Poplar Grove, IL—61065
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Poplar Grove, IL
As of Oct '25, the median home price in Poplar Grove, IL is $264,000, with a year-over-year change of 5.9%. This indicates that home prices in Poplar Grove, IL are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $264,000 | 6.0% |
| Single Family | $266,000 | 5.6% |
| Condos | $191,000 | 5.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $190,000 | 6.7% |
3 Bed | $250,000 | 6.4% |
4 Bed | $307,000 | 5.1% |
| 5 Bed | $334,000 | 4.4% |
% of Housing Stock
Rental Trends — Poplar Grove, IL
As of July '25, Rentcast reports the average rent in Poplar Grove, IL is $2,280, with a year-over-year rent change of 34.9%. Per bedroom, the median rent as of July '25 in Poplar Grove, IL is 3-bedrooms: $2,280. The most common rental property sizes in Poplar Grove, IL are 3-bedroom and 4-bedroom, accounting for 68.7% and 27.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,200 | $2,280 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Poplar Grove, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Poplar Grove, IL is 49. This is a increase of 21.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $280,000 | -12.0% |
Listing Count | 41 | -1.0% |
| Listings as % of Homes | 0.6% | -1.0% |
Days on Market | 49 | 21.0% |
Demographics — Poplar Grove, IL
As of the latest ACS Survey released in 2023, Poplar Grove, IL has a population of 10,900, which has increased by 5.5% over the past 5 years. Poplar Grove, IL is a popular place for families, as children make up 28.3% of the population. The area has a poorly educated workforce, with 22.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,900 | 5.5% |
% Under 18 | 28.3% | -2.7% |
% Seniors | 12.2% | 7.0% |
% WFH | 9.9% | 141.5% |
% w/ College Degree | 22.8% | -23.0% |
As of the latest ACS Survey released in 2023, Poplar Grove, IL is a predominantly white area, with 75.7% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Poplar Grove, IL is hispanic, making up 17.2% of the population. Foreign-born residents account for 6.5% of the population in Poplar Grove, IL, and this percentage has increased by 51.2% 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 | 75.7% | -8.5% |
% Black | 4.8% | -9.4% |
% Hispanic | 17.2% | 68.6% |
% Asian | 0.4% | -33.3% |
% Foreign Born | 6.5% | 51.2% |
Mortgage and Risk — Poplar Grove, IL
According to HUD data as of 2023, there were 257 mortgage originations in Poplar Grove, IL, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Poplar Grove, IL. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 257 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Poplar Grove, IL
Poplar Grove, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 22 |
Total Units Section 8 | 22 |
% Rentals under Section 8 | 9.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,350 |
| 2 Bedroom | N/A | N/A | $1,770 |
| 3 Bedroom | $140 | $2,200 | $2,340 |
| 4 Bedroom | N/A | N/A | $2,400 |
Affordability — Poplar Grove, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $264,000 |
| Median Household Income | $104,000 |