Fairbury, IL—61739
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairbury, IL
As of Nov '25, the median home price in Fairbury, IL is $182,000, with a year-over-year change of 10.5%. This indicates that home prices in Fairbury, IL are increasing. According to Zillow, the 1-year price projection is 4.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $182,000 | 10.5% |
| Single Family | $184,000 | 10.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $137,000 | 13.2% |
3 Bed | $179,000 | 9.8% |
4 Bed | $225,000 | 9.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fairbury, IL
Fairbury, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $795 | $795 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $795 | $795 |
| 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 — Fairbury, IL
As of Nov '25, Realtor.com reports that the median days on market for a home in Fairbury, IL is 59. This is a increase of 52.0% from last year, suggesting that homes are sitting on the market longer 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 | $165,000 | -23.0% |
Listing Count | 6 | -35.0% |
| Listings as % of Homes | 0.3% | -35.0% |
Days on Market | 59 | 52.0% |
Demographics — Fairbury, IL
As of the latest ACS Survey released in 2023, Fairbury, IL has a population of 4,670, which has increased by 2.1% over the past 5 years. Fairbury, IL is a popular place for families, as children make up 31.1% of the population. The area has a poorly educated workforce, with 21.1% 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 | 4,670 | 2.1% |
% Under 18 | 31.1% | 22.9% |
% Seniors | 19.6% | -4.4% |
% WFH | 10.5% | 238.7% |
% w/ College Degree | 21.1% | 50.7% |
As of the latest ACS Survey released in 2023, Fairbury, IL is a predominantly white area, with 93.5% of the population identifying as white. The white population has grown by 4.2% in the last 5 years. The second most common race or ethnicity in Fairbury, IL is hispanic, making up 3.4% of the population. Foreign-born residents account for 1.0% of the population in Fairbury, IL, and this percentage has decreased by 65.5% 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 | 93.5% | 4.2% |
% Black | 1.3% | ∞% |
% Hispanic | 3.4% | -60.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.0% | -65.5% |
Mortgage and Risk — Fairbury, IL
According to HUD data as of 2023, there were 114 mortgage originations in Fairbury, IL, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Fairbury, IL. Investor activity is low, as 11.0% 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 | 114 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 11.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Rentals and Section 8 — Fairbury, IL
Fairbury, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$5 | $795 | $790 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | N/A | N/A | $1,390 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Fairbury, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $182,000 |
| Median Household Income | $68,600 |