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Spring Grove, IL—60081

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$398,000
4.9% YoY Growth
Household Income
$116,000
30.7% YoY Growth
Days on Market
70
27.0% Shorter YoY
Home Price Forecast
2.0%
Median Rent
$1,200
31.3% YoY Growth
1-Bed Rent
$1,200
2.5% YoY Growth
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Spring Grove, IL

As of Dec '25, the median home price in Spring Grove, IL is $398,000, with a year-over-year change of 4.9%. This indicates that home prices in Spring Grove, IL are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$398,0004.9%
Single Family $400,0005.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$218,0005.8%
    3 Bed
    		$381,0004.4%
    4 Bed
    		$485,0004.1%
    5 Bed $544,4124.2%
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    % of Housing Stock

    1 Bedroom
    2.1%
    2 Bedrooms
    15.4%
    3 Bedrooms
    40.2%
    4 Bedrooms
    34.1%
    5+ Bedrooms
    8.2%

    Rental Trends — Spring Grove, IL

    As of July '25, Rentcast reports the average rent in Spring Grove, IL is $1,250, with a year-over-year rent change of -31.3%. Per bedroom, the median rent as of July '25 in Spring Grove, IL is 1-bedrooms: $1,250. The most common rental property sizes in Spring Grove, IL are 2-bedroom and 3-bedroom, accounting for 28.2% and 27.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,200$1,250
    Studio Rent N/AN/A
    1 Bed Rent $1,200$1,250
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    20.5%
    2 Bedrooms
    28.2%
    3 Bedrooms
    27.8%
    4 Bedrooms
    23.4%

    Property Listings — Spring Grove, IL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Spring Grove, IL is 44. This is a decrease of -39.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$539,00033.0%
    Listing Count
    		2928.0%
    Listings as % of Homes0.6%28.0%
    Days on Market
    		70-27.0%
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    Demographics — Spring Grove, IL

    As of the latest ACS Survey released in 2023, Spring Grove, IL has a population of 9,120, which has decreased by -5.6% over the past 5 years. Spring Grove, IL is a moderately popular place for families, as children make up 20.7% of the population. The area has a moderately educated workforce, with 33.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		9,120-5.6%
    % Under 18
    		20.7%-5.9%
    % Seniors
    		14.2%-0.7%
    % WFH
    		16.7%145.6%
    % w/ College Degree
    		33.2%34.4%
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    As of the latest ACS Survey released in 2023, Spring Grove, IL is a predominantly white area, with 84.3% of the population identifying as white. The white population has shrunk by 10.0% in the last 5 years. The second most common race or ethnicity in Spring Grove, IL is hispanic, making up 8.0% of the population. Foreign-born residents account for 3.9% of the population in Spring Grove, IL, and this percentage has increased by 11.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		84.3%-10.0%
    % Black
    		0.0%N/A
    % Hispanic
    		8.0%100.0%
    % Asian
    		0.8%0.0%
    % Foreign Born
    		3.9%11.4%
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    Mortgage and Risk — Spring Grove, IL

    According to HUD data as of 2023, there were 142 mortgage originations in Spring Grove, IL, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Spring Grove, IL. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		142
    % Conventional Loans
    		84.0%
    % Government Loans
    		16.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — Spring Grove, IL

    Spring Grove, IL lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		8
    Total Units Section 8
    		8
    % Rentals under Section 8
    		3.7%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$270$1,200$1,470
    2 BedroomN/AN/A$1,660
    3 BedroomN/AN/A$2,130
    4 BedroomN/AN/A$2,500

    Affordability — Spring Grove, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.9
    Median Home Price$398,000
    Median Household Income$116,000

    Spring Grove, IL — ZIP Code Boundary Map

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    Frequently Asked Questions