Mendota, IL 61342 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Mendota, IL—61342

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$171,000

11.2% YoY Growth

Household Income

$65,200

10.8% YoY Growth

Days on Market

63

5.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

$875

33.3% YoY Growth

1-Bed Rent

$800

4.6% YoY Growth

2-Bed Rent

$875

N/A

3-Bed Rent

$950

N/A

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	11.2%
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

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

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% of Rental Stock

Studio

6.4%

1 Bedroom

16.7%

2 Bedrooms

48.5%

3 Bedrooms

24.8%

4 Bedrooms

3.6%

Property Listings — Mendota, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Mendota, IL is 50. This is a decrease of -22.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$212,000	40.0%
Listing Count	18	68.0%
Listings as % of Homes	0.3%	68.0%
Days on Market	63	-5.0%

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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%

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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%

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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%

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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

Mendota, IL—61342

Key Metrics at a Glance

Home Price Trends — Mendota, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mendota, IL

% of Rental Stock

Property Listings — Mendota, IL

Demographics — Mendota, IL

Race and Ethnicity

Mortgage and Risk — Mendota, IL

Mortgages

Rentals and Section 8 — Mendota, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Mendota, IL

Home Price to Income Ratio

Mendota, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Troy Grove

La Salle, IL

Cherry

Cherry, IL

Compton, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.1
Median Home Price	$171,000
Median Household Income	$65,200

Mendota, IL—61342

Key Metrics at a Glance

Home Price Trends — Mendota, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mendota, IL

% of Rental Stock

Property Listings — Mendota, IL

Demographics — Mendota, IL

Race and Ethnicity

Mortgage and Risk — Mendota, IL

Mortgages

Rentals and Section 8 — Mendota, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Mendota, IL

Home Price to Income Ratio

Mendota, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Troy Grove

La Salle, IL

Cherry

Cherry, IL

Compton, IL

Frequently Asked Questions

What is the average home price in Mendota, IL 61342?

How have home prices in Mendota, IL 61342 changed over the past year?

What is the home price projection for Mendota, IL 61342?

What are the demographics of Mendota, IL 61342?

How long does it take homes to sell in Mendota, IL 61342?

What is the average rent price in Mendota, IL 61342?