Illiopolis, IL—62539
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Illiopolis, IL
As of Nov '25, the median home price in Illiopolis, IL is $136,000, with a year-over-year change of 7.6%. This indicates that home prices in Illiopolis, IL are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $136,000 | 7.6% |
| Single Family | $136,000 | 8.8% |
| 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 — Illiopolis, IL
Illiopolis, 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 — Illiopolis, IL
As of Nov '25, Realtor.com reports that the median days on market for a home in Illiopolis, IL is 75. This is a increase of 171.0% 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 80.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $50,000 | -57.0% |
Listing Count | 5 | 67.0% |
| Listings as % of Homes | 0.5% | 67.0% |
Days on Market | 75 | 171.0% |
Demographics — Illiopolis, IL
As of the latest ACS Survey released in 2023, Illiopolis, IL has a population of 1,340, which has increased by 3.5% over the past 5 years. Illiopolis, IL is a popular place for families, as children make up 27.3% of the population. The area has a moderately educated workforce, with 28.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,340 | 3.5% |
% Under 18 | 27.3% | 15.7% |
% Seniors | 20.9% | 7.2% |
% WFH | 7.2% | 300.0% |
% w/ College Degree | 28.9% | 110.9% |
As of the latest ACS Survey released in 2023, Illiopolis, IL is a predominantly white area, with 95.6% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Illiopolis, IL is black, making up 1.4% of the population. Foreign-born residents account for 0.6% of the population in Illiopolis, 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 | 95.6% | -0.4% |
% Black | 1.4% | ∞% |
% Hispanic | 0.4% | -82.6% |
% Asian | 0.4% | ∞% |
% Foreign Born | 0.6% | ∞% |
Mortgage and Risk — Illiopolis, IL
According to HUD data as of 2023, there were 64 mortgage originations in Illiopolis, IL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Illiopolis, IL. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 64 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Rentals and Section 8 — Illiopolis, IL
Illiopolis, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | N/A | N/A | $970 |
| 3 Bedroom | N/A | N/A | $1,300 |
| 4 Bedroom | N/A | N/A | $1,330 |
Affordability — Illiopolis, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.3 |
| Median Home Price | $136,000 |
| Median Household Income | $88,600 |