Winnebago, IL—61088
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Winnebago, IL
As of Oct '25, the median home price in Winnebago, IL is $267,000, with a year-over-year change of 4.4%. This indicates that home prices in Winnebago, IL are increasing. According to Zillow, the 1-year price projection is 4.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $267,000 | 4.4% |
| Single Family | $268,000 | 4.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $209,000 | 3.5% |
3 Bed | $260,000 | 4.8% |
4 Bed | $306,000 | 3.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Winnebago, IL
Winnebago, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,400 | $1,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Winnebago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Winnebago, IL is 27. This is a decrease of -6.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $257,000 | -8.0% |
Listing Count | 14 | -20.0% |
| Listings as % of Homes | 0.4% | -20.0% |
Days on Market | 27 | -6.0% |
Demographics — Winnebago, IL
As of the latest ACS Survey released in 2023, Winnebago, IL has a population of 5,990, which has remained stable by -1.0% over the past 5 years. Winnebago, IL is a popular place for families, as children make up 25.5% of the population. The area has a moderately educated workforce, with 28.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,990 | -1.0% |
% Under 18 | 25.5% | 4.9% |
% Seniors | 20.3% | 35.3% |
% WFH | 11.0% | 223.5% |
% w/ College Degree | 28.9% | -1.7% |
As of the latest ACS Survey released in 2023, Winnebago, IL is a predominantly white area, with 93.5% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Winnebago, IL is hispanic, making up 2.3% of the population. Foreign-born residents account for 2.0% of the population in Winnebago, IL, and this percentage has increased by 17.6% 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 | 93.5% | -1.0% |
% Black | 0.2% | -92.9% |
% Hispanic | 2.3% | 76.9% |
% Asian | 0.8% | 0.0% |
% Foreign Born | 2.0% | 17.6% |
Mortgage and Risk — Winnebago, IL
According to HUD data as of 2023, there were 108 mortgage originations in Winnebago, IL, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Winnebago, IL. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 108 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Winnebago, IL
Winnebago, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 25 |
Total Units Section 8 | 25 |
% Rentals under Section 8 | 9.7% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $950 |
| 2 Bedroom | N/A | N/A | $1,250 |
| 3 Bedroom | $250 | $1,400 | $1,650 |
| 4 Bedroom | N/A | N/A | $1,700 |
Affordability — Winnebago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $267,000 |
| Median Household Income | $94,300 |