Alpha, IL—61413
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Alpha, IL
As of Oct '25, the median home price in Alpha, IL is $140,000, with a year-over-year change of 5.8%. This indicates that home prices in Alpha, IL are increasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $140,000 | 5.8% |
| Single Family | $140,000 | 6.1% |
| 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 — Alpha, IL
Alpha, 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 — Alpha, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Alpha, IL is 56. This is a increase of 77.0% 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 | $114,000 | -37.0% |
Listing Count | 3 | 80.0% |
| Listings as % of Homes | 0.2% | 80.0% |
Days on Market | 56 | 77.0% |
Demographics — Alpha, IL
As of the latest ACS Survey released in 2023, Alpha, IL has a population of 1,040, which has increased by 14.6% over the past 5 years. Alpha, IL is a moderately popular place for families, as children make up 20.8% of the population. The area has a poorly educated workforce, with 24.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,040 | 14.6% |
% Under 18 | 20.8% | 1.5% |
% Seniors | 25.6% | 20.2% |
% WFH | 1.9% | -75.6% |
% w/ College Degree | 24.9% | -6.4% |
As of the latest ACS Survey released in 2023, Alpha, IL is a predominantly white area, with 86.2% of the population identifying as white. The white population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Alpha, IL is hispanic, making up 8.2% of the population. Foreign-born residents account for 0.2% of the population in Alpha, IL, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.2% | -10.9% |
% Black | 0.2% | ∞% |
% Hispanic | 8.2% | 530.8% |
% Asian | 0.2% | ∞% |
% Foreign Born | 0.2% | 0.0% |
Mortgage and Risk — Alpha, IL
According to HUD data as of 2023, there were 40 mortgage originations in Alpha, IL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Alpha, IL. Investor activity is low, as 7.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 40 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 7.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Alpha, IL
Alpha, 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 | $790 |
| 2 Bedroom | N/A | N/A | $980 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,510 |
Affordability — Alpha, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $140,000 |
| Median Household Income | $73,000 |