Dixon, IL—61021
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dixon, IL
As of Nov '25, the median home price in Dixon, IL is $169,000, with a year-over-year change of 8.6%. This indicates that home prices in Dixon, IL are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $169,000 | 8.6% |
| Single Family | $169,000 | 9.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $130,000 | 8.3% |
3 Bed | $185,000 | 8.2% |
4 Bed | $233,000 | 7.4% |
| 5 Bed | $267,127 | 6.3% |
% of Housing Stock
Rental Trends — Dixon, IL
As of July '25, Rentcast reports the average rent in Dixon, IL is $893, with a year-over-year rent change of -1.9%. Per bedroom, the median rent as of July '25 in Dixon, IL is 1-bedrooms: $745, 2-bedrooms: $883, 3-bedrooms: $1,080. The most common rental property sizes in Dixon, IL are 2-bedroom and 1-bedroom, accounting for 44.1% and 23.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $893 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $725 | $745 |
| 2 Bed Rent | $825 | $883 |
| 3 Bed Rent | $950 | $1,080 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Dixon, IL
As of Nov '25, Realtor.com reports that the median days on market for a home in Dixon, IL is 42. This is a decrease of -11.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $220,000 | 25.0% |
Listing Count | 65 | 15.0% |
| Listings as % of Homes | 0.4% | 15.0% |
Days on Market | 42 | -11.0% |
Demographics — Dixon, IL
As of the latest ACS Survey released in 2023, Dixon, IL has a population of 22,700, which has decreased by -1.5% over the past 5 years. Dixon, IL is a moderately popular place for families, as children make up 18.5% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,700 | -1.5% |
% Under 18 | 18.5% | -0.5% |
% Seniors | 21.3% | 20.3% |
% WFH | 4.7% | 34.3% |
% w/ College Degree | 21.2% | 8.2% |
As of the latest ACS Survey released in 2023, Dixon, IL is a predominantly white area, with 81.2% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Dixon, IL is hispanic, making up 8.0% of the population. Foreign-born residents account for 2.7% of the population in Dixon, IL, and this percentage has decreased by 3.6% 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 | 81.2% | -3.0% |
% Black | 7.6% | 8.6% |
% Hispanic | 8.0% | 21.2% |
% Asian | 0.6% | 0.0% |
% Foreign Born | 2.7% | -3.6% |
Mortgage and Risk — Dixon, IL
According to HUD data as of 2023, there were 265 mortgage originations in Dixon, IL, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Dixon, 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 | 265 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 5.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 9.0% |
Rentals and Section 8 — Dixon, IL
Dixon, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 399 |
Total Units Section 8 | 193 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $45 | $725 | $770 |
| 2 Bedroom | $45 | $825 | $870 |
| 3 Bedroom | $260 | $950 | $1,210 |
| 4 Bedroom | N/A | N/A | $1,300 |
Affordability — Dixon, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $169,000 |
| Median Household Income | $65,700 |