Davis, IL—61019
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Davis, IL
As of Oct '25, the median home price in Davis, IL is $258,000, with a year-over-year change of 7.6%. This indicates that home prices in Davis, IL are increasing. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $258,000 | 7.6% |
| Single Family | $258,000 | 7.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $205,000 | 9.6% |
3 Bed | $244,000 | 8.0% |
4 Bed | $314,000 | 5.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Davis, IL
As of July '25, Rentcast reports the average rent in Davis, IL is $1,750, with a year-over-year rent change of 8.0%. Per bedroom, the median rent as of July '25 in Davis, IL is 3-bedrooms: $1,750. The most common rental property sizes in Davis, IL are 3-bedroom and 2-bedroom, accounting for 52.6% and 33.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,750 | $1,750 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Davis, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Davis, IL is 65. This is a increase of 19.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $303,000 | 11.0% |
Listing Count | 24 | 70.0% |
| Listings as % of Homes | 1.0% | 70.0% |
Days on Market | 65 | 19.0% |
Demographics — Davis, IL
As of the latest ACS Survey released in 2023, Davis, IL has a population of 3,340, which has increased by 3.0% over the past 5 years. Davis, IL is a moderately popular place for families, as children make up 23.7% of the population. The area has a moderately educated workforce, with 25.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,340 | 3.0% |
% Under 18 | 23.7% | 4.9% |
% Seniors | 30.9% | 12.8% |
% WFH | 9.7% | 708.3% |
% w/ College Degree | 25.7% | -7.9% |
As of the latest ACS Survey released in 2023, Davis, IL is a predominantly white area, with 94.4% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Davis, IL is hispanic, making up 4.2% of the population. Foreign-born residents account for 0.9% of the population in Davis, IL, and this percentage has decreased by 57.1% 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 | 94.4% | -3.2% |
% Black | 0.5% | -28.6% |
% Hispanic | 4.2% | 2,000.0% |
% Asian | 0.5% | 0.0% |
% Foreign Born | 0.9% | -57.1% |
Mortgage and Risk — Davis, IL
According to HUD data as of 2023, there were 64 mortgage originations in Davis, IL, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Davis, IL. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 64 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Davis, IL
Davis, 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 | $950 |
| 2 Bedroom | N/A | N/A | $1,250 |
| 3 Bedroom | -$180 | $1,750 | $1,570 |
| 4 Bedroom | N/A | N/A | $1,730 |
Affordability — Davis, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $258,000 |
| Median Household Income | $100,000 |