Elsah, IL—62028
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elsah, IL
As of Oct '25, the median home price in Elsah, IL is $187,000, with a year-over-year change of 4.5%. This indicates that home prices in Elsah, IL are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $187,000 | 4.5% |
| Single Family | $187,000 | 5.6% |
| 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 — Elsah, IL
Elsah, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 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 — Elsah, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Elsah, IL is 22. This is a decrease of -87.0% 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 | $232,000 | -39.0% |
Listing Count | 3 | -25.0% |
| Listings as % of Homes | 0.2% | -25.0% |
Days on Market | 22 | -87.0% |
Demographics — Elsah, IL
As of the latest ACS Survey released in 2023, Elsah, IL has a population of 1,100, which has decreased by -14.2% over the past 5 years. Elsah, IL is a less popular place for families, as children make up 6.9% of the population. The area has a moderately educated workforce, with 39.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,100 | -14.2% |
% Under 18 | 6.9% | -46.5% |
% Seniors | 27.5% | 66.7% |
% WFH | 12.6% | 82.6% |
% w/ College Degree | 39.7% | -3.6% |
As of the latest ACS Survey released in 2023, Elsah, IL is a predominantly white area, with 80.4% of the population identifying as white. The white population has shrunk by 14.2% in the last 5 years. The second most common race or ethnicity in Elsah, IL is asian, making up 6.4% of the population. Foreign-born residents account for 10.3% of the population in Elsah, IL, and this percentage has increased by 14.4% 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 | 80.4% | -14.2% |
% Black | 6.3% | 117.2% |
% Hispanic | 5.3% | 341.7% |
% Asian | 6.4% | 1,180.0% |
% Foreign Born | 10.3% | 14.4% |
Mortgage and Risk — Elsah, IL
According to HUD data as of 2023, there were 57 mortgage originations in Elsah, IL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Elsah, IL. Investor activity is low, as 0.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 57 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 0.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Elsah, IL
Elsah, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 9.2% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $880 |
| 2 Bedroom | N/A | N/A | $1,090 |
| 3 Bedroom | N/A | N/A | $1,410 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Elsah, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $187,000 |
| Median Household Income | $62,700 |