Kewanee, IL 61443 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Kewanee, IL—61443

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$75,000

2.8% YoY Growth

Household Income

$51,300

26.5% YoY Growth

Days on Market

4.0% Longer YoY

Home Price Forecast

1.4%

Median Rent

$695

38.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$695

N/A

3-Bed Rent

$625

N/A

Home Price Trends — Kewanee, IL

As of Dec '25, the median home price in Kewanee, IL is $75,000, with a year-over-year change of 2.8%. This indicates that home prices in Kewanee, IL are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$75,000	2.8%
Single Family	$76,000	5.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Kewanee, IL

As of July '25, Rentcast reports the average rent in Kewanee, IL is $690, with a year-over-year rent change of 38.0%. Per bedroom, the median rent as of July '25 in Kewanee, IL is 2-bedrooms: $722, 3-bedrooms: $625. The most common rental property sizes in Kewanee, IL are 3-bedroom and 2-bedroom, accounting for 31.2% and 30.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$695	$690
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$695	$722
3 Bed Rent	$625	$625
4 Bed Rent	N/A	N/A

Loading chart...

% of Rental Stock

Studio

7.2%

1 Bedroom

20.1%

2 Bedrooms

30.6%

3 Bedrooms

31.2%

4 Bedrooms

7.5%

5+ Bedrooms

3.5%

Property Listings — Kewanee, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Kewanee, IL is 43. This is a increase of 9.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$85,800	12.0%
Listing Count	33	5.0%
Listings as % of Homes	0.3%	5.0%
Days on Market	54	4.0%

Loading chart...

Demographics — Kewanee, IL

As of the latest ACS Survey released in 2023, Kewanee, IL has a population of 13,500, which has remained stable by -1.0% over the past 5 years. Kewanee, IL is a moderately popular place for families, as children make up 20.6% of the population. The area has a poorly educated workforce, with 16.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	13,500	-1.0%
% Under 18	20.6%	-10.8%
% Seniors	22.8%	21.3%
% WFH	6.8%	240.0%
% w/ College Degree	16.1%	0.0%

Loading chart...

As of the latest ACS Survey released in 2023, Kewanee, IL is a predominantly white area, with 79.4% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Kewanee, IL is hispanic, making up 11.2% of the population. Foreign-born residents account for 3.5% of the population in Kewanee, IL, and this percentage has decreased by 16.7% 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	79.4%	-3.8%
% Black	6.5%	38.3%
% Hispanic	11.2%	9.8%
% Asian	0.1%	-91.7%
% Foreign Born	3.5%	-16.7%

Loading chart...

Mortgage and Risk — Kewanee, IL

According to HUD data as of 2023, there were 189 mortgage originations in Kewanee, IL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Kewanee, IL. Investor activity is high, as 20.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	189
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	20.0%
% Second Loans	1.0%
% Cash Out Refinance	8.0%

Loading chart...

Rentals and Section 8 — Kewanee, IL

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

Section 8 Market Size

Total Units under HUD	487
Total Units Section 8	128
% Rentals under Section 8	8.1%
% Occupied Section 8	85.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$760
2 Bedroom	$245	$695	$940
3 Bedroom	$605	$625	$1,230
4 Bedroom	N/A	N/A	$1,450

Kewanee, IL—61443

Key Metrics at a Glance

Home Price Trends — Kewanee, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Kewanee, IL

% of Rental Stock

Property Listings — Kewanee, IL

Demographics — Kewanee, IL

Race and Ethnicity

Mortgage and Risk — Kewanee, IL

Mortgages

Rentals and Section 8 — Kewanee, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Kewanee, IL

Home Price to Income Ratio

Kewanee, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Galva, IL

Neponset, IL

Annawan, IL

Atkinson, IL

La Fayette, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.3
Median Home Price	$75,000
Median Household Income	$51,300

Kewanee, IL—61443

Key Metrics at a Glance

Home Price Trends — Kewanee, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Kewanee, IL

% of Rental Stock

Property Listings — Kewanee, IL

Demographics — Kewanee, IL

Race and Ethnicity

Mortgage and Risk — Kewanee, IL

Mortgages

Rentals and Section 8 — Kewanee, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Kewanee, IL

Home Price to Income Ratio

Kewanee, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Galva, IL

Neponset, IL

Annawan, IL

Atkinson, IL

La Fayette, IL

Frequently Asked Questions

What is the average home price in Kewanee, IL 61443?

How have home prices in Kewanee, IL 61443 changed over the past year?

What is the home price projection for Kewanee, IL 61443?

What are the demographics of Kewanee, IL 61443?

How long does it take homes to sell in Kewanee, IL 61443?

What is the average rent price in Kewanee, IL 61443?