Polo, IL—61064
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Polo, IL
As of Oct '25, the median home price in Polo, IL is $166,000, with a year-over-year change of 5.8%. This indicates that home prices in Polo, IL are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $166,000 | 5.8% |
| Single Family | $166,000 | 7.1% |
| 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 | $159,000 | 8.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Polo, IL
Polo, 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 — Polo, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Polo, IL is 64. This is a increase of 78.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $165,000 | -18.0% |
Listing Count | 17 | 83.0% |
| Listings as % of Homes | 0.3% | 83.0% |
Days on Market | 64 | 78.0% |
Demographics — Polo, IL
As of the latest ACS Survey released in 2023, Polo, IL has a population of 3,890, which has increased by 6.9% over the past 5 years. Polo, IL is a moderately popular place for families, as children make up 21.7% of the population. The area has a poorly educated workforce, with 17.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,890 | 6.9% |
% Under 18 | 21.7% | 0.5% |
% Seniors | 19.7% | -5.7% |
% WFH | 4.0% | -36.5% |
% w/ College Degree | 17.9% | -6.8% |
As of the latest ACS Survey released in 2023, Polo, IL is a predominantly white area, with 96.8% of the population identifying as white. The white population has grown by 2.0% in the last 5 years. The second most common race or ethnicity in Polo, IL is hispanic, making up 1.4% of the population. Foreign-born residents account for 1.5% of the population in Polo, IL, and this percentage has increased by 7.1% 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 | 96.8% | 2.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.4% | -58.8% |
% Asian | 0.3% | -66.7% |
% Foreign Born | 1.5% | 7.1% |
Mortgage and Risk — Polo, IL
According to HUD data as of 2023, there were 41 mortgage originations in Polo, IL, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Polo, IL. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 41 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Polo, IL
Polo, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 59 |
Total Units Section 8 | 9 |
% 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 | $730 |
| 2 Bedroom | N/A | N/A | $960 |
| 3 Bedroom | N/A | N/A | $1,200 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — Polo, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $166,000 |
| Median Household Income | $71,300 |