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  1. Home
  2. /Browse ZIP Codes
  3. /Illinois
  4. /Normal, IL - 61761

Normal, IL—61761

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$270,000
0.2% YoY Growth
Household Income
$66,600
20.2% YoY Growth
Days on Market
36
6.0% Shorter YoY
Home Price Forecast
3.0%
Median Rent
$1,620
8.2% YoY Growth
1-Bed Rent
$900
58.5% YoY Growth
2-Bed Rent
$1,130
12.3% YoY Growth
3-Bed Rent
$1,850
9.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Normal, IL

As of May '26, the median home price in Normal, IL is $270,000, with a year-over-year change of -0.2%. This indicates that home prices in Normal, IL are flat. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$270,000-0.2%
Single Family $273,000-0.4%
Condos $179,000-4.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$178,0000.6%
    3 Bed
    		$252,0001.6%
    4 Bed
    		$319,0001.6%
    5 Bed $401,0471.1%
    Loading chart...

    % of Housing Stock

    Studio
    3.2%
    1 Bedroom
    9.6%
    2 Bedrooms
    24.4%
    3 Bedrooms
    26.5%
    4 Bedrooms
    30.8%
    5+ Bedrooms
    5.6%

    Rental Trends — Normal, IL

    As of July '25, Rentcast reports the average rent in Normal, IL is $1,580, with a year-over-year rent change of 8.2%. Per bedroom, the median rent as of July '25 in Normal, IL is studios: $750, 1-bedrooms: $1,070, 2-bedrooms: $1,370, 3-bedrooms: $1,890, 4-bedrooms: $2,220. The most common rental property sizes in Normal, IL are 2-bedroom and 4-bedroom, accounting for 37.6% and 21.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,620$1,580
    Studio Rent $750$750
    1 Bed Rent $900$1,070
    2 Bed Rent $1,130$1,370
    3 Bed Rent $1,850$1,890
    4 Bed Rent $2,100$2,220
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    % of Rental Stock

    Studio
    7.7%
    1 Bedroom
    19.8%
    2 Bedrooms
    37.6%
    3 Bedrooms
    13.2%
    4 Bedrooms
    21.2%
    5+ Bedrooms
    0.5%

    Property Listings — Normal, IL

    As of May '26, Realtor.com reports that the median days on market for a home in Normal, IL is 36. 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 15.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$337,000-9.0%
    Listing Count
    		11010.0%
    Listings as % of Homes0.3%10.0%
    Days on Market
    		36-6.0%
    Loading chart...

    Demographics — Normal, IL

    As of the latest ACS Survey released in 2023, Normal, IL has a population of 53,400, which has decreased by -3.3% over the past 5 years. Normal, IL is a moderately popular place for families, as children make up 16.9% of the population. The area has a highly educated workforce, with 52.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		53,400-3.3%
    % Under 18
    		16.9%-7.1%
    % Seniors
    		11.8%19.2%
    % WFH
    		12.5%166.0%
    % w/ College Degree
    		52.5%7.6%
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    As of the latest ACS Survey released in 2023, Normal, IL is a predominantly white area, with 75.5% 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 Normal, IL is black, making up 11.4% of the population. Foreign-born residents account for 7.4% of the population in Normal, IL, and this percentage has increased by 17.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		75.5%-2.3%
    % Black
    		11.4%0.9%
    % Hispanic
    		7.0%32.1%
    % Asian
    		3.9%-11.4%
    % Foreign Born
    		7.4%17.5%
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    Mortgage and Risk — Normal, IL

    According to HUD data as of 2023, there were 658 mortgage originations in Normal, IL, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Normal, IL. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		658
    % Conventional Loans
    		87.0%
    % Government Loans
    		13.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		6.0%
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    Rentals and Section 8 — Normal, IL

    As of 2024, the percent of homes in Normal, IL under the Section 8 program is 5.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Normal, IL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		521
    Total Units Section 8
    		521
    % Rentals under Section 8
    		5.8%
    % Occupied Section 8
    		83.6%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$110$900$790
    2 Bedroom-$120$1,130$1,010
    3 Bedroom-$460$1,850$1,390
    4 Bedroom-$710$2,100$1,390

    Affordability — Normal, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.7
    Median Home Price$270,000
    Median Household Income$66,600

    Normal, IL — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions