Joy, IL—61260
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Joy, IL
As of Oct '25, the median home price in Joy, IL is $144,000, with a year-over-year change of -2.3%. This indicates that home prices in Joy, IL are decreasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $144,000 | -2.3% |
| Single Family | $144,000 | -1.4% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Joy, IL
Joy, 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 — Joy, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Joy, IL is 16. This is a decrease of -5.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $126,000 | 40.0% |
Listing Count | 4 | 150.0% |
| Listings as % of Homes | 0.9% | 150.0% |
Days on Market | 16 | -5.0% |
Demographics — Joy, IL
As of the latest ACS Survey released in 2023, Joy, IL has a population of 635, which has decreased by -40.2% over the past 5 years. Joy, IL is a moderately popular place for families, as children make up 21.3% of the population. The area has a poorly educated workforce, with 7.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 635 | -40.2% |
% Under 18 | 21.3% | -6.6% |
% Seniors | 17.5% | -2.8% |
% WFH | 26.7% | 175.3% |
% w/ College Degree | 7.6% | 15.2% |
As of the latest ACS Survey released in 2023, Joy, IL is a predominantly white area, with 92.8% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Joy, IL is hispanic, making up 4.7% of the population. Foreign-born residents account for 1.3% of the population in Joy, IL, and this percentage has increased by 8.3% 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 | 92.8% | -5.3% |
% Black | 0.0% | N/A |
% Hispanic | 4.7% | 176.5% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.3% | 8.3% |
Mortgage and Risk — Joy, IL
Joy, 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 |
Loan Activity
No data available
Rentals and Section 8 — Joy, IL
Joy, 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 | $710 |
| 2 Bedroom | N/A | N/A | $880 |
| 3 Bedroom | N/A | N/A | $1,140 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — Joy, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $144,000 |
| Median Household Income | $47,500 |