Mendota, IL—61342
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mendota, IL
Mendota, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $171,000 | 10.7% |
| Single Family | $172,000 | 11.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $124,000 | 13.8% |
3 Bed | $172,000 | 9.6% |
4 Bed | $195,000 | 12.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mendota, IL
As of July '25, Rentcast reports the average rent in Mendota, IL is $1,020, with a year-over-year rent change of 33.3%. Per bedroom, the median rent as of July '25 in Mendota, IL is 1-bedrooms: $800, 2-bedrooms: $1,100, 3-bedrooms: $950. The most common rental property sizes in Mendota, IL are 2-bedroom and 3-bedroom, accounting for 48.5% and 24.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $875 | $1,020 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $800 |
| 2 Bed Rent | $875 | $1,100 |
| 3 Bed Rent | $950 | $950 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mendota, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Mendota, IL is 30. This is a decrease of -24.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $144,000 | 30.0% |
Listing Count | 20 | 68.0% |
| Listings as % of Homes | 0.3% | 68.0% |
Days on Market | 30 | -24.0% |
Demographics — Mendota, IL
As of the latest ACS Survey released in 2023, Mendota, IL has a population of 8,370, which has decreased by -4.5% over the past 5 years. Mendota, IL is a moderately popular place for families, as children make up 21.1% of the population. The area has a poorly educated workforce, with 18.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,370 | -4.5% |
% Under 18 | 21.1% | -9.4% |
% Seniors | 21.0% | 16.0% |
% WFH | 3.1% | -6.1% |
% w/ College Degree | 18.3% | 7.0% |
As of the latest ACS Survey released in 2023, Mendota, IL is a predominantly white area, with 71.7% 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 Mendota, IL is hispanic, making up 24.2% of the population. Foreign-born residents account for 6.7% of the population in Mendota, IL, and this percentage has decreased by 4.3% 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 | 71.7% | -1.0% |
% Black | 1.2% | 71.4% |
% Hispanic | 24.2% | -1.2% |
% Asian | 0.5% | -37.5% |
% Foreign Born | 6.7% | -4.3% |
Mortgage and Risk — Mendota, IL
According to HUD data as of 2023, there were 90 mortgage originations in Mendota, IL, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Mendota, IL. Investor activity is low, as 8.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 90 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Mendota, IL
Mendota, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 103 |
Total Units Section 8 | 17 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $800 | $740 |
| 2 Bedroom | $95 | $875 | $970 |
| 3 Bedroom | $360 | $950 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,470 |
Affordability — Mendota, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $171,000 |
| Median Household Income | $65,200 |