Mulberry Grove, IL—62262
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mulberry Grove, IL
As of Nov '25, the median home price in Mulberry Grove, IL is $149,000, with a year-over-year change of -5.7%. This indicates that home prices in Mulberry Grove, IL are decreasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $149,000 | -5.7% |
| Single Family | $149,000 | -4.5% |
| 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 — Mulberry Grove, IL
Mulberry Grove, 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 — Mulberry Grove, IL
As of Nov '25, Realtor.com reports that the median days on market for a home in Mulberry Grove, IL is 16. This is a decrease of -24.0% 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 | $110,000 | -36.0% |
Listing Count | 2 | 133.0% |
| Listings as % of Homes | 0.2% | 133.0% |
Days on Market | 16 | -24.0% |
Demographics — Mulberry Grove, IL
As of the latest ACS Survey released in 2023, Mulberry Grove, IL has a population of 1,890, which has increased by 25.5% over the past 5 years. Mulberry Grove, IL is a moderately popular place for families, as children make up 20.9% of the population. The area has a poorly educated workforce, with 13.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,890 | 25.5% |
% Under 18 | 20.9% | 14.8% |
% Seniors | 22.0% | 0.0% |
% WFH | 9.5% | 72.7% |
% w/ College Degree | 13.0% | 28.7% |
As of the latest ACS Survey released in 2023, Mulberry Grove, IL is a predominantly white area, with 86.9% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Mulberry Grove, IL is black, making up 3.8% of the population. Foreign-born residents account for 0.1% of the population in Mulberry Grove, IL, and this percentage has decreased by 96.9% 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 | 86.9% | -4.8% |
% Black | 3.8% | -30.9% |
% Hispanic | 0.8% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.1% | -96.9% |
Mortgage and Risk — Mulberry Grove, IL
Mulberry Grove, 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 |
Rentals and Section 8 — Mulberry Grove, IL
Mulberry Grove, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $850 |
| 2 Bedroom | N/A | N/A | $960 |
| 3 Bedroom | N/A | N/A | $1,180 |
| 4 Bedroom | N/A | N/A | $1,270 |
Affordability — Mulberry Grove, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $149,000 |
| Median Household Income | $58,700 |