Milledgeville, IL 61051 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Milledgeville, IL—61051

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$142,000

12.4% YoY Growth

Household Income

$63,100

8.2% YoY Growth

Days on Market

62

40.0% 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 — Milledgeville, IL

Milledgeville, IL lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$142,000	12.4%
Single Family	$142,000	11.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Milledgeville, IL

Milledgeville, 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

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% of Rental Stock

1 Bedroom

42.0%

2 Bedrooms

17.0%

3 Bedrooms

41.1%

Property Listings — Milledgeville, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Milledgeville, IL is 67. This is a increase of 150.0% 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	$135,000	-14.0%
Listing Count	8	86.0%
Listings as % of Homes	0.5%	86.0%
Days on Market	62	40.0%

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Demographics — Milledgeville, IL

As of the latest ACS Survey released in 2023, Milledgeville, IL has a population of 1,520, which has decreased by -9.9% over the past 5 years. Milledgeville, IL is a moderately popular place for families, as children make up 23.6% of the population. The area has a poorly educated workforce, with 15.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,520	-9.9%
% Under 18	23.6%	1.7%
% Seniors	20.0%	13.0%
% WFH	2.5%	38.9%
% w/ College Degree	15.7%	5.4%

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As of the latest ACS Survey released in 2023, Milledgeville, IL is a predominantly white area, with 94.3% of the population identifying as white. The white population has grown by 1.9% in the last 5 years. The second most common race or ethnicity in Milledgeville, IL is hispanic, making up 5.3% of the population. Foreign-born residents account for 0.2% of the population in Milledgeville, IL, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	94.3%	1.9%
% Black	0.1%	-80.0%
% Hispanic	5.3%	10.4%
% Asian	0.0%	N/A
% Foreign Born	0.2%	∞%

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Mortgage and Risk — Milledgeville, IL

According to HUD data as of 2023, there were 30 mortgage originations in Milledgeville, IL, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Milledgeville, IL. Investor activity is low, as 3.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	30
% Conventional Loans	73.0%
% Government Loans	27.0%
% Investor Loans	3.0%
% Second Loans	3.0%
% Cash Out Refinance	17.0%

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Rentals and Section 8 — Milledgeville, IL

Milledgeville, 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	$710
2 Bedroom	N/A	N/A	$870
3 Bedroom	N/A	N/A	$1,130
4 Bedroom	N/A	N/A	$1,390

Milledgeville, IL—61051

Key Metrics at a Glance

Home Price Trends — Milledgeville, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Milledgeville, IL

% of Rental Stock

Property Listings — Milledgeville, IL

Demographics — Milledgeville, IL

Race and Ethnicity

Mortgage and Risk — Milledgeville, IL

Mortgages

Rentals and Section 8 — Milledgeville, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Milledgeville, IL

Home Price to Income Ratio

Milledgeville, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Chadwick, IL

Sterling, IL

Polo, IL

Shannon, IL

Forreston, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.7
Median Home Price	$142,000
Median Household Income	$63,100

Milledgeville, IL—61051

Key Metrics at a Glance

Home Price Trends — Milledgeville, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Milledgeville, IL

% of Rental Stock

Property Listings — Milledgeville, IL

Demographics — Milledgeville, IL

Race and Ethnicity

Mortgage and Risk — Milledgeville, IL

Mortgages

Rentals and Section 8 — Milledgeville, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Milledgeville, IL

Home Price to Income Ratio

Milledgeville, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Chadwick, IL

Sterling, IL

Polo, IL

Shannon, IL

Forreston, IL

Frequently Asked Questions

What is the average home price in Milledgeville, IL 61051?

How have home prices in Milledgeville, IL 61051 changed over the past year?

What is the home price projection for Milledgeville, IL 61051?

What are the demographics of Milledgeville, IL 61051?

How long does it take homes to sell in Milledgeville, IL 61051?

What is the average rent price in Milledgeville, IL 61051?