Pawnee, IL—62558
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pawnee, IL
As of Oct '25, the median home price in Pawnee, IL is $182,000, with a year-over-year change of 10.0%. This indicates that home prices in Pawnee, IL are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $182,000 | 10.0% |
| Single Family | $182,000 | 11.0% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pawnee, IL
As of July '25, Rentcast reports the average rent in Pawnee, IL is $875, with a year-over-year rent change of -32.7%. Per bedroom, the median rent as of July '25 in Pawnee, IL is 2-bedrooms: $875. The most common rental property sizes in Pawnee, IL are 2-bedroom and 3-bedroom, accounting for 50.6% and 31.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $875 | $875 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $875 | $875 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Pawnee, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Pawnee, IL is 39. This is a increase of 28.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $211,000 | 60.0% |
Listing Count | 7 | 31.0% |
| Listings as % of Homes | 0.6% | 31.0% |
Days on Market | 39 | 28.0% |
Demographics — Pawnee, IL
As of the latest ACS Survey released in 2023, Pawnee, IL has a population of 3,580, which has increased by 7.1% over the past 5 years. Pawnee, 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 28.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,580 | 7.1% |
% Under 18 | 19.0% | -20.8% |
% Seniors | 21.8% | 44.4% |
% WFH | 9.3% | 210.0% |
% w/ College Degree | 28.0% | 27.3% |
As of the latest ACS Survey released in 2023, Pawnee, IL is a predominantly white area, with 94.5% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Pawnee, IL is black, making up 1.3% of the population. Foreign-born residents account for 0.5% of the population in Pawnee, IL, and this percentage has increased by 150.0% 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 | 94.5% | -3.6% |
% Black | 1.3% | ∞% |
% Hispanic | 1.1% | 450.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.5% | 150.0% |
Mortgage and Risk — Pawnee, IL
According to HUD data as of 2023, there were 116 mortgage originations in Pawnee, IL, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Pawnee, IL. Investor activity is low, as 8.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 116 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Pawnee, IL
Pawnee, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 17 |
Total Units Section 8 | 17 |
% Rentals under Section 8 | 7.3% |
% Occupied Section 8 | 71.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $880 |
| 2 Bedroom | $205 | $875 | $1,080 |
| 3 Bedroom | N/A | N/A | $1,460 |
| 4 Bedroom | N/A | N/A | $1,490 |
Affordability — Pawnee, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $182,000 |
| Median Household Income | $78,500 |