Glen Carbon, IL—62034
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Glen Carbon, IL
As of Oct '25, the median home price in Glen Carbon, IL is $322,000, with a year-over-year change of 4.6%. This indicates that home prices in Glen Carbon, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $322,000 | 4.6% |
| Single Family | $324,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $240,000 | 4.8% |
2 Bed | $203,000 | 3.0% |
3 Bed | $295,000 | 4.2% |
4 Bed | $386,000 | 4.6% |
| 5 Bed | $489,000 | 2.9% |
% of Housing Stock
Rental Trends — Glen Carbon, IL
As of July '25, Rentcast reports the average rent in Glen Carbon, IL is $1,500, with a year-over-year rent change of -9.1%. Per bedroom, the median rent as of July '25 in Glen Carbon, IL is 1-bedrooms: $1,210, 2-bedrooms: $1,410, 3-bedrooms: $1,940, 4-bedrooms: $2,450. The most common rental property sizes in Glen Carbon, IL are 2-bedroom and 1-bedroom, accounting for 50.5% and 27.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,480 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,020 | $1,210 |
| 2 Bed Rent | $1,350 | $1,410 |
| 3 Bed Rent | $2,000 | $1,940 |
| 4 Bed Rent | $2,450 | $2,450 |
% of Rental Stock
Property Listings — Glen Carbon, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Glen Carbon, IL is 45. This is a increase of 8.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $462,000 | 23.0% |
Listing Count | 47 | -1.0% |
| Listings as % of Homes | 1.0% | -1.0% |
Days on Market | 45 | 8.0% |
Demographics — Glen Carbon, IL
As of the latest ACS Survey released in 2023, Glen Carbon, IL has a population of 14,500, which has increased by 6.2% over the past 5 years. Glen Carbon, IL is a moderately popular place for families, as children make up 22.2% of the population. The area has a highly educated workforce, with 49.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,500 | 6.2% |
% Under 18 | 22.2% | -6.7% |
% Seniors | 19.9% | -0.5% |
% WFH | 19.3% | 175.7% |
% w/ College Degree | 49.4% | -7.1% |
As of the latest ACS Survey released in 2023, Glen Carbon, IL is a predominantly white area, with 83.0% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Glen Carbon, IL is black, making up 8.5% of the population. Foreign-born residents account for 1.6% of the population in Glen Carbon, IL, and this percentage has decreased by 61.9% 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 | 83.0% | -5.8% |
% Black | 8.5% | 54.5% |
% Hispanic | 3.9% | 105.3% |
% Asian | 0.7% | -68.2% |
% Foreign Born | 1.6% | -61.9% |
Mortgage and Risk — Glen Carbon, IL
Glen Carbon, 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 |
Loan Activity
No data available
Rentals and Section 8 — Glen Carbon, IL
As of 2024, the percent of homes in Glen Carbon, IL under the Section 8 program is 0.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Glen Carbon, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $1,020 | $1,030 |
| 2 Bedroom | -$80 | $1,350 | $1,270 |
| 3 Bedroom | -$360 | $2,000 | $1,640 |
| 4 Bedroom | -$560 | $2,450 | $1,890 |
Affordability — Glen Carbon, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $322,000 |
| Median Household Income | $93,400 |