Lewistown, IL—61542
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lewistown, IL
As of Nov '25, the median home price in Lewistown, IL is $105,000, with a year-over-year change of 6.4%. This indicates that home prices in Lewistown, IL are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $105,000 | 6.4% |
| Single Family | $104,000 | 6.1% |
| 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 | $115,000 | 9.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lewistown, IL
As of July '25, Rentcast reports the average rent in Lewistown, IL is $825, with a year-over-year rent change of 10.0%. Per bedroom, the median rent as of July '25 in Lewistown, IL is 2-bedrooms: $825. The most common rental property sizes in Lewistown, IL are 1-bedroom and 2-bedroom, accounting for 43.9% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $825 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $750 | $825 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lewistown, IL
As of Nov '25, Realtor.com reports that the median days on market for a home in Lewistown, IL is 50. This is a decrease of -44.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $170,000 | 58.0% |
Listing Count | 14 | 43.0% |
| Listings as % of Homes | 0.7% | 43.0% |
Days on Market | 50 | -44.0% |
Demographics — Lewistown, IL
As of the latest ACS Survey released in 2023, Lewistown, IL has a population of 3,310, which has decreased by -8.9% over the past 5 years. Lewistown, IL is a moderately popular place for families, as children make up 19.1% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,310 | -8.9% |
% Under 18 | 19.1% | -4.0% |
% Seniors | 20.7% | -3.7% |
% WFH | 4.9% | -2.0% |
% w/ College Degree | 21.2% | 9.3% |
As of the latest ACS Survey released in 2023, Lewistown, IL is a predominantly white area, with 95.6% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Lewistown, IL is asian, making up 1.7% of the population. Foreign-born residents account for 1.5% of the population in Lewistown, IL, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.6% | -0.8% |
% Black | 0.5% | -28.6% |
% Hispanic | 0.7% | -63.2% |
% Asian | 1.7% | ∞% |
% Foreign Born | 1.5% | 0.0% |
Mortgage and Risk — Lewistown, IL
According to HUD data as of 2023, there were 50 mortgage originations in Lewistown, IL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 91.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Lewistown, IL. Investor activity is high, as 16.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 50 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 16.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Rentals and Section 8 — Lewistown, IL
Lewistown, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 143 |
Total Units Section 8 | 143 |
% Rentals under Section 8 | 39.0% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $660 |
| 2 Bedroom | $120 | $750 | $870 |
| 3 Bedroom | N/A | N/A | $1,200 |
| 4 Bedroom | N/A | N/A | $1,270 |
Affordability — Lewistown, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.5 |
| Median Home Price | $105,000 |
| Median Household Income | $65,500 |