Gardner, IL—60424
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gardner, IL
As of Nov '25, the median home price in Gardner, IL is $232,000, with a year-over-year change of 5.9%. This indicates that home prices in Gardner, IL are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $232,000 | 5.9% |
| Single Family | $232,000 | 4.0% |
| 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 | $227,000 | 4.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gardner, IL
Gardner, 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 — Gardner, IL
As of Nov '25, Realtor.com reports that the median days on market for a home in Gardner, IL is 43. This is a decrease of -38.0% 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 | $279,000 | -70.0% |
Listing Count | 7 | 0.0% |
| Listings as % of Homes | 0.3% | 0.0% |
Days on Market | 43 | -38.0% |
Demographics — Gardner, IL
As of the latest ACS Survey released in 2023, Gardner, IL has a population of 2,170, which has decreased by -12.0% over the past 5 years. Gardner, IL is a moderately popular place for families, as children make up 24.8% of the population. The area has a poorly educated workforce, with 18.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,170 | -12.0% |
% Under 18 | 24.8% | 29.8% |
% Seniors | 15.8% | 9.7% |
% WFH | 2.2% | 10.0% |
% w/ College Degree | 18.2% | 54.2% |
As of the latest ACS Survey released in 2023, Gardner, IL is a predominantly white area, with 86.2% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Gardner, IL is hispanic, making up 11.0% of the population. Foreign-born residents account for 0.9% of the population in Gardner, IL, and this percentage has decreased by 78.0% 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 | 86.2% | -6.3% |
% Black | 0.2% | 0.0% |
% Hispanic | 11.0% | 80.3% |
% Asian | 0.3% | -80.0% |
% Foreign Born | 0.9% | -78.0% |
Mortgage and Risk — Gardner, IL
According to HUD data as of 2023, there were 84 mortgage originations in Gardner, IL, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Gardner, IL. Investor activity is low, as 5.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 84 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Rentals and Section 8 — Gardner, IL
Gardner, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 4.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,030 |
| 2 Bedroom | N/A | N/A | $1,350 |
| 3 Bedroom | N/A | N/A | $1,790 |
| 4 Bedroom | N/A | N/A | $1,790 |
Affordability — Gardner, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $232,000 |
| Median Household Income | $81,000 |