Red Bud, IL—62278
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Red Bud, IL
Red Bud, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $243,000 | 10.6% |
| Single Family | $244,000 | 11.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $205,000 | 7.9% |
3 Bed | $282,000 | 7.2% |
4 Bed | $339,000 | 5.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Red Bud, IL
Red Bud, 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 — Red Bud, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Red Bud, IL is 64. This is a increase of 19.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $198,000 | 31.0% |
Listing Count | 14 | 11.0% |
| Listings as % of Homes | 0.4% | 11.0% |
Days on Market | 64 | 19.0% |
Demographics — Red Bud, IL
As of the latest ACS Survey released in 2023, Red Bud, IL has a population of 6,420, which has decreased by -1.8% over the past 5 years. Red Bud, IL is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 21.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,420 | -1.8% |
% Under 18 | 24.7% | 9.3% |
% Seniors | 21.6% | 14.3% |
% WFH | 6.3% | 173.9% |
% w/ College Degree | 21.8% | 23.9% |
As of the latest ACS Survey released in 2023, Red Bud, IL is a predominantly white area, with 93.9% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Red Bud, IL is asian, making up 2.3% of the population. Foreign-born residents account for 3.1% of the population in Red Bud, IL, and this percentage has increased by 520.0% 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 | 93.9% | -3.0% |
% Black | 0.3% | ∞% |
% Hispanic | 1.3% | -7.1% |
% Asian | 2.3% | 1,050.0% |
% Foreign Born | 3.1% | 520.0% |
Mortgage and Risk — Red Bud, IL
According to HUD data as of 2023, there were 108 mortgage originations in Red Bud, IL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Red Bud, IL. Investor activity is low, as 6.0% 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 | 108 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Red Bud, IL
Red Bud, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | N/A |
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 — Red Bud, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $243,000 |
| Median Household Income | $85,000 |