Princeville, IL 61559 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Princeville, IL—61559

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$218,000

7.0% YoY Growth

Household Income

$82,500

32.5% YoY Growth

Days on Market

66.0% Shorter YoY

Home Price Forecast

2.9%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Princeville, IL

As of Dec '25, the median home price in Princeville, IL is $218,000, with a year-over-year change of 7.0%. This indicates that home prices in Princeville, IL are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$218,000	7.0%
Single Family	$218,000	7.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Princeville, IL

Princeville, IL lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

9.9%

2 Bedrooms

41.3%

3 Bedrooms

39.0%

4 Bedrooms

9.9%

Property Listings — Princeville, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Princeville, IL is 36. This is a decrease of -50.0% 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	$400,000	107.0%
Listing Count	2	-70.0%
Listings as % of Homes	0.8%	-70.0%
Days on Market	38	-66.0%

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Demographics — Princeville, IL

As of the latest ACS Survey released in 2023, Princeville, IL has a population of 3,730, which has increased by 14.2% over the past 5 years. Princeville, IL is a moderately popular place for families, as children make up 23.8% of the population. The area has a moderately educated workforce, with 26.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,730	14.2%
% Under 18	23.8%	-11.9%
% Seniors	21.2%	11.0%
% WFH	10.5%	262.1%
% w/ College Degree	26.7%	1.1%

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As of the latest ACS Survey released in 2023, Princeville, IL is a predominantly white area, with 88.2% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Princeville, IL is hispanic, making up 4.7% of the population. Foreign-born residents account for 2.1% of the population in Princeville, IL, and this percentage has decreased by 62.5% 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	88.2%	-2.3%
% Black	0.5%	66.7%
% Hispanic	4.7%	-26.6%
% Asian	0.0%	-100.0%
% Foreign Born	2.1%	-62.5%

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Mortgage and Risk — Princeville, IL

According to HUD data as of 2023, there were 51 mortgage originations in Princeville, IL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Princeville, IL. Investor activity is low, as 6.0% 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	51
% Conventional Loans	76.0%
% Government Loans	24.0%
% Investor Loans	6.0%
% Second Loans	0.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Princeville, IL

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

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% 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	N/A	N/A	$800
2 Bedroom	N/A	N/A	$1,010
3 Bedroom	N/A	N/A	$1,310
4 Bedroom	N/A	N/A	$1,370

Princeville, IL—61559

Key Metrics at a Glance

Home Price Trends — Princeville, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Princeville, IL

% of Rental Stock

Property Listings — Princeville, IL

Demographics — Princeville, IL

Race and Ethnicity

Mortgage and Risk — Princeville, IL

Mortgages

Rentals and Section 8 — Princeville, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Princeville, IL

Home Price to Income Ratio

Princeville, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Brimfield, IL

Dunlap, IL

Wyoming, IL

Edelstein, IL

Edwards, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.3
Median Home Price	$218,000
Median Household Income	$82,500

Princeville, IL—61559

Key Metrics at a Glance

Home Price Trends — Princeville, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Princeville, IL

% of Rental Stock

Property Listings — Princeville, IL

Demographics — Princeville, IL

Race and Ethnicity

Mortgage and Risk — Princeville, IL

Mortgages

Rentals and Section 8 — Princeville, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Princeville, IL

Home Price to Income Ratio

Princeville, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Brimfield, IL

Dunlap, IL

Wyoming, IL

Edelstein, IL

Edwards, IL

Frequently Asked Questions

What is the average home price in Princeville, IL 61559?

How have home prices in Princeville, IL 61559 changed over the past year?

What is the home price projection for Princeville, IL 61559?

What are the demographics of Princeville, IL 61559?

How long does it take homes to sell in Princeville, IL 61559?

What is the average rent price in Princeville, IL 61559?