Fairview Heights, IL—62208
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairview Heights, IL
As of Oct '25, the median home price in Fairview Heights, IL is $188,000, with a year-over-year change of 2.2%. This indicates that home prices in Fairview Heights, IL are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $188,000 | 2.2% |
| Single Family | $189,000 | 2.2% |
| Condos | $154,000 | 5.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $150,000 | 7.1% |
3 Bed | $206,000 | 4.0% |
4 Bed | $316,000 | 3.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fairview Heights, IL
As of July '25, Rentcast reports the average rent in Fairview Heights, IL is $1,090, with a year-over-year rent change of -24.3%. Per bedroom, the median rent as of July '25 in Fairview Heights, IL is studios: $912, 1-bedrooms: $893, 2-bedrooms: $1,190, 3-bedrooms: $1,710. The most common rental property sizes in Fairview Heights, IL are 2-bedroom and 3-bedroom, accounting for 53.1% and 19.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $1,090 |
| Studio Rent | $775 | $912 |
| 1 Bed Rent | $825 | $893 |
| 2 Bed Rent | $950 | $1,190 |
| 3 Bed Rent | $1,350 | $1,710 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Fairview Heights, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairview Heights, IL is 110. This is a increase of 155.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $345,000 | 66.0% |
Listing Count | 89 | 47.0% |
| Listings as % of Homes | 0.5% | 47.0% |
Days on Market | 110 | 155.0% |
Demographics — Fairview Heights, IL
As of the latest ACS Survey released in 2023, Fairview Heights, IL has a population of 16,700, which has remained stable by 0.8% over the past 5 years. Fairview Heights, IL is a moderately popular place for families, as children make up 22.0% of the population. The area has a moderately educated workforce, with 30.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,700 | 0.8% |
% Under 18 | 22.0% | 12.2% |
% Seniors | 17.9% | 11.2% |
% WFH | 7.2% | 94.6% |
% w/ College Degree | 30.8% | -6.9% |
As of the latest ACS Survey released in 2023, Fairview Heights, IL is a predominantly white area, with 50.2% of the population identifying as white. The white population has shrunk by 15.2% in the last 5 years. The second most common race or ethnicity in Fairview Heights, IL is black, making up 33.4% of the population. Foreign-born residents account for 3.6% of the population in Fairview Heights, IL, and this percentage has decreased by 5.3% 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 | 50.2% | -15.2% |
% Black | 33.4% | 6.7% |
% Hispanic | 2.5% | 0.0% |
% Asian | 2.6% | -10.3% |
% Foreign Born | 3.6% | -5.3% |
Mortgage and Risk — Fairview Heights, IL
According to HUD data as of 2023, there were 250 mortgage originations in Fairview Heights, IL, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Fairview Heights, IL. Investor activity is low, as 8.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 250 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Fairview Heights, IL
Fairview Heights, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 75 |
Total Units Section 8 | 75 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $245 | $825 | $1,070 |
| 2 Bedroom | $370 | $950 | $1,320 |
| 3 Bedroom | $360 | $1,350 | $1,710 |
| 4 Bedroom | N/A | N/A | $1,960 |
Affordability — Fairview Heights, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $188,000 |
| Median Household Income | $78,400 |