Oregon, IL—61061
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oregon, IL
As of Oct '25, the median home price in Oregon, IL is $218,000, with a year-over-year change of 8.3%. This indicates that home prices in Oregon, IL are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $218,000 | 8.3% |
| Single Family | $218,000 | 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 | $154,000 | 10.0% |
3 Bed | $221,000 | 10.0% |
4 Bed | $303,000 | 6.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Oregon, IL
As of July '25, Rentcast reports the average rent in Oregon, IL is $1,300, with a year-over-year rent change of 96.4%. Per bedroom, the median rent as of July '25 in Oregon, IL is 1-bedrooms: $650, 2-bedrooms: $2,050, 3-bedrooms: $1,200. The most common rental property sizes in Oregon, IL are 1-bedroom and 3-bedroom, accounting for 42.3% and 39.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $650 |
| 2 Bed Rent | $2,050 | $2,050 |
| 3 Bed Rent | $1,200 | $1,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Oregon, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Oregon, IL is 58. This is a increase of 11.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $260,000 | -1.0% |
Listing Count | 19 | -34.0% |
| Listings as % of Homes | 0.7% | -34.0% |
Days on Market | 58 | 11.0% |
Demographics — Oregon, IL
As of the latest ACS Survey released in 2023, Oregon, IL has a population of 6,800, which has increased by 6.6% over the past 5 years. Oregon, IL is a moderately popular place for families, as children make up 17.7% of the population. The area has a poorly educated workforce, with 22.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,800 | 6.6% |
% Under 18 | 17.7% | 4.7% |
% Seniors | 25.9% | -3.4% |
% WFH | 5.9% | 11.3% |
% w/ College Degree | 22.4% | 13.7% |
As of the latest ACS Survey released in 2023, Oregon, IL is a predominantly white area, with 91.7% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Oregon, IL is hispanic, making up 2.9% of the population. Foreign-born residents account for 1.6% of the population in Oregon, IL, and this percentage has increased by 220.0% 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 | 91.7% | -2.0% |
% Black | 0.5% | 150.0% |
% Hispanic | 2.9% | -32.6% |
% Asian | 1.3% | 1,200.0% |
% Foreign Born | 1.6% | 220.0% |
Mortgage and Risk — Oregon, IL
According to HUD data as of 2023, there were 63 mortgage originations in Oregon, IL, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Oregon, IL. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 63 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Oregon, IL
Oregon, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 96 |
Total Units Section 8 | 46 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 74.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $650 | $710 |
| 2 Bedroom | -$1,120 | $2,050 | $930 |
| 3 Bedroom | -$30 | $1,200 | $1,170 |
| 4 Bedroom | N/A | N/A | $1,310 |
Affordability — Oregon, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $218,000 |
| Median Household Income | $86,700 |