Shumway, IL—62461
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shumway, IL
As of Nov '25, the median home price in Shumway, IL is $220,000, with a year-over-year change of 6.5%. This indicates that home prices in Shumway, 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 | $220,000 | 6.5% |
| Single Family | $220,000 | 6.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $218,000 | 7.4% |
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 — Shumway, IL
Shumway, 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 — Shumway, IL
Shumway, IL lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Shumway, IL
As of the latest ACS Survey released in 2023, Shumway, IL has a population of 630, which has decreased by -6.2% over the past 5 years. Shumway, IL is a moderately popular place for families, as children make up 24.1% of the population. The area has a poorly educated workforce, with 16.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 630 | -6.2% |
% Under 18 | 24.1% | 34.6% |
% Seniors | 27.9% | 19.2% |
% WFH | 13.8% | 375.9% |
% w/ College Degree | 16.5% | -2.4% |
As of the latest ACS Survey released in 2023, Shumway, IL is a predominantly white area, with 97.9% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Shumway, IL is hispanic, making up 2.1% of the population. Foreign-born residents account for 1.6% of the population in Shumway, IL, and this percentage has increased by Inf% 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 | 97.9% | -2.1% |
% Black | 0.0% | N/A |
% Hispanic | 2.1% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.6% | ∞% |
Mortgage and Risk — Shumway, IL
Shumway, 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 — Shumway, IL
Shumway, 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 | $680 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,140 |
| 4 Bedroom | N/A | N/A | $1,270 |
Affordability — Shumway, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $220,000 |
| Median Household Income | $70,600 |