Makanda, IL 62958 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Makanda, IL—62958

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$185,000

9.0% YoY Growth

Household Income

$68,300

4.5% YoY Growth

Days on Market

96.0% Longer YoY

Home Price Forecast

0.2%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Makanda, IL

As of Dec '25, the median home price in Makanda, IL is $185,000, with a year-over-year change of 9.0%. This indicates that home prices in Makanda, IL are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$185,000	9.0%
Single Family	$185,000	8.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Makanda, IL

Makanda, 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

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% of Rental Stock

1 Bedroom

12.9%

2 Bedrooms

54.1%

3 Bedrooms

33.0%

Property Listings — Makanda, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Makanda, IL is 60. This is a increase of 101.0% 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	$325,000	17.0%
Listing Count	12	64.0%
Listings as % of Homes	1.2%	64.0%
Days on Market	72	96.0%

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Demographics — Makanda, IL

As of the latest ACS Survey released in 2023, Makanda, IL has a population of 2,070, which has decreased by -3.6% over the past 5 years. Makanda, IL is a moderately popular place for families, as children make up 23.0% of the population. The area has a highly educated workforce, with 48.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,070	-3.6%
% Under 18	23.0%	21.1%
% Seniors	21.2%	3.9%
% WFH	7.9%	-6.0%
% w/ College Degree	48.0%	-6.1%

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As of the latest ACS Survey released in 2023, Makanda, IL is a predominantly white area, with 90.6% of the population identifying as white. The white population has grown by 4.1% in the last 5 years. The second most common race or ethnicity in Makanda, IL is asian, making up 3.5% of the population. Foreign-born residents account for 3.5% of the population in Makanda, IL, and this percentage has decreased by 49.3% 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	90.6%	4.1%
% Black	2.8%	-12.5%
% Hispanic	1.4%	-39.1%
% Asian	3.5%	-18.6%
% Foreign Born	3.5%	-49.3%

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Mortgage and Risk — Makanda, IL

According to HUD data as of 2023, there were 34 mortgage originations in Makanda, IL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Makanda, IL. Investor activity is low, as 12.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	34
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	12.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Makanda, IL

Makanda, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	4
Total Units Section 8	4
% Rentals under Section 8	1.9%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$770
2 Bedroom	N/A	N/A	$980
3 Bedroom	N/A	N/A	$1,290
4 Bedroom	N/A	N/A	$1,410

Makanda, IL—62958

Key Metrics at a Glance

Home Price Trends — Makanda, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Makanda, IL

% of Rental Stock

Property Listings — Makanda, IL

Demographics — Makanda, IL

Race and Ethnicity

Mortgage and Risk — Makanda, IL

Mortgages

Rentals and Section 8 — Makanda, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Makanda, IL

Home Price to Income Ratio

Makanda, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Carbondale, IL

Carbondale, IL

Carbondale, IL

Buncombe, IL

Goreville, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.3
Median Home Price	$185,000
Median Household Income	$68,300

Makanda, IL—62958

Key Metrics at a Glance

Home Price Trends — Makanda, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Makanda, IL

% of Rental Stock

Property Listings — Makanda, IL

Demographics — Makanda, IL

Race and Ethnicity

Mortgage and Risk — Makanda, IL

Mortgages

Rentals and Section 8 — Makanda, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Makanda, IL

Home Price to Income Ratio

Makanda, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Carbondale, IL

Carbondale, IL

Carbondale, IL

Buncombe, IL

Goreville, IL

Frequently Asked Questions

What is the average home price in Makanda, IL 62958?

How have home prices in Makanda, IL 62958 changed over the past year?

What is the home price projection for Makanda, IL 62958?

What are the demographics of Makanda, IL 62958?

How long does it take homes to sell in Makanda, IL 62958?

What is the average rent price in Makanda, IL 62958?