Galatia, IL—62935
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Galatia, IL
Galatia, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $118,000 | -5.1% |
| Single Family | $118,000 | -4.8% |
| 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 — Galatia, IL
Galatia, 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 — Galatia, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Galatia, IL is 140. This is a decrease of -18.0% 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 | $66,100 | -1.0% |
Listing Count | 9 | 53.0% |
| Listings as % of Homes | 0.5% | 53.0% |
Days on Market | 140 | -18.0% |
Demographics — Galatia, IL
As of the latest ACS Survey released in 2023, Galatia, IL has a population of 2,250, which has increased by 24.8% over the past 5 years. Galatia, IL is a moderately popular place for families, as children make up 21.8% of the population. The area has a poorly educated workforce, with 15.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,250 | 24.8% |
% Under 18 | 21.8% | 22.5% |
% Seniors | 16.7% | -20.5% |
% WFH | 5.0% | 4.2% |
% w/ College Degree | 15.2% | -27.3% |
As of the latest ACS Survey released in 2023, Galatia, IL is a predominantly white area, with 94.8% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Galatia, IL is black, making up 1.0% of the population. Foreign-born residents account for 0.0% of the population in Galatia, 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 | 94.8% | -3.0% |
% Black | 1.0% | 233.3% |
% Hispanic | 0.8% | -27.3% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Galatia, IL
According to HUD data as of 2023, there were 32 mortgage originations in Galatia, IL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Galatia, IL. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 32 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Galatia, IL
Galatia, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 33 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $720 |
| 2 Bedroom | N/A | N/A | $940 |
| 3 Bedroom | N/A | N/A | $1,260 |
| 4 Bedroom | N/A | N/A | $1,260 |
Affordability — Galatia, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $118,000 |
| Median Household Income | $61,000 |