Jacksonville, IL—62650
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Jacksonville, IL
As of Oct '25, the median home price in Jacksonville, IL is $135,000, with a year-over-year change of 6.5%. This indicates that home prices in Jacksonville, IL are increasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $135,000 | 6.5% |
| Single Family | $134,000 | 6.3% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Jacksonville, IL
As of July '25, Rentcast reports the average rent in Jacksonville, IL is $1,050, with a year-over-year rent change of 64.6%. Per bedroom, the median rent as of July '25 in Jacksonville, IL is 2-bedrooms: $800, 4-bedrooms: $1,300. The most common rental property sizes in Jacksonville, IL are 2-bedroom and 1-bedroom, accounting for 33.6% and 32.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $1,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $800 | $800 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,300 | $1,300 |
% of Rental Stock
Property Listings — Jacksonville, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Jacksonville, IL is 38. This is a decrease of -4.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $169,000 | 19.0% |
Listing Count | 81 | 14.0% |
| Listings as % of Homes | 0.4% | 14.0% |
Days on Market | 38 | -4.0% |
Demographics — Jacksonville, IL
As of the latest ACS Survey released in 2023, Jacksonville, IL has a population of 24,300, which has decreased by -9.1% over the past 5 years. Jacksonville, IL is a moderately popular place for families, as children make up 18.0% of the population. The area has a moderately educated workforce, with 25.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,300 | -9.1% |
% Under 18 | 18.0% | -4.3% |
% Seniors | 20.4% | 7.4% |
% WFH | 9.4% | 235.7% |
% w/ College Degree | 25.6% | 24.3% |
As of the latest ACS Survey released in 2023, Jacksonville, IL is a predominantly white area, with 85.0% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Jacksonville, IL is black, making up 7.0% of the population. Foreign-born residents account for 1.2% of the population in Jacksonville, IL, and this percentage has decreased by 47.8% 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 | 85.0% | -0.5% |
% Black | 7.0% | -20.5% |
% Hispanic | 3.0% | -3.2% |
% Asian | 0.9% | 0.0% |
% Foreign Born | 1.2% | -47.8% |
Mortgage and Risk — Jacksonville, IL
According to HUD data as of 2023, there were 234 mortgage originations in Jacksonville, IL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Jacksonville, IL. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 234 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Jacksonville, IL
Jacksonville, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 742 |
Total Units Section 8 | 339 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 88.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $660 |
| 2 Bedroom | $70 | $800 | $870 |
| 3 Bedroom | N/A | N/A | $1,070 |
| 4 Bedroom | $110 | $1,300 | $1,410 |
Affordability — Jacksonville, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $135,000 |
| Median Household Income | $64,100 |