Red Bud, IL—62278
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Red Bud, IL
As of Aug '25, the median home price in Red Bud, IL is $241,000, with a year-over-year change of 7.3%. This indicates that home prices in Red Bud, IL are increasing. According to Zillow, the 1-year price projection is NA, suggesting an uncertain housing market in the next year.
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $203,000 | 5.7% |
3 Bed | $284,000 | 5.6% |
4 Bed | $339,000 | 4.0% |
| 5 Bed | N/A | N/A |
Rental Trends — Red Bud, IL
As of Jul '25, the average rent in Red Bud, IL is NA, with a year-over-year rent change of NA. Detailed rent data by bedroom size is not available.
| 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 |
Property Listings — Red Bud, IL
As of Aug '25 and according to Realtor.com, the median days on market for a home in Red Bud, IL is 51. This is an increase of 122.0% from last year. This indicates that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $214,000 | -12.0% |
Listing Count | 13 | N/A |
| Listings as % of Homes | 0.4% | N/A |
Days on Market | 51 | 122.0% |
Demographics — Red Bud, IL
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,420 | -1.8% |
% Under 18 | 24.7% | 9.3% |
| % Under 5 | N/A | N/A |
% Seniors | 21.6% | 14.3% |
% WFH | 6.3% | 173.9% |
% w/ College Degree | 21.8% | 23.9% |
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 the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Red Bud, IL in that year was 108. 78.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 65.0%. Of those, 24.0% were >90% loan to value. This is considered very high, suggesting that mortgage risk is large in Red Bud, IL. Investor activity in Red Bud, IL is low, as 6.0% of all loans are originated by investors. In 2023, 11.0% of all loans were cash-out refinances, suggesting many homeowners are actively tapping their home's equity.
Mortgages
| Metric | Zip Code Average | Metro Average | State Average |
|---|---|---|---|
Total Loan Originations | 108 | N/A | N/A |
% Conventional Loans | 78.0% | N/A | N/A |
% Government Loans | 22.0% | N/A | N/A |
% Investor Loans | 6.0% | N/A | N/A |
% Second Loans | 0.0% | N/A | N/A |
% Cash Out Refinance | 11.0% | N/A | N/A |
Rentals and Section 8 — Red Bud, IL
As of 2024, the percent of homes in Red Bud, IL under the Section 8 program is 1.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays homeowners more than the average rental market rate for various home sizes. For each bedroom size, the average difference between HUD payments and market rents is shown in the table below.
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 | Metro Average | State Average |
|---|---|---|---|
| Home Price to Income Ratio | 2.4 | N/A | N/A |
| Median Home Price | $241,000 | N/A | N/A |
| Median Household Income | $85,000 | N/A | N/A |