Knoxville, IL—61448
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Knoxville, IL
As of Nov '25, the median home price in Knoxville, IL is $147,000, with a year-over-year change of 5.9%. This indicates that home prices in Knoxville, IL are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $147,000 | 5.9% |
| Single Family | $147,000 | 9.7% |
| 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 — Knoxville, IL
Knoxville, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $650 | $1,420 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $650 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,200 | $2,200 |
% of Rental Stock
Property Listings — Knoxville, IL
As of Nov '25, Realtor.com reports that the median days on market for a home in Knoxville, IL is 35. This is a decrease of -21.0% from last year, suggesting that homes are sitting on the market shorter 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 | $245,000 | -25.0% |
Listing Count | 15 | 182.0% |
| Listings as % of Homes | 0.5% | 182.0% |
Days on Market | 35 | -21.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,910 | 1.8% |
% Under 18 | 24.2% | -2.8% |
% Seniors | 24.9% | 6.4% |
% WFH | 6.3% | 70.3% |
% w/ College Degree | 24.1% | 7.6% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $650 | $660 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,130 |
| 4 Bedroom | -$1,050 | $2,200 | $1,150 |
Affordability — Knoxville, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $147,000 |
| Median Household Income | $79,500 |