What is the average home price in Philo, IL 61864?

As of May '26, the median home price in Philo, IL 61864 is $265,000, based on Zillow home estimates.

How have home prices in Philo, IL 61864 changed over the past year?

As of May '26, home prices have increased 9.1% over the past year, according to Zillow home estimates data.

What is the home price projection for Philo, IL 61864?

As of May '26, Zillow projects home prices in Philo, IL 61864 to increase 2.8% in the next year.

What are the demographics of Philo, IL 61864?

According to the latest Census, the demographics of Philo, IL 61864 are 98.2% White, 0.0% Black, 0.8% Asian, 0.5% Hispanic. The population is 1,710, with 30.1% under 18 years old.

How long does it take homes to sell in Philo, IL 61864?

According to Realtor.com, as of May '26, the median home in Philo, IL 61864 is on the market for 54 days. This is a decrease of 57.0% from last year.

What is the average rent price in Philo, IL 61864?

The average rent price in Philo, IL 61864, as of the latest data, is $1,980. The average rent for 1 bedroom homes is N/A. For 2, 3, and 4 bedroom homes, the average rent is N/A, $1,980, and N/A respectively.

Philo, IL 61864 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Philo, IL—61864

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$265,000

9.1% YoY Growth

Household Income

$91,800

17.2% YoY Growth

Days on Market

57.0% Shorter YoY

Home Price Forecast

2.8%

Median Rent

$1,980

214.3% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,980

214.3% YoY Growth

Home Price Trends — Philo, IL

As of May '26, the median home price in Philo, IL is $265,000, with a year-over-year change of 9.1%. This indicates that home prices in Philo, IL are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$265,000	9.1%
Single Family	$265,000	8.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Philo, IL

As of July '25, Rentcast reports the average rent in Philo, IL is $1,980, with a year-over-year rent change of 214.3%. Per bedroom, the median rent as of July '25 in Philo, IL is 3-bedrooms: $1,980. The most common rental property sizes in Philo, IL are 3-bedroom and 4-bedroom, accounting for 68.7% and 17.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,980	$1,980
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,980	$1,980
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

9.0%

2 Bedrooms

4.5%

3 Bedrooms

68.7%

4 Bedrooms

17.9%

Property Listings — Philo, IL

As of May '26, Realtor.com reports that the median days on market for a home in Philo, IL is 54. This is a decrease of -57.0% 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	$245,000	2.0%
Listing Count	2	175.0%
Listings as % of Homes	N/A	175.0%
Days on Market	54	-57.0%

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Demographics — Philo, IL

As of the latest ACS Survey released in 2023, Philo, IL has a population of 1,710, which has remained stable by -0.3% over the past 5 years. Philo, IL is a popular place for families, as children make up 30.1% of the population. The area has a moderately educated workforce, with 29.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,710	-0.3%
% Under 18	30.1%	33.2%
% Seniors	17.2%	-7.0%
% WFH	8.3%	186.2%
% w/ College Degree	29.0%	-20.3%

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As of the latest ACS Survey released in 2023, Philo, IL is a predominantly white area, with 98.2% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Philo, IL is asian, making up 0.8% of the population. Foreign-born residents account for 1.1% of the population in Philo, IL, and this percentage has increased by 450.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	98.2%	-1.8%
% Black	0.0%	N/A
% Hispanic	0.5%	∞%
% Asian	0.8%	∞%
% Foreign Born	1.1%	450.0%

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Mortgage and Risk — Philo, IL

Philo, IL lacks sufficient mortgage origination data for analysis.

Mortgages

Metric	Zip Code Average
Total Loan Originations	N/A
% Conventional Loans	N/A
% Government Loans	N/A
% Investor Loans	N/A
% Second Loans	N/A
% Cash Out Refinance	N/A

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Rentals and Section 8 — Philo, IL

Philo, 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	$960
2 Bedroom	N/A	N/A	$1,140
3 Bedroom	-$500	$1,980	$1,480
4 Bedroom	N/A	N/A	$1,510

Philo, IL—61864

Key Metrics at a Glance

Home Price Trends — Philo, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Philo, IL

% of Rental Stock

Property Listings — Philo, IL

Demographics — Philo, IL

Race and Ethnicity

Mortgage and Risk — Philo, IL

Mortgages

Rentals and Section 8 — Philo, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Philo, IL

Home Price to Income Ratio

Philo, IL — ZIP Code Boundary Map

Nearby ZIP Codes

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Savoy, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.5
Median Home Price	$265,000
Median Household Income	$91,800