Thebes, IL—62990
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Thebes, IL
Home Price Trends — Thebes, IL
As of Oct '25, the median home price in Thebes, IL is $115,000, with a year-over-year change of -7.0%. This indicates that home prices in Thebes, IL are decreasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $115,000 | -7.0% |
| Single Family | $115,000 | -5.7% |
| 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 — Thebes, IL
Thebes, 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 — Thebes, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Thebes, IL is 258. This is a increase of 579.0% 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 | $656,000 | 410.0% |
Listing Count | 1 | -50.0% |
| Listings as % of Homes | 0.3% | -50.0% |
Days on Market | 258 | 579.0% |
Demographics — Thebes, IL
As of the latest ACS Survey released in 2023, Thebes, IL has a population of 1,040, which has increased by 28.9% over the past 5 years. Thebes, IL is a popular place for families, as children make up 27.4% of the population. The area has a poorly educated workforce, with 14.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,040 | 28.9% |
% Under 18 | 27.4% | -23.7% |
% Seniors | 25.9% | -3.0% |
% WFH | 4.5% | 1,025.0% |
% w/ College Degree | 14.1% | 30.6% |
As of the latest ACS Survey released in 2023, Thebes, IL is a predominantly white area, with 98.0% of the population identifying as white. The white population has grown by 14.8% in the last 5 years. The second most common race or ethnicity in Thebes, IL is asian, making up 0.7% of the population. Foreign-born residents account for 0.7% of the population in Thebes, IL, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 98.0% | 14.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.2% | ∞% |
% Asian | 0.7% | 0.0% |
% Foreign Born | 0.7% | 0.0% |
Mortgage and Risk — Thebes, IL
According to HUD data as of 2023, there were 10 mortgage originations in Thebes, IL, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Thebes, IL. Investor activity is low, as 0.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 10 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 0.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Thebes, IL
Thebes, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | $700 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Thebes, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $115,000 |
| Median Household Income | $61,000 |