Thomasboro, IL—61878
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Thomasboro, IL
As of Oct '25, the median home price in Thomasboro, IL is $142,000, with a year-over-year change of 2.3%. This indicates that home prices in Thomasboro, IL are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $142,000 | 2.3% |
| Single Family | $142,000 | 3.6% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Thomasboro, IL
As of July '25, Rentcast reports the average rent in Thomasboro, IL is $710, with a year-over-year rent change of 29.1%. Per bedroom, the median rent as of July '25 in Thomasboro, IL is 1-bedrooms: $710. The most common rental property sizes in Thomasboro, IL are 2-bedroom and 3-bedroom, accounting for 54.8% and 25.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $710 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $710 |
| 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 — Thomasboro, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Thomasboro, IL is 97. This is a increase of 88.0% 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 | $136,000 | 15.0% |
Listing Count | 4 | 20.0% |
| Listings as % of Homes | 1.0% | 20.0% |
Days on Market | 97 | 88.0% |
Demographics — Thomasboro, IL
As of the latest ACS Survey released in 2023, Thomasboro, IL has a population of 1,180, which has decreased by -10.0% over the past 5 years. Thomasboro, IL is a moderately popular place for families, as children make up 19.1% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,180 | -10.0% |
% Under 18 | 19.1% | 28.2% |
% Seniors | 21.6% | 6.9% |
% WFH | 4.5% | 12.5% |
% w/ College Degree | 19.5% | 0.5% |
As of the latest ACS Survey released in 2023, Thomasboro, IL is a predominantly white area, with 87.6% of the population identifying as white. The white population has shrunk by 9.1% in the last 5 years. The second most common race or ethnicity in Thomasboro, IL is hispanic, making up 6.4% of the population. Foreign-born residents account for 6.8% of the population in Thomasboro, IL, and this percentage has increased by 1260.0% 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 | 87.6% | -9.1% |
% Black | 2.4% | 71.4% |
% Hispanic | 6.4% | 814.3% |
% Asian | 0.4% | ∞% |
% Foreign Born | 6.8% | 1,260.0% |
Mortgage and Risk — Thomasboro, IL
According to HUD data as of 2023, there were 73 mortgage originations in Thomasboro, IL, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Thomasboro, IL. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 73 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Thomasboro, IL
Thomasboro, 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 | $50 | $750 | $800 |
| 2 Bedroom | N/A | N/A | $950 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,260 |
Affordability — Thomasboro, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $142,000 |
| Median Household Income | $72,200 |