.2% | 90.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 3.5% | 600.0% |
Mortgage and Risk — Elkville, IL
Elkville, 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 — Elkville, IL
Elkville, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 42 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 4.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $690 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,140 |
| 4 Bedroom | N/A | N/A | $1,190 |
Affordability — Elkville, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $90,000 |
| Median Household Income | $45,000 |