Hamilton, IL—62341
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hamilton, IL
As of Nov '25, the median home price in Hamilton, IL is $117,000, with a year-over-year change of 0.0%. This indicates that home prices in Hamilton, IL are flat. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $117,000 | 0.0% |
| Single Family | $117,000 | 0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | 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 — Hamilton, IL
Hamilton, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $579 | $477 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $300 | $444 |
| 3 Bed Rent | $607 | $607 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hamilton, IL
As of Nov '25, Realtor.com reports that the median days on market for a home in Hamilton, IL is 72. This is a increase of 52.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $122,000 | -13.0% |
Listing Count | 18 | 14.0% |
| Listings as % of Homes | 0.4% | 14.0% |
Days on Market | 72 | 52.0% |
Demographics — Hamilton, IL
As of the latest ACS Survey released in 2023, Hamilton, IL has a population of 3,440, which has remained stable by -0.4% over the past 5 years. Hamilton, IL is a moderately popular place for families, as children make up 24.3% of the population. The area has a poorly educated workforce, with 22.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,440 | -0.4% |
% Under 18 | 24.3% | 25.9% |
% Seniors | 19.6% | -17.3% |
% WFH | 13.5% | 309.1% |
% w/ College Degree | 22.8% | 6.5% |
As of the latest ACS Survey released in 2023, Hamilton, IL is a predominantly white area, with 96.7% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Hamilton, IL is black, making up 1.5% of the population. Foreign-born residents account for 1.0% of the population in Hamilton, IL, and this percentage has decreased by 58.3% 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 | 96.7% | 1.3% |
% Black | 1.5% | -11.8% |
% Hispanic | 0.3% | ∞% |
% Asian | 0.2% | -80.0% |
% Foreign Born | 1.0% | -58.3% |
Mortgage and Risk — Hamilton, IL
According to HUD data as of 2023, there were 29 mortgage originations in Hamilton, IL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Hamilton, IL. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 29 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 10.0% |
Rentals and Section 8 — Hamilton, IL
Hamilton, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $770 |
| 2 Bedroom | $610 | $300 | $910 |
| 3 Bedroom | $533 | $607 | $1,140 |
| 4 Bedroom | N/A | N/A | $1,210 |
Affordability — Hamilton, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $117,000 |
| Median Household Income | $65,000 |