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  4. /Knoxville, IL - 61448

Knoxville, IL—61448

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$163,000
23.7% YoY Growth
Household Income
$79,500
42.5% YoY Growth
Days on Market
45
87.0% Longer YoY
Home Price Forecast
0.8%
Median Rent
$650
N/A
1-Bed Rent
$650
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 — Knoxville, IL

As of May '26, the median home price in Knoxville, IL is $163,000, with a year-over-year change of 23.7%. This indicates that home prices in Knoxville, IL are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$163,00023.7%
Single Family $162,00021.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    1.9%
    1 Bedroom
    5.8%
    2 Bedrooms
    18.8%
    3 Bedrooms
    46.8%
    4 Bedrooms
    19.5%
    5+ Bedrooms
    7.2%

    Rental Trends — Knoxville, IL

    Knoxville, IL lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$650$1,420
    Studio Rent N/AN/A
    1 Bed Rent $650$650
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent $2,200$2,200
    Loading chart...

    % of Rental Stock

    Studio
    2.9%
    1 Bedroom
    22.8%
    2 Bedrooms
    32.0%
    3 Bedrooms
    39.3%
    4 Bedrooms
    2.9%

    Property Listings — Knoxville, IL

    As of May '26, Realtor.com reports that the median days on market for a home in Knoxville, IL is 45. This is a increase of 87.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$210,00010.0%
    Listing Count
    		1419.0%
    Listings as % of Homes0.5%19.0%
    Days on Market
    		4587.0%
    Loading chart...

    Demographics — Knoxville, IL

    As of the latest ACS Survey released in 2023, Knoxville, IL has a population of 3,910, which has increased by 1.8% over the past 5 years. Knoxville, IL is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 24.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		3,9101.8%
    % Under 18
    		24.2%-2.8%
    % Seniors
    		24.9%6.4%
    % WFH
    		6.3%70.3%
    % w/ College Degree
    		24.1%7.6%
    Loading chart...

    As of the latest ACS Survey released in 2023, Knoxville, IL is a predominantly white area, with 96.6% of the population identifying as white. The white population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in Knoxville, IL is black, making up 0.4% of the population. Foreign-born residents account for 0.9% of the population in Knoxville, IL, and this percentage has increased by 125.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		96.6%0.5%
    % Black
    		0.4%100.0%
    % Hispanic
    		0.1%-96.2%
    % Asian
    		0.4%∞%
    % Foreign Born
    		0.9%125.0%
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    Mortgage and Risk — Knoxville, IL

    According to HUD data as of 2023, there were 81 mortgage originations in Knoxville, IL, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Knoxville, IL. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		81
    % Conventional Loans
    		86.0%
    % Government Loans
    		14.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		5.0%
    Loading chart...
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    Rentals and Section 8 — Knoxville, IL

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

    Section 8 Market Size

    Total Units under HUD
    		4
    Total Units Section 8
    		4
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$10$650$660
    2 BedroomN/AN/A$870
    3 BedroomN/AN/A$1,130
    4 Bedroom-$1,050$2,200$1,150

    Affordability — Knoxville, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio1.6
    Median Home Price$163,000
    Median Household Income$79,500

    Knoxville, IL — ZIP Code Boundary Map

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    Frequently Asked Questions