Loami, IL—62661
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Loami, IL
As of Oct '25, the median home price in Loami, IL is $197,000, with a year-over-year change of 3.6%. This indicates that home prices in Loami, IL are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $197,000 | 3.6% |
| Single Family | $197,000 | 5.3% |
| 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 — Loami, IL
As of July '25, Rentcast reports the average rent in Loami, IL is $895, with a year-over-year rent change of -22.2%. Per bedroom, the median rent as of July '25 in Loami, IL is 2-bedrooms: $895. The most common rental property sizes in Loami, IL are 2-bedroom and 4-bedroom, accounting for 63.4% and 22.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $895 | $895 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $895 | $895 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Loami, IL
Loami, IL lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $152,000 | N/A |
Listing Count | 2 | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | 95 | N/A |
Demographics — Loami, IL
As of the latest ACS Survey released in 2023, Loami, IL has a population of 1,360, which has decreased by -11.5% over the past 5 years. Loami, IL is a popular place for families, as children make up 30.1% of the population. The area has a moderately educated workforce, with 37.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,360 | -11.5% |
% Under 18 | 30.1% | 44.0% |
% Seniors | 13.9% | 5.3% |
% WFH | 10.3% | 53.7% |
% w/ College Degree | 37.1% | 97.3% |
As of the latest ACS Survey released in 2023, Loami, IL is a predominantly white area, with 92.7% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Loami, IL is hispanic, making up 3.9% of the population. Foreign-born residents account for 0.6% of the population in Loami, IL, and this percentage has decreased by 25.0% 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 | 92.7% | -1.7% |
% Black | 0.4% | -42.9% |
% Hispanic | 3.9% | 5.4% |
% Asian | 1.3% | 116.7% |
% Foreign Born | 0.6% | -25.0% |
Mortgage and Risk — Loami, IL
Loami, 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 |
Loan Activity
No data available
Rentals and Section 8 — Loami, IL
Loami, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $850 |
| 2 Bedroom | $155 | $895 | $1,050 |
| 3 Bedroom | N/A | N/A | $1,420 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Loami, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $197,000 |
| Median Household Income | $68,500 |