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  4. /Jacksonville, IL - 62650

Jacksonville, IL—62650

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$145,000
6.0% YoY Growth
Household Income
$64,100
37.5% YoY Growth
Days on Market
40
2.0% Shorter YoY
Home Price Forecast
-0.2%
Median Rent
$800
64.6% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$800
25.4% YoY Growth
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Jacksonville, IL

As of May '26, the median home price in Jacksonville, IL is $145,000, with a year-over-year change of 6.0%. This indicates that home prices in Jacksonville, IL are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$145,0006.0%
Single Family $144,0005.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.7%
    1 Bedroom
    12.0%
    2 Bedrooms
    31.4%
    3 Bedrooms
    38.9%
    4 Bedrooms
    12.2%
    5+ Bedrooms
    3.9%

    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.

    TypeMedian RentAverage Rent
    Average Rent$800$1,050
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $800$800
    3 Bed Rent N/AN/A
    4 Bed Rent $1,300$1,300
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    % of Rental Stock

    Studio
    2.7%
    1 Bedroom
    32.6%
    2 Bedrooms
    33.6%
    3 Bedrooms
    22.6%
    4 Bedrooms
    5.6%
    5+ Bedrooms
    2.8%

    Property Listings — Jacksonville, IL

    As of May '26, Realtor.com reports that the median days on market for a home in Jacksonville, IL is 40. This is a decrease of -2.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$175,000-15.0%
    Listing Count
    		7020.0%
    Listings as % of Homes0.4%20.0%
    Days on Market
    		40-2.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % 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%
    Loading chart...

    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$660
    2 Bedroom$70$800$870
    3 BedroomN/AN/A$1,070
    4 Bedroom$110$1,300$1,410

    Affordability — Jacksonville, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio1.9
    Median Home Price$145,000
    Median Household Income$64,100

    Jacksonville, IL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Woodson

    62695

    Murrayville, IL

    62668

    Concord, IL

    62631

    Alexander, IL

    62601

    Chapin, IL

    62628

    Frequently Asked Questions