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Tonica, IL—61370

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$213,000
13.6% YoY Growth
Household Income
$82,900
39.2% YoY Growth
Days on Market
78
3.0% Longer YoY
Home Price Forecast
N/A
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Tonica, IL

Tonica, IL lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$213,00013.6%
Single Family $213,00014.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A
  • Affordability
  • Rentals and Section 8
    • 2 Bed
    N/A
    N/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    8.3%
    2 Bedrooms
    16.3%
    3 Bedrooms
    47.5%
    4 Bedrooms
    21.0%
    5+ Bedrooms
    6.9%

    Rental Trends — Tonica, IL

    Tonica, IL lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    27.8%
    2 Bedrooms
    31.6%
    3 Bedrooms
    25.3%
    4 Bedrooms
    3.8%
    5+ Bedrooms
    11.4%

    Property Listings — Tonica, IL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Tonica, IL is 59. This is a decrease of -44.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$372,000154.0%
    Listing Count
    		2233.0%
    Listings as % of Homes0.2%233.0%
    Days on Market
    		783.0%
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    Demographics — Tonica, IL

    As of the latest ACS Survey released in 2023, Tonica, IL has a population of 1,250, which has decreased by -10.3% over the past 5 years. Tonica, IL is a moderately popular place for families, as children make up 23.0% of the population. The area has a poorly educated workforce, with 16.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		1,250-10.3%
    % Under 18
    		23.0%-6.5%
    % Seniors
    		19.5%21.9%
    % WFH
    		8.3%112.8%
    % w/ College Degree
    		16.9%1.2%
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    As of the latest ACS Survey released in 2023, Tonica, IL is a predominantly white area, with 88.9% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Tonica, IL is hispanic, making up 7.1% of the population. Foreign-born residents account for 2.2% of the population in Tonica, IL, and this percentage has increased by 37.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		88.9%-3.5%
    % Black
    		1.4%∞%
    % Hispanic
    		7.1%6.0%
    % Asian
    		0.6%∞%
    % Foreign Born
    		2.2%37.5%
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    Mortgage and Risk — Tonica, IL

    According to HUD data as of 2023, there were 41 mortgage originations in Tonica, IL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Tonica, IL. Investor activity is low, as 7.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		41
    % Conventional Loans
    		85.0%
    % Government Loans
    		15.0%
    % Investor Loans
    		7.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — Tonica, IL

    Tonica, 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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$670
    2 BedroomN/AN/A$880
    3 BedroomN/AN/A$1,180
    4 BedroomN/AN/A$1,330

    Affordability — Tonica, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.1
    Median Home Price$213,000
    Median Household Income$82,900

    Tonica, IL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Leonore

    61332

    Oglesby, IL

    61348

    Lostant, IL

    61334

    Cedar Point

    61316

    Wenona, IL

    61377

    Frequently Asked Questions