Flanagan, IL—61740
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Flanagan, IL
As of Oct '25, the median home price in Flanagan, IL is $153,000, with a year-over-year change of 10.3%. This indicates that home prices in Flanagan, IL are increasing. According to Zillow, the 1-year price projection is 4.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $153,000 | 10.3% |
| Single Family | $153,000 | 11.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $96,000 | 9.1% |
3 Bed | $164,000 | 12.3% |
4 Bed | $215,000 | 12.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Flanagan, IL
Flanagan, 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 — Flanagan, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Flanagan, IL is 62. This is a increase of 70.0% 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 | $199,000 | 25.0% |
Listing Count | 4 | -29.0% |
| Listings as % of Homes | 0.3% | -29.0% |
Days on Market | 62 | 70.0% |
Demographics — Flanagan, IL
As of the latest ACS Survey released in 2023, Flanagan, IL has a population of 1,430, which has decreased by -7.1% over the past 5 years. Flanagan, IL is a moderately popular place for families, as children make up 23.3% 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 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,430 | -7.1% |
% Under 18 | 23.3% | 19.5% |
% Seniors | 26.1% | 0.8% |
% WFH | 13.9% | 98.6% |
% w/ College Degree | 21.1% | 15.3% |
As of the latest ACS Survey released in 2023, Flanagan, IL is a predominantly white area, with 96.1% of the population identifying as white. The white population has grown by 2.9% in the last 5 years. The second most common race or ethnicity in Flanagan, IL is hispanic, making up 1.6% of the population. Foreign-born residents account for 1.7% of the population in Flanagan, IL, and this percentage has decreased by 48.5% 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 | 96.1% | 2.9% |
% Black | 0.6% | -53.8% |
% Hispanic | 1.6% | -52.9% |
% Asian | 0.6% | -14.3% |
% Foreign Born | 1.7% | -48.5% |
Mortgage and Risk — Flanagan, IL
According to HUD data as of 2023, there were 59 mortgage originations in Flanagan, IL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Flanagan, IL. Investor activity is low, as 8.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 59 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 8.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Flanagan, IL
Flanagan, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 2.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $700 |
| 2 Bedroom | N/A | N/A | $910 |
| 3 Bedroom | N/A | N/A | $1,170 |
| 4 Bedroom | N/A | N/A | $1,210 |
Affordability — Flanagan, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.6 |
| Median Home Price | $153,000 |
| Median Household Income | $79,500 |