Harrisburg, IL—62946
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Harrisburg, IL
Harrisburg, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $86,000 | -3.7% |
| Single Family | $86,000 | -4.4% |
| 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 — Harrisburg, IL
As of July '25, Rentcast reports the average rent in Harrisburg, IL is $674, with a year-over-year rent change of 49.1%. Per bedroom, the median rent as of July '25 in Harrisburg, IL is 1-bedrooms: $800, 2-bedrooms: $649. The most common rental property sizes in Harrisburg, IL are 2-bedroom and 1-bedroom, accounting for 40.9% and 30.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $720 | $674 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $800 |
| 2 Bed Rent | $720 | $649 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Harrisburg, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Harrisburg, IL is 63. This is a decrease of -43.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $131,000 | 8.0% |
Listing Count | 41 | -9.0% |
| Listings as % of Homes | 0.6% | -9.0% |
Days on Market | 63 | -43.0% |
Demographics — Harrisburg, IL
As of the latest ACS Survey released in 2023, Harrisburg, IL has a population of 11,500, which has decreased by -9.5% over the past 5 years. Harrisburg, IL is a moderately popular place for families, as children make up 21.4% of the population. The area has a poorly educated workforce, with 23.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,500 | -9.5% |
% Under 18 | 21.4% | -1.4% |
% Seniors | 21.1% | 12.8% |
% WFH | 4.7% | 62.1% |
% w/ College Degree | 23.3% | 34.7% |
As of the latest ACS Survey released in 2023, Harrisburg, IL is a predominantly white area, with 93.4% of the population identifying as white. The white population has grown by 3.0% in the last 5 years. The second most common race or ethnicity in Harrisburg, IL is black, making up 2.6% of the population. Foreign-born residents account for 0.1% of the population in Harrisburg, IL, and this percentage has decreased by 92.3% 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 | 93.4% | 3.0% |
% Black | 2.6% | -16.1% |
% Hispanic | 1.0% | -23.1% |
% Asian | 0.2% | -81.8% |
% Foreign Born | 0.1% | -92.3% |
Mortgage and Risk — Harrisburg, IL
According to HUD data as of 2023, there were 107 mortgage originations in Harrisburg, IL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Harrisburg, IL. Investor activity is low, as 11.0% 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 | 107 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 11.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Harrisburg, IL
Harrisburg, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 328 |
Total Units Section 8 | 49 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 68.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $800 | $660 |
| 2 Bedroom | $150 | $720 | $870 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,170 |
Affordability — Harrisburg, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.5 |
| Median Home Price | $86,000 |
| Median Household Income | $55,600 |