Oreana, IL—62554
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Oreana, IL
Home Price Trends — Oreana, IL
As of Nov '25, the median home price in Oreana, IL is $169,000, with a year-over-year change of 7.8%. This indicates that home prices in Oreana, IL are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $169,000 | 7.8% |
| Single Family | $169,000 | 8.3% |
| 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 | $167,000 | 7.1% |
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 | $550 | $550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $550 | $550 |
| 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 Nov '25, Realtor.com reports that the median days on market for a home in Oreana, IL is 4. This is a decrease of -11.0% 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 | $47,000 | -66.0% |
Listing Count | 1 | -82.0% |
| Listings as % of Homes | 0.4% | -82.0% |
Days on Market | 4 | -11.0% |
Demographics — Oreana, IL
As of the latest ACS Survey released in 2023, Oreana, IL has a population of 1,740, which has increased by 32.6% over the past 5 years. Oreana, IL is a popular place for families, as children make up 26.4% of the population. The area has a poorly educated workforce, with 21.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,740 | 32.6% |
% Under 18 | 26.4% | 16.3% |
% Seniors | 15.0% | -26.5% |
% WFH | 5.1% | 466.7% |
% w/ College Degree | 21.4% | -11.9% |
As of the latest ACS Survey released in 2023, Oreana, IL is a predominantly white area, with 92.9% of the population identifying as white. The white population has grown by 8.3% in the last 5 years. The second most common race or ethnicity in Oreana, IL is black, making up 2.4% of the population. Foreign-born residents account for 1.1% of the population in Oreana, IL, and this percentage has decreased by 71.8% 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 | 92.9% | 8.3% |
% Black | 2.4% | 200.0% |
% Hispanic | 1.8% | 12.5% |
% Asian | 0.7% | -78.1% |
% Foreign Born | 1.1% | -71.8% |
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 |
Rentals and Section 8 — Oreana, IL
Oreana, 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 | $330 | $550 | $880 |
| 2 Bedroom | N/A | N/A | $1,090 |
| 3 Bedroom | N/A | N/A | $1,440 |
| 4 Bedroom | N/A | N/A | $1,700 |
Affordability — Oreana, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.5 |
| Median Home Price | $169,000 |
| Median Household Income | $90,000 |