Oreana, IL—62501
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Oreana, IL
Home Price Trends — Oreana, IL
As of Oct '25, the median home price in Oreana, IL is $187,000, with a year-over-year change of 10.9%. This indicates that home prices in Oreana, IL are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $187,000 | 10.9% |
| Single Family | $187,000 | 12.0% |
| 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 | $177,000 | 7.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Oreana, IL
Oreana, 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 — Oreana, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Oreana, IL is 82. This is a decrease of -71.0% 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 | $301,000 | -66.0% |
Listing Count | 5 | 40.0% |
| Listings as % of Homes | 0.8% | 40.0% |
Days on Market | 82 | -71.0% |
Demographics — Oreana, IL
As of the latest ACS Survey released in 2023, Oreana, IL has a population of 2,110, which has decreased by -26.2% over the past 5 years. Oreana, IL is a moderately popular place for families, as children make up 19.0% of the population. The area has a moderately educated workforce, with 33.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,110 | -26.2% |
% Under 18 | 19.0% | -15.9% |
% Seniors | 22.6% | 58.0% |
% WFH | 6.7% | 52.3% |
% w/ College Degree | 33.0% | 42.2% |
As of the latest ACS Survey released in 2023, Oreana, IL is a predominantly white area, with 97.0% of the population identifying as white. The white population has grown by 6.7% in the last 5 years. The second most common race or ethnicity in Oreana, IL is hispanic, making up 0.8% of the population. Foreign-born residents account for 1.2% of the population in Oreana, IL, and this percentage has increased by 140.0% 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 | 97.0% | 6.7% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.8% | 33.3% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.2% | 140.0% |
Mortgage and Risk — Oreana, IL
Oreana, 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 |
Loan Activity
No data available
Rentals and Section 8 — Oreana, IL
Oreana, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $980 |
| 2 Bedroom | N/A | N/A | $1,220 |
| 3 Bedroom | N/A | N/A | $1,610 |
| 4 Bedroom | N/A | N/A | $1,900 |
Affordability — Oreana, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.6 |
| Median Home Price | $187,000 |
| Median Household Income | $94,500 |