Goreville, IL—62939
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Goreville, IL
As of Oct '25, the median home price in Goreville, IL is $203,000, with a year-over-year change of -2.0%. This indicates that home prices in Goreville, IL are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $203,000 | -2.0% |
| Single Family | $203,000 | -2.9% |
| 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 | $216,000 | 0.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Goreville, IL
As of July '25, Rentcast reports the average rent in Goreville, IL is $1,140, with a year-over-year rent change of 90.0%. Per bedroom, the median rent as of July '25 in Goreville, IL is 2-bedrooms: $1,000, 3-bedrooms: $1,280. The most common rental property sizes in Goreville, IL are 2-bedroom and 3-bedroom, accounting for 57.4% and 35.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,000 | $1,000 |
| 3 Bed Rent | $1,280 | $1,280 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Goreville, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Goreville, IL is 81. This is a decrease of -2.0% 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 | $368,000 | 42.0% |
Listing Count | 18 | -7.0% |
| Listings as % of Homes | 0.9% | -7.0% |
Days on Market | 81 | -2.0% |
Demographics — Goreville, IL
As of the latest ACS Survey released in 2023, Goreville, IL has a population of 3,070, which has decreased by -1.3% over the past 5 years. Goreville, IL is a moderately popular place for families, as children make up 17.0% of the population. The area has a moderately educated workforce, with 35.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,070 | -1.3% |
% Under 18 | 17.0% | -16.3% |
% Seniors | 28.1% | 4.9% |
% WFH | 8.8% | 104.7% |
% w/ College Degree | 35.1% | 36.0% |
As of the latest ACS Survey released in 2023, Goreville, IL is a predominantly white area, with 91.8% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Goreville, IL is hispanic, making up 2.4% of the population. Foreign-born residents account for 0.2% of the population in Goreville, IL, and this percentage has decreased by 50.0% 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 | 91.8% | -7.2% |
% Black | 0.0% | N/A |
% Hispanic | 2.4% | 118.2% |
% Asian | 0.2% | ∞% |
% Foreign Born | 0.2% | -50.0% |
Mortgage and Risk — Goreville, IL
According to HUD data as of 2023, there were 37 mortgage originations in Goreville, IL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Goreville, IL. Investor activity is low, as 8.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 37 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Goreville, IL
Goreville, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 21 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 9.9% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | $20 | $1,000 | $1,020 |
| 3 Bedroom | $70 | $1,280 | $1,350 |
| 4 Bedroom | N/A | N/A | $1,700 |
Affordability — Goreville, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $203,000 |
| Median Household Income | $67,700 |