Saint Joseph, IL—61873
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Saint Joseph, IL
As of Nov '25, the median home price in Saint Joseph, IL is $275,000, with a year-over-year change of 4.9%. This indicates that home prices in Saint Joseph, IL are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $275,000 | 4.9% |
| Single Family | $277,000 | 4.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $261,000 | 5.2% |
4 Bed | $343,000 | 3.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Saint Joseph, IL
As of July '25, Rentcast reports the average rent in Saint Joseph, IL is $1,700, with a year-over-year rent change of -5.6%. Per bedroom, the median rent as of July '25 in Saint Joseph, IL is 3-bedrooms: $1,700. The most common rental property sizes in Saint Joseph, IL are 2-bedroom and 3-bedroom, accounting for 62.7% and 22.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,700 | $1,700 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Saint Joseph, IL
As of Nov '25, Realtor.com reports that the median days on market for a home in Saint Joseph, IL is 43. This is a decrease of -55.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $250,000 | -13.0% |
Listing Count | 15 | 29.0% |
| Listings as % of Homes | 0.2% | 29.0% |
Days on Market | 43 | -55.0% |
Demographics — Saint Joseph, IL
As of the latest ACS Survey released in 2023, Saint Joseph, IL has a population of 5,800, which has decreased by -11.0% over the past 5 years. Saint Joseph, IL is a popular place for families, as children make up 26.2% of the population. The area has a moderately educated workforce, with 35.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,800 | -11.0% |
% Under 18 | 26.2% | -4.0% |
% Seniors | 15.7% | 13.8% |
% WFH | 14.2% | 491.7% |
% w/ College Degree | 35.9% | 2.3% |
As of the latest ACS Survey released in 2023, Saint Joseph, IL is a predominantly white area, with 93.1% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Saint Joseph, IL is asian, making up 1.9% of the population. Foreign-born residents account for 2.5% of the population in Saint Joseph, IL, and this percentage has increased by 31.6% 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 | 93.1% | -3.5% |
% Black | 0.5% | ∞% |
% Hispanic | 1.8% | 28.6% |
% Asian | 1.9% | 58.3% |
% Foreign Born | 2.5% | 31.6% |
Mortgage and Risk — Saint Joseph, IL
According to HUD data as of 2023, there were 137 mortgage originations in Saint Joseph, IL, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Saint Joseph, IL. Investor activity is low, as 9.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 137 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 9.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Rentals and Section 8 — Saint Joseph, IL
Saint Joseph, 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 | 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 | $800 |
| 2 Bedroom | N/A | N/A | $950 |
| 3 Bedroom | -$460 | $1,700 | $1,240 |
| 4 Bedroom | N/A | N/A | $1,260 |
Affordability — Saint Joseph, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $275,000 |
| Median Household Income | $113,000 |