Loda, IL 60948 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Loda, IL—60948

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$249,000

3.6% YoY Growth

Household Income

$86,000

24.2% YoY Growth

Days on Market

121

60.0% Longer YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

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

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

Loading chart...

% of Rental Stock

2 Bedrooms

17.4%

3 Bedrooms

56.5%

4 Bedrooms

26.1%

Property Listings — Loda, IL

As of Dec '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	$266,000	12.0%
Listing Count	9	-21.0%
Listings as % of Homes	0.5%	-21.0%
Days on Market	121	60.0%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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

Loda, IL—60948

Key Metrics at a Glance

Home Price Trends — Loda, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Loda, IL

% of Rental Stock

Property Listings — Loda, IL

Demographics — Loda, IL

Race and Ethnicity

Mortgage and Risk — Loda, IL

Mortgages

Rentals and Section 8 — Loda, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Loda, IL

Home Price to Income Ratio

Loda, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Paxton, IL

Roberts, IL

Ludlow, IL

Thawville, IL

Melvin, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.4
Median Home Price	$249,000
Median Household Income	$86,000

Loda, IL—60948

Key Metrics at a Glance

Home Price Trends — Loda, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Loda, IL

% of Rental Stock

Property Listings — Loda, IL

Demographics — Loda, IL

Race and Ethnicity

Mortgage and Risk — Loda, IL

Mortgages

Rentals and Section 8 — Loda, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Loda, IL

Home Price to Income Ratio

Loda, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Paxton, IL

Roberts, IL

Ludlow, IL

Thawville, IL

Melvin, IL

Frequently Asked Questions

What is the average home price in Loda, IL 60948?

How have home prices in Loda, IL 60948 changed over the past year?

What is the home price projection for Loda, IL 60948?

What are the demographics of Loda, IL 60948?

How long does it take homes to sell in Loda, IL 60948?

What is the average rent price in Loda, IL 60948?