Loda, IL—60948
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Loda, IL
Loda, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $249,000 | 3.6% |
| Single Family | $250,000 | 5.5% |
| 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 | $238,000 | 5.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Loda, IL
Loda, 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 — Loda, IL
As of Nov '25, Realtor.com reports that the median days on market for a home in Loda, IL is 134. This is a increase of 63.0% 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 | $242,000 | 5.0% |
Listing Count | 11 | -24.0% |
| Listings as % of Homes | 0.5% | -24.0% |
Days on Market | 134 | 63.0% |
Demographics — Loda, IL
As of the latest ACS Survey released in 2023, Loda, IL has a population of 1,840, which has increased by 22.9% over the past 5 years. Loda, IL is a popular place for families, as children make up 25.7% of the population. The area has a poorly educated workforce, with 21.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,840 | 22.9% |
% Under 18 | 25.7% | 23.0% |
% Seniors | 25.9% | 16.7% |
% WFH | 19.0% | 258.5% |
% w/ College Degree | 21.3% | -41.6% |
As of the latest ACS Survey released in 2023, Loda, IL is a predominantly white area, with 96.8% of the population identifying as white. The white population has grown by 6.4% in the last 5 years. The second most common race or ethnicity in Loda, IL is black, making up 1.0% of the population. Foreign-born residents account for 0.3% of the population in Loda, IL, and this percentage has decreased by 90.3% 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 | 96.8% | 6.4% |
% Black | 1.0% | -64.3% |
% Hispanic | 0.5% | -68.8% |
% Asian | 0.1% | -91.7% |
% Foreign Born | 0.3% | -90.3% |
Mortgage and Risk — Loda, IL
According to HUD data as of 2023, there were 55 mortgage originations in Loda, IL, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Loda, IL. Investor activity is low, as 5.0% 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 | 55 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Rentals and Section 8 — Loda, IL
Loda, 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 | $720 |
| 2 Bedroom | N/A | N/A | $940 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,360 |
Affordability — Loda, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $249,000 |
| Median Household Income | $86,000 |