Delavan, IL—61734
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Delavan, IL
As of Oct '25, the median home price in Delavan, IL is $149,000, with a year-over-year change of 10.8%. This indicates that home prices in Delavan, IL are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $149,000 | 10.8% |
| Single Family | $149,000 | 10.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $111,000 | 14.4% |
3 Bed | $160,000 | 10.3% |
4 Bed | $167,000 | 6.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Delavan, IL
Delavan, 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 |
% of Rental Stock
Property Listings — Delavan, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Delavan, IL is 43. This is a decrease of -6.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $174,000 | 12.0% |
Listing Count | 13 | 50.0% |
| Listings as % of Homes | 0.7% | 50.0% |
Days on Market | 43 | -6.0% |
Demographics — Delavan, IL
As of the latest ACS Survey released in 2023, Delavan, IL has a population of 2,500, which has decreased by -9.6% over the past 5 years. Delavan, IL is a popular place for families, as children make up 26.4% of the population. The area has a poorly educated workforce, with 22.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,500 | -9.6% |
% Under 18 | 26.4% | 17.3% |
% Seniors | 24.0% | 34.1% |
% WFH | 6.5% | 47.7% |
% w/ College Degree | 22.4% | 16.7% |
As of the latest ACS Survey released in 2023, Delavan, IL is a predominantly white area, with 94.5% of the population identifying as white. The white population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Delavan, IL is hispanic, making up 3.0% of the population. Foreign-born residents account for 0.5% of the population in Delavan, IL, and this percentage has decreased by 86.8% 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 | 94.5% | 0.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.0% | -28.6% |
% Asian | 0.2% | -50.0% |
% Foreign Born | 0.5% | -86.8% |
Mortgage and Risk — Delavan, IL
According to HUD data as of 2023, there were 74 mortgage originations in Delavan, IL, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Delavan, IL. Investor activity is low, as 0.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 74 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Delavan, IL
Delavan, 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 | $760 |
| 2 Bedroom | N/A | N/A | $960 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,310 |
Affordability — Delavan, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $149,000 |
| Median Household Income | $71,600 |