Carrier Mills, IL—62917
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carrier Mills, IL
Carrier Mills, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $72,000 | -12.9% |
| Single Family | $72,000 | -14.3% |
| 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 — Carrier Mills, IL
Carrier Mills, 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 — Carrier Mills, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Carrier Mills, IL is 34. This is a decrease of -51.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $66,100 | 21.0% |
Listing Count | 9 | 18.0% |
| Listings as % of Homes | 0.2% | 18.0% |
Days on Market | 34 | -51.0% |
Demographics — Carrier Mills, IL
As of the latest ACS Survey released in 2023, Carrier Mills, IL has a population of 2,470, which has increased by 8.7% over the past 5 years. Carrier Mills, IL is a moderately popular place for families, as children make up 20.8% of the population. The area has a poorly educated workforce, with 11.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,470 | 8.7% |
% Under 18 | 20.8% | -1.9% |
% Seniors | 21.4% | -11.9% |
% WFH | 0.7% | -66.7% |
% w/ College Degree | 11.3% | 8.7% |
As of the latest ACS Survey released in 2023, Carrier Mills, IL is a predominantly white area, with 76.5% of the population identifying as white. The white population has shrunk by 8.3% in the last 5 years. The second most common race or ethnicity in Carrier Mills, IL is black, making up 13.3% of the population. Foreign-born residents account for 2.0% of the population in Carrier Mills, IL, and this percentage has decreased by 20.0% 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 | 76.5% | -8.3% |
% Black | 13.3% | 46.2% |
% Hispanic | 5.5% | 96.4% |
% Asian | 2.7% | 58.8% |
% Foreign Born | 2.0% | -20.0% |
Mortgage and Risk — Carrier Mills, IL
According to HUD data as of 2023, there were 24 mortgage originations in Carrier Mills, IL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Carrier Mills, IL. Investor activity is low, as 8.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 24 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Carrier Mills, IL
Carrier Mills, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 61 |
Total Units Section 8 | 14 |
% Rentals under Section 8 | 6.6% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $680 |
| 2 Bedroom | N/A | N/A | $890 |
| 3 Bedroom | N/A | N/A | $1,200 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — Carrier Mills, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $72,000 |
| Median Household Income | $50,500 |