Shannon, IL 61078 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Shannon, IL—61078

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$169,000

13.2% YoY Growth

Household Income

$75,200

72.2% YoY Growth

Days on Market

60

4.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Shannon, IL

Shannon, IL lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$169,000	13.2%
Single Family	$169,000	11.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Shannon, IL

Shannon, 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

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% of Rental Stock

Studio

1.4%

1 Bedroom

36.5%

2 Bedrooms

21.6%

3 Bedrooms

20.3%

4 Bedrooms

20.3%

Property Listings — Shannon, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Shannon, IL is 54. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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	$367,000	43.0%
Listing Count	4	8.0%
Listings as % of Homes	0.6%	8.0%
Days on Market	60	-4.0%

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Demographics — Shannon, IL

As of the latest ACS Survey released in 2023, Shannon, IL has a population of 1,410, which has increased by 12.6% over the past 5 years. Shannon, IL is a popular place for families, as children make up 28.6% of the population. The area has a poorly educated workforce, with 18.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,410	12.6%
% Under 18	28.6%	82.2%
% Seniors	23.5%	4.4%
% WFH	12.0%	192.7%
% w/ College Degree	18.2%	7.7%

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As of the latest ACS Survey released in 2023, Shannon, IL is a predominantly white area, with 95.0% of the population identifying as white. The white population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Shannon, IL is hispanic, making up 1.8% of the population. Foreign-born residents account for 0.0% of the population in Shannon, IL, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	95.0%	-0.2%
% Black	0.0%	-100.0%
% Hispanic	1.8%	-30.8%
% Asian	0.4%	-78.9%
% Foreign Born	0.0%	-100.0%

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Mortgage and Risk — Shannon, IL

Shannon, IL lacks sufficient mortgage origination data for analysis.

Mortgages

Metric	Zip Code Average
Total Loan Originations	N/A
% Conventional Loans	N/A
% Government Loans	N/A
% Investor Loans	N/A
% Second Loans	N/A
% Cash Out Refinance	N/A

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Rentals and Section 8 — Shannon, IL

Shannon, 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	$840
2 Bedroom	N/A	N/A	$1,030
3 Bedroom	N/A	N/A	$1,340
4 Bedroom	N/A	N/A	$1,620

Shannon, IL—61078

Key Metrics at a Glance

Home Price Trends — Shannon, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Shannon, IL

% of Rental Stock

Property Listings — Shannon, IL

Demographics — Shannon, IL

Race and Ethnicity

Mortgage and Risk — Shannon, IL

Mortgages

Rentals and Section 8 — Shannon, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Shannon, IL

Home Price to Income Ratio

Shannon, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Pearl City, IL

Baileyville, IL

Forreston, IL

Freeport, IL

Milledgeville, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.7
Median Home Price	$169,000
Median Household Income	$75,200

Shannon, IL—61078

Key Metrics at a Glance

Home Price Trends — Shannon, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Shannon, IL

% of Rental Stock

Property Listings — Shannon, IL

Demographics — Shannon, IL

Race and Ethnicity

Mortgage and Risk — Shannon, IL

Mortgages

Rentals and Section 8 — Shannon, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Shannon, IL

Home Price to Income Ratio

Shannon, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Pearl City, IL

Baileyville, IL

Forreston, IL

Freeport, IL

Milledgeville, IL

Frequently Asked Questions

What is the average home price in Shannon, IL 61078?

How have home prices in Shannon, IL 61078 changed over the past year?

What is the home price projection for Shannon, IL 61078?

What are the demographics of Shannon, IL 61078?

How long does it take homes to sell in Shannon, IL 61078?

What is the average rent price in Shannon, IL 61078?