Iuka, IL—62849
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Iuka, IL
As of Oct '25, the median home price in Iuka, IL is $166,000, with a year-over-year change of 0.2%. This indicates that home prices in Iuka, IL are flat. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $166,000 | 0.2% |
| Single Family | $166,000 | 1.2% |
| 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 — Iuka, IL
Iuka, 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 — Iuka, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Iuka, IL is 65. This is a decrease of -38.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $75,800 | -56.0% |
Listing Count | 5 | 50.0% |
| Listings as % of Homes | 0.4% | 50.0% |
Days on Market | 65 | -38.0% |
Demographics — Iuka, IL
As of the latest ACS Survey released in 2023, Iuka, IL has a population of 1,900, which has decreased by -9.3% over the past 5 years. Iuka, IL is a popular place for families, as children make up 28.5% of the population. The area has a poorly educated workforce, with 15.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,900 | -9.3% |
% Under 18 | 28.5% | 28.4% |
% Seniors | 17.9% | -3.8% |
% WFH | 2.3% | -50.0% |
% w/ College Degree | 15.2% | 11.8% |
As of the latest ACS Survey released in 2023, Iuka, IL is a predominantly white area, with 91.0% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Iuka, IL is hispanic, making up 3.5% of the population. Foreign-born residents account for 1.6% of the population in Iuka, IL, and this percentage has increased by 45.5% 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 | 91.0% | -6.1% |
% Black | 0.5% | 150.0% |
% Hispanic | 3.5% | 600.0% |
% Asian | 0.8% | 0.0% |
% Foreign Born | 1.6% | 45.5% |
Mortgage and Risk — Iuka, IL
According to HUD data as of 2023, there were 48 mortgage originations in Iuka, IL, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Iuka, IL. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 48 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 0.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Iuka, IL
Iuka, 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 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $730 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,120 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Iuka, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $166,000 |
| Median Household Income | $60,900 |