Good Hope, IL—61438
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Good Hope, IL
As of Nov '25, the median home price in Good Hope, IL is $116,000, with a year-over-year change of 5.2%. This indicates that home prices in Good Hope, IL are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $116,000 | 5.2% |
| Single Family | $116,000 | 7.4% |
| 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 — Good Hope, IL
Good Hope, 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 — Good Hope, IL
As of Nov '25, Realtor.com reports that the median days on market for a home in Good Hope, IL is 338. This is a increase of 273.0% 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 | $161,000 | 48.0% |
Listing Count | 2 | -44.0% |
| Listings as % of Homes | 0.8% | -44.0% |
Days on Market | 338 | 273.0% |
Demographics — Good Hope, IL
As of the latest ACS Survey released in 2023, Good Hope, IL has a population of 702, which has decreased by -23.4% over the past 5 years. Good Hope, IL is a moderately popular place for families, as children make up 18.9% of the population. The area has a moderately educated workforce, with 30.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 702 | -23.4% |
% Under 18 | 18.9% | -27.9% |
% Seniors | 24.6% | 85.0% |
% WFH | 7.4% | 64.4% |
% w/ College Degree | 30.6% | 6.2% |
Good Hope, IL lacks sufficient race and ethnicity data for analysis.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.3% | -2.4% |
% Black | 5.1% | 5,000.0% |
% Hispanic | 1.1% | -72.5% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | N/A |
Mortgage and Risk — Good Hope, IL
Good Hope, IL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Rentals and Section 8 — Good Hope, IL
Good Hope, 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 | $670 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,110 |
| 4 Bedroom | N/A | N/A | $1,310 |
Affordability — Good Hope, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | $116,000 |
| Median Household Income | $65,700 |