Monmouth, IL—61462
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monmouth, IL
Monmouth, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $101,000 | 5.9% |
| Single Family | $101,000 | 5.2% |
| 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 — Monmouth, IL
Monmouth, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $800 | $800 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Monmouth, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Monmouth, IL is 68. This is a decrease of -20.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $115,000 | -6.0% |
Listing Count | 33 | -9.0% |
| Listings as % of Homes | 0.6% | -9.0% |
Days on Market | 68 | -20.0% |
Demographics — Monmouth, IL
As of the latest ACS Survey released in 2023, Monmouth, IL has a population of 10,600, which has decreased by -7.6% over the past 5 years. Monmouth, IL is a moderately popular place for families, as children make up 22.6% of the population. The area has a poorly educated workforce, with 21.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,600 | -7.6% |
% Under 18 | 22.6% | -3.0% |
% Seniors | 19.5% | 15.4% |
% WFH | 5.8% | 41.5% |
% w/ College Degree | 21.0% | -14.3% |
As of the latest ACS Survey released in 2023, Monmouth, IL is a predominantly white area, with 73.9% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Monmouth, IL is hispanic, making up 16.0% of the population. Foreign-born residents account for 9.3% of the population in Monmouth, IL, and this percentage has increased by 36.8% 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 | 73.9% | -4.4% |
% Black | 3.9% | 8.3% |
% Hispanic | 16.0% | 18.5% |
% Asian | 3.5% | -2.8% |
% Foreign Born | 9.3% | 36.8% |
Mortgage and Risk — Monmouth, IL
According to HUD data as of 2023, there were 87 mortgage originations in Monmouth, IL, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Monmouth, IL. Investor activity is low, as 9.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 87 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 9.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Monmouth, IL
Monmouth, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 330 |
Total Units Section 8 | 79 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $660 |
| 2 Bedroom | $70 | $800 | $870 |
| 3 Bedroom | N/A | N/A | $1,110 |
| 4 Bedroom | N/A | N/A | $1,440 |
Affordability — Monmouth, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.4 |
| Median Home Price | $101,000 |
| Median Household Income | $62,200 |