What is the average home price in Liberty, IL 62347?

As of May '26, the median home price in Liberty, IL 62347 is $255,000, based on Zillow home estimates.

How have home prices in Liberty, IL 62347 changed over the past year?

As of May '26, home prices have increased 22.8% over the past year, according to Zillow home estimates data.

What is the home price projection for Liberty, IL 62347?

As of May '26, Zillow projects home prices in Liberty, IL 62347 to increase 1.7% in the next year.

What are the demographics of Liberty, IL 62347?

According to the latest Census, the demographics of Liberty, IL 62347 are 99.7% White, 0.0% Black, 0.0% Asian, 0.0% Hispanic. The population is 2,170, with 28.7% under 18 years old.

How long does it take homes to sell in Liberty, IL 62347?

According to Realtor.com, as of May '26, the median home in Liberty, IL 62347 is on the market for 17 days. This is a decrease of 9.0% from last year.

What is the average rent price in Liberty, IL 62347?

The average rent price in Liberty, IL 62347, as of the latest data, is N/A. The average rent for 1 bedroom homes is N/A. For 2, 3, and 4 bedroom homes, the average rent is N/A, N/A, and N/A respectively.

Liberty, IL 62347 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Liberty, IL—62347

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$255,000

22.8% YoY Growth

Household Income

$93,000

45.6% YoY Growth

Days on Market

9.0% Shorter YoY

Home Price Forecast

1.7%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Liberty, IL

As of May '26, the median home price in Liberty, IL is $255,000, with a year-over-year change of 22.8%. This indicates that home prices in Liberty, IL are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$255,000	22.8%
Single Family	$255,000	23.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Liberty, IL

Liberty, 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

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% of Rental Stock

1 Bedroom

9.0%

2 Bedrooms

32.8%

3 Bedrooms

44.8%

4 Bedrooms

13.4%

Property Listings — Liberty, IL

As of May '26, Realtor.com reports that the median days on market for a home in Liberty, IL is 17. This is a decrease of -9.0% 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	$284,000	100.0%
Listing Count	3	-53.0%
Listings as % of Homes	0.4%	-53.0%
Days on Market	17	-9.0%

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Demographics — Liberty, IL

As of the latest ACS Survey released in 2023, Liberty, IL has a population of 2,170, which has increased by 11.0% over the past 5 years. Liberty, IL is a popular place for families, as children make up 28.7% of the population. The area has a moderately educated workforce, with 26.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,170	11.0%
% Under 18	28.7%	0.0%
% Seniors	17.4%	18.4%
% WFH	4.0%	-69.0%
% w/ College Degree	26.7%	21.4%

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As of the latest ACS Survey released in 2023, Liberty, IL is a predominantly white area, with 99.7% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Liberty, IL is black, making up 0.0% of the population. Foreign-born residents account for 0.1% of the population in Liberty, IL, and this percentage has decreased by 85.7% 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	99.7%	1.7%
% Black	0.0%	-100.0%
% Hispanic	0.0%	N/A
% Asian	0.0%	-100.0%
% Foreign Born	0.1%	-85.7%

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Mortgage and Risk — Liberty, IL

According to HUD data as of 2023, there were 17 mortgage originations in Liberty, IL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Liberty, IL. Investor activity is low, as 0.0% 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	17
% Conventional Loans	76.0%
% Government Loans	24.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Liberty, IL

Liberty, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	14
Total Units Section 8	0
% 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	$670
2 Bedroom	N/A	N/A	$870
3 Bedroom	N/A	N/A	$1,120
4 Bedroom	N/A	N/A	$1,180

Liberty, IL—62347

Key Metrics at a Glance

Home Price Trends — Liberty, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Liberty, IL

% of Rental Stock

Property Listings — Liberty, IL

Demographics — Liberty, IL

Race and Ethnicity

Mortgage and Risk — Liberty, IL

Mortgages

Rentals and Section 8 — Liberty, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Liberty, IL

Home Price to Income Ratio

Liberty, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Plainville, IL

Camp Point, IL

Barry, IL

Clayton, IL

Payson, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.2
Median Home Price	$255,000
Median Household Income	$93,000