Coal Valley, IL—61240
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Coal Valley, IL
As of Oct '25, the median home price in Coal Valley, IL is $264,000, with a year-over-year change of 3.0%. This indicates that home prices in Coal Valley, IL are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $264,000 | 3.0% |
| Single Family | $264,000 | 3.5% |
| 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 | $257,000 | 3.6% |
4 Bed | $337,000 | 2.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Coal Valley, IL
As of July '25, Rentcast reports the average rent in Coal Valley, IL is $1,330, with a year-over-year rent change of -30.4%. Per bedroom, the median rent as of July '25 in Coal Valley, IL is 2-bedrooms: $940, 4-bedrooms: $2,500. The most common rental property sizes in Coal Valley, IL are 3-bedroom and 2-bedroom, accounting for 62.9% and 23.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,330 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,000 | $940 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Coal Valley, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Coal Valley, IL is 29. This is a increase of 47.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $223,000 | -2.0% |
Listing Count | 23 | 62.0% |
| Listings as % of Homes | 0.4% | 62.0% |
Days on Market | 29 | 47.0% |
Demographics — Coal Valley, IL
As of the latest ACS Survey released in 2023, Coal Valley, IL has a population of 5,990, which has decreased by -2.4% over the past 5 years. Coal Valley, IL is a moderately popular place for families, as children make up 21.2% of the population. The area has a moderately educated workforce, with 33.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,990 | -2.4% |
% Under 18 | 21.2% | 1.0% |
% Seniors | 25.5% | 26.2% |
% WFH | 10.2% | 108.2% |
% w/ College Degree | 33.0% | 5.8% |
As of the latest ACS Survey released in 2023, Coal Valley, IL is a predominantly white area, with 87.6% of the population identifying as white. The white population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in Coal Valley, IL is hispanic, making up 5.6% of the population. Foreign-born residents account for 2.0% of the population in Coal Valley, 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 | 87.6% | -7.7% |
% Black | 0.3% | -40.0% |
% Hispanic | 5.6% | 60.0% |
% Asian | 0.9% | 50.0% |
% Foreign Born | 2.0% | 17.6% |
Mortgage and Risk — Coal Valley, IL
According to HUD data as of 2023, there were 93 mortgage originations in Coal Valley, IL, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Coal Valley, IL. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 93 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Coal Valley, IL
Coal Valley, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,250 |
| 2 Bedroom | $540 | $1,000 | $1,540 |
| 3 Bedroom | N/A | N/A | $2,010 |
| 4 Bedroom | -$130 | $2,500 | $2,370 |
Affordability — Coal Valley, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $264,000 |
| Median Household Income | $109,000 |