Galva, IL—61434
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Galva, IL
As of Oct '25, the median home price in Galva, IL is $105,000, with a year-over-year change of 1.6%. This indicates that home prices in Galva, IL are increasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $105,000 | 1.6% |
| Single Family | $105,000 | 1.0% |
| 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 | $104,000 | -1.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Galva, IL
Galva, 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 — Galva, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Galva, IL is 72. This is a increase of 64.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $120,000 | 7.0% |
Listing Count | 9 | -25.0% |
| Listings as % of Homes | 0.6% | -25.0% |
Days on Market | 72 | 64.0% |
Demographics — Galva, IL
As of the latest ACS Survey released in 2023, Galva, IL has a population of 2,990, which has remained stable by -0.7% over the past 5 years. Galva, IL is a popular place for families, as children make up 25.8% of the population. The area has a moderately educated workforce, with 25.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,990 | -0.7% |
% Under 18 | 25.8% | 33.0% |
% Seniors | 19.6% | -0.5% |
% WFH | 8.0% | 300.0% |
% w/ College Degree | 25.2% | 3.3% |
As of the latest ACS Survey released in 2023, Galva, IL is a predominantly white area, with 89.9% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Galva, IL is hispanic, making up 4.6% of the population. Foreign-born residents account for 1.1% of the population in Galva, IL, and this percentage has decreased by 50.0% 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 | 89.9% | -5.9% |
% Black | 0.9% | ∞% |
% Hispanic | 4.6% | 84.0% |
% Asian | 0.8% | 100.0% |
% Foreign Born | 1.1% | -50.0% |
Mortgage and Risk — Galva, IL
According to HUD data as of 2023, there were 54 mortgage originations in Galva, IL, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Galva, IL. Investor activity is low, as 9.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 54 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Galva, IL
Galva, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 63 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $710 |
| 2 Bedroom | N/A | N/A | $880 |
| 3 Bedroom | N/A | N/A | $1,140 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — Galva, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.5 |
| Median Home Price | $105,000 |
| Median Household Income | $61,100 |