Sullivan, IL—61951
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sullivan, IL
Sullivan, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $186,000 | 8.2% |
| Single Family | $185,000 | 7.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $113,000 | 2.7% |
3 Bed | $201,000 | 9.2% |
4 Bed | $269,000 | 10.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sullivan, IL
As of July '25, Rentcast reports the average rent in Sullivan, IL is $855, with a year-over-year rent change of -5.6%. Per bedroom, the median rent as of July '25 in Sullivan, IL is 1-bedrooms: $700, 2-bedrooms: $894. The most common rental property sizes in Sullivan, IL are 2-bedroom and 3-bedroom, accounting for 37.8% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $700 | $855 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $700 |
| 2 Bed Rent | $650 | $894 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Sullivan, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Sullivan, IL is 40. This is a decrease of -44.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $175,000 | -2.0% |
Listing Count | 16 | -48.0% |
| Listings as % of Homes | 0.4% | -48.0% |
Days on Market | 40 | -44.0% |
Demographics — Sullivan, IL
As of the latest ACS Survey released in 2023, Sullivan, IL has a population of 7,650, which has decreased by -3.8% over the past 5 years. Sullivan, IL is a popular place for families, as children make up 25.2% of the population. The area has a poorly educated workforce, with 22.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,650 | -3.8% |
% Under 18 | 25.2% | 13.5% |
% Seniors | 18.5% | -8.4% |
% WFH | 4.4% | -13.7% |
% w/ College Degree | 22.2% | -3.5% |
As of the latest ACS Survey released in 2023, Sullivan, IL is a predominantly white area, with 96.6% of the population identifying as white. The white population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Sullivan, IL is black, making up 1.4% of the population. Foreign-born residents account for 0.6% of the population in Sullivan, IL, and this percentage has decreased by 60.0% 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 | 96.6% | 0.8% |
% Black | 1.4% | 100.0% |
% Hispanic | 0.8% | -60.0% |
% Asian | 0.2% | -33.3% |
% Foreign Born | 0.6% | -60.0% |
Mortgage and Risk — Sullivan, IL
According to HUD data as of 2023, there were 83 mortgage originations in Sullivan, IL, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Sullivan, IL. Investor activity is low, as 8.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 83 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Sullivan, IL
Sullivan, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 48 |
Total Units Section 8 | 48 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 76.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $700 | $730 |
| 2 Bedroom | $300 | $650 | $950 |
| 3 Bedroom | N/A | N/A | $1,330 |
| 4 Bedroom | N/A | N/A | $1,600 |
Affordability — Sullivan, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $186,000 |
| Median Household Income | $75,200 |