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Oregon, IL—61061

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$234,000
9.3% YoY Growth
Household Income
$86,700
45.6% YoY Growth
Days on Market
28
24.0% Shorter YoY
Home Price Forecast
2.7%
Median Rent
$1,200
96.4% YoY Growth
1-Bed Rent
$650
1.8% YoY Growth
2-Bed Rent
$2,050
N/A
3-Bed Rent
$1,200
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Oregon, IL

As of May '26, the median home price in Oregon, IL is $234,000, with a year-over-year change of 9.3%. 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 TypeMedian Home ValueYoY % Change
All Homes
$234,0009.3%
Single Family $235,0008.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$168,0007.0%
    3 Bed
    		$238,0009.2%
    4 Bed
    		$321,0007.4%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.5%
    1 Bedroom
    11.4%
    2 Bedrooms
    18.0%
    3 Bedrooms
    50.2%
    4 Bedrooms
    13.6%
    5+ Bedrooms
    6.3%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,200$1,300
    Studio Rent N/AN/A
    1 Bed Rent $650$650
    2 Bed Rent $2,050$2,050
    3 Bed Rent $1,200$1,200
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    42.3%
    2 Bedrooms
    13.5%
    3 Bedrooms
    39.2%
    4 Bedrooms
    5.0%

    Property Listings — Oregon, IL

    As of May '26, Realtor.com reports that the median days on market for a home in Oregon, IL is 28. This is a decrease of -24.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$230,0008.0%
    Listing Count
    		234.0%
    Listings as % of Homes0.7%4.0%
    Days on Market
    		28-24.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    		6,8006.6%
    % Under 18
    		17.7%4.7%
    % Seniors
    		25.9%-3.4%
    % WFH
    		5.9%11.3%
    % w/ College Degree
    		22.4%13.7%
    Loading chart...

    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$60$650$710
    2 Bedroom-$1,120$2,050$930
    3 Bedroom-$30$1,200$1,170
    4 BedroomN/AN/A$1,310

    Affordability — Oregon, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.2
    Median Home Price$234,000
    Median Household Income$86,700

    Oregon, IL — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    61054

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    61031

    Frequently Asked Questions