Ottawa, IL 61350 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ottawa, IL—61350

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$201,000

10.8% YoY Growth

Household Income

$77,600

44.2% YoY Growth

Days on Market

13.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$1,500

29.1% YoY Growth

1-Bed Rent

$895

21.1% YoY Growth

2-Bed Rent

$1,450

25.0% YoY Growth

3-Bed Rent

$1,650

15.8% YoY Growth

Home Price Trends — Ottawa, IL

Ottawa, IL lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$201,000	10.8%
Single Family	$201,000	10.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Ottawa, IL

As of July '25, Rentcast reports the average rent in Ottawa, IL is $1,510, with a year-over-year rent change of 29.1%. Per bedroom, the median rent as of July '25 in Ottawa, IL is studios: $1,100, 1-bedrooms: $1,150, 2-bedrooms: $1,500, 3-bedrooms: $1,760, 4-bedrooms: $2,400. The most common rental property sizes in Ottawa, IL are 2-bedroom and 1-bedroom, accounting for 50.2% and 29.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,500	$1,510
Studio Rent	$1,100	$1,100
1 Bed Rent	$895	$1,150
2 Bed Rent	$1,450	$1,500
3 Bed Rent	$1,650	$1,760
4 Bed Rent	$2,400	$2,400

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% of Rental Stock

Studio

1.1%

1 Bedroom

29.3%

2 Bedrooms

50.2%

3 Bedrooms

17.9%

4 Bedrooms

1.1%

5+ Bedrooms

0.4%

Property Listings — Ottawa, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Ottawa, IL is 57. This is a decrease of -7.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$319,000	22.0%
Listing Count	72	2.0%
Listings as % of Homes	0.4%	2.0%
Days on Market	77	13.0%

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Demographics — Ottawa, IL

As of the latest ACS Survey released in 2023, Ottawa, IL has a population of 24,000, which has remained stable by 0.7% over the past 5 years. Ottawa, IL is a moderately popular place for families, as children make up 23.5% of the population. The area has a poorly educated workforce, with 21.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	24,000	0.7%
% Under 18	23.5%	4.0%
% Seniors	18.4%	2.2%
% WFH	4.0%	-2.4%
% w/ College Degree	21.6%	8.0%

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As of the latest ACS Survey released in 2023, Ottawa, IL is a predominantly white area, with 85.4% of the population identifying as white. The white population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Ottawa, IL is hispanic, making up 8.6% of the population. Foreign-born residents account for 2.2% of the population in Ottawa, IL, and this percentage has decreased by 45.0% 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	85.4%	0.2%
% Black	2.3%	-32.4%
% Hispanic	8.6%	3.6%
% Asian	0.9%	0.0%
% Foreign Born	2.2%	-45.0%

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Mortgage and Risk — Ottawa, IL

According to HUD data as of 2023, there were 301 mortgage originations in Ottawa, IL, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Ottawa, IL. Investor activity is low, as 5.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	301
% Conventional Loans	82.0%
% Government Loans	18.0%
% Investor Loans	5.0%
% Second Loans	0.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Ottawa, IL

Ottawa, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	552
Total Units Section 8	250
% 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	-$75	$895	$820
2 Bedroom	-$370	$1,450	$1,080
3 Bedroom	-$200	$1,650	$1,450
4 Bedroom	-$760	$2,400	$1,640

Ottawa, IL—61350

Key Metrics at a Glance

Home Price Trends — Ottawa, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ottawa, IL

% of Rental Stock

Property Listings — Ottawa, IL

Demographics — Ottawa, IL

Race and Ethnicity

Mortgage and Risk — Ottawa, IL

Mortgages

Rentals and Section 8 — Ottawa, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Ottawa, IL

Home Price to Income Ratio

Ottawa, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Wedron

Waltham, IL

Grand Ridge, IL

Serena, IL

Marseilles, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.1
Median Home Price	$201,000
Median Household Income	$77,600

Ottawa, IL—61350

Key Metrics at a Glance

Home Price Trends — Ottawa, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ottawa, IL

% of Rental Stock

Property Listings — Ottawa, IL

Demographics — Ottawa, IL

Race and Ethnicity

Mortgage and Risk — Ottawa, IL

Mortgages

Rentals and Section 8 — Ottawa, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Ottawa, IL

Home Price to Income Ratio

Ottawa, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Wedron

Waltham, IL

Grand Ridge, IL

Serena, IL

Marseilles, IL

Frequently Asked Questions

What is the average home price in Ottawa, IL 61350?

How have home prices in Ottawa, IL 61350 changed over the past year?

What is the home price projection for Ottawa, IL 61350?

What are the demographics of Ottawa, IL 61350?

How long does it take homes to sell in Ottawa, IL 61350?

What is the average rent price in Ottawa, IL 61350?