Carterville, IL—62918
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carterville, IL
As of Oct '25, the median home price in Carterville, IL is $192,000, with a year-over-year change of 4.4%. This indicates that home prices in Carterville, IL are increasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $192,000 | 4.4% |
| Single Family | $193,000 | 3.8% |
| 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 | $210,000 | 6.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Carterville, IL
As of July '25, Rentcast reports the average rent in Carterville, IL is $954, with a year-over-year rent change of -4.6%. Per bedroom, the median rent as of July '25 in Carterville, IL is studios: $1,500, 1-bedrooms: $615, 2-bedrooms: $854, 3-bedrooms: $1,100. The most common rental property sizes in Carterville, IL are 2-bedroom and 3-bedroom, accounting for 52.0% and 37.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $954 |
| Studio Rent | $1,500 | $1,500 |
| 1 Bed Rent | $575 | $615 |
| 2 Bed Rent | $800 | $854 |
| 3 Bed Rent | $950 | $1,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Carterville, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Carterville, IL is 46. This is a increase of 7.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $232,000 | -13.0% |
Listing Count | 56 | 18.0% |
| Listings as % of Homes | 0.5% | 18.0% |
Days on Market | 46 | 7.0% |
Demographics — Carterville, IL
As of the latest ACS Survey released in 2023, Carterville, IL has a population of 10,500, which has increased by 3.6% over the past 5 years. Carterville, IL is a moderately popular place for families, as children make up 23.7% of the population. The area has a moderately educated workforce, with 42.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,500 | 3.6% |
% Under 18 | 23.7% | -6.0% |
% Seniors | 16.4% | 5.8% |
% WFH | 6.6% | 83.3% |
% w/ College Degree | 42.8% | 18.6% |
As of the latest ACS Survey released in 2023, Carterville, IL is a predominantly white area, with 89.0% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Carterville, IL is hispanic, making up 2.8% of the population. Foreign-born residents account for 2.0% of the population in Carterville, IL, and this percentage has increased by 11.1% 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 | 89.0% | 1.3% |
% Black | 2.4% | -40.0% |
% Hispanic | 2.8% | -41.7% |
% Asian | 2.7% | 107.7% |
% Foreign Born | 2.0% | 11.1% |
Mortgage and Risk — Carterville, IL
According to HUD data as of 2023, there were 189 mortgage originations in Carterville, IL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Carterville, IL. Investor activity is low, as 14.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 189 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 14.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Carterville, IL
Carterville, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 141 |
Total Units Section 8 | 25 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | 61.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $305 | $575 | $880 |
| 2 Bedroom | $350 | $800 | $1,150 |
| 3 Bedroom | $630 | $950 | $1,580 |
| 4 Bedroom | N/A | N/A | $1,720 |
Affordability — Carterville, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $192,000 |
| Median Household Income | $71,000 |