Pearl City, IL—61062
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pearl City, IL
As of Nov '25, the median home price in Pearl City, IL is $210,000, with a year-over-year change of 9.3%. This indicates that home prices in Pearl City, IL are increasing. According to Zillow, the 1-year price projection is 5.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $210,000 | 9.3% |
| Single Family | $211,000 | 10.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pearl City, IL
Pearl City, 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 |
% of Rental Stock
Property Listings — Pearl City, IL
As of Nov '25, Realtor.com reports that the median days on market for a home in Pearl City, IL is 150. This is a decrease of -47.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $185,000 | -48.0% |
Listing Count | 6 | 100.0% |
| Listings as % of Homes | 0.4% | 100.0% |
Days on Market | 150 | -47.0% |
Demographics — Pearl City, IL
As of the latest ACS Survey released in 2023, Pearl City, IL has a population of 1,880, which has increased by 4.3% over the past 5 years. Pearl City, IL is a popular place for families, as children make up 32.7% of the population. The area has a moderately educated workforce, with 25.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,880 | 4.3% |
% Under 18 | 32.7% | 41.6% |
% Seniors | 15.5% | -15.3% |
% WFH | 9.1% | 31.9% |
% w/ College Degree | 25.3% | 16.1% |
As of the latest ACS Survey released in 2023, Pearl City, IL is a predominantly white area, with 90.6% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Pearl City, IL is hispanic, making up 5.0% of the population. Foreign-born residents account for 2.8% of the population in Pearl City, IL, and this percentage has increased by 100.0% 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 | 90.6% | -5.0% |
% Black | 3.6% | ∞% |
% Hispanic | 5.0% | 61.3% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.8% | 100.0% |
Mortgage and Risk — Pearl City, IL
According to HUD data as of 2023, there were 20 mortgage originations in Pearl City, IL, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Pearl City, IL. Investor activity is low, as 5.0% of loans were by investors. 30.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 20 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 30.0% |
Rentals and Section 8 — Pearl City, IL
Pearl City, 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 | $660 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,060 |
| 4 Bedroom | N/A | N/A | $1,220 |
Affordability — Pearl City, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $210,000 |
| Median Household Income | $78,900 |