Virden, IL—62690
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Virden, IL
As of Oct '25, the median home price in Virden, IL is $116,000, with a year-over-year change of -1.0%. This indicates that home prices in Virden, IL are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $116,000 | -1.0% |
| Single Family | $116,000 | -0.9% |
| 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 — Virden, IL
Virden, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 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 — Virden, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Virden, IL is 35. This is a increase of 19.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $182,000 | 3.0% |
Listing Count | 11 | -3.0% |
| Listings as % of Homes | 0.6% | -3.0% |
Days on Market | 35 | 19.0% |
Demographics — Virden, IL
As of the latest ACS Survey released in 2023, Virden, IL has a population of 3,880, which has decreased by -2.8% over the past 5 years. Virden, IL is a moderately popular place for families, as children make up 20.6% of the population. The area has a poorly educated workforce, with 12.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,880 | -2.8% |
% Under 18 | 20.6% | -17.9% |
% Seniors | 16.8% | 7.0% |
% WFH | 11.2% | 250.0% |
% w/ College Degree | 12.7% | -38.3% |
As of the latest ACS Survey released in 2023, Virden, IL is a predominantly white area, with 98.5% of the population identifying as white. The white population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Virden, IL is hispanic, making up 0.3% of the population. Foreign-born residents account for 0.9% of the population in Virden, IL, and this percentage has increased by 125.0% 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 | 98.5% | -0.3% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.3% | -50.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.9% | 125.0% |
Mortgage and Risk — Virden, IL
According to HUD data as of 2023, there were 56 mortgage originations in Virden, IL, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Virden, IL. Investor activity is low, as 14.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 56 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 14.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Virden, IL
Virden, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | N/A | N/A | $970 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,400 |
Affordability — Virden, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.4 |
| Median Home Price | $116,000 |
| Median Household Income | $82,600 |