Magnolia, IL—61327
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Magnolia, IL
Home Price Trends — Magnolia, IL
Magnolia, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $203,000 | 1.9% |
| Single Family | $203,000 | 1.0% |
| 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 — Magnolia, IL
Magnolia, 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 — Magnolia, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Magnolia, IL is 107. This is a increase of 177.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $235,000 | -18.0% |
Listing Count | 4 | 100.0% |
| Listings as % of Homes | 0.2% | 100.0% |
Days on Market | 107 | 177.0% |
Demographics — Magnolia, IL
As of the latest ACS Survey released in 2023, Magnolia, IL has a population of 1,340, which has increased by 1.1% over the past 5 years. Magnolia, IL is a moderately popular place for families, as children make up 21.2% of the population. The area has a poorly educated workforce, with 19.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,340 | 1.1% |
% Under 18 | 21.2% | -23.5% |
% Seniors | 17.2% | -21.5% |
% WFH | 9.7% | 708.3% |
% w/ College Degree | 19.2% | 38.1% |
As of the latest ACS Survey released in 2023, Magnolia, IL is a predominantly white area, with 94.0% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Magnolia, IL is hispanic, making up 3.9% of the population. Foreign-born residents account for 0.7% of the population in Magnolia, IL, and this percentage has decreased by 12.5% 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 | 94.0% | -1.1% |
% Black | 0.4% | -33.3% |
% Hispanic | 3.9% | 34.5% |
% Asian | 1.1% | 450.0% |
% Foreign Born | 0.7% | -12.5% |
Mortgage and Risk — Magnolia, IL
According to HUD data as of 2023, there were 39 mortgage originations in Magnolia, IL, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Magnolia, IL. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 39 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 3.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Magnolia, IL
Magnolia, 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 | $800 |
| 2 Bedroom | N/A | N/A | $920 |
| 3 Bedroom | N/A | N/A | $1,200 |
| 4 Bedroom | N/A | N/A | $1,540 |
Affordability — Magnolia, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $203,000 |
| Median Household Income | $87,500 |