De Soto, IL 62924 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

De Soto, IL—62924

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$107,000

14.0% YoY Growth

Household Income

$57,700

14.8% YoY Growth

Days on Market

79.0% Longer YoY

Home Price Forecast

1.5%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — De Soto, IL

As of Dec '25, the median home price in De Soto, IL is $107,000, with a year-over-year change of 14.0%. This indicates that home prices in De Soto, IL are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$107,000	14.0%
Single Family	$107,000	12.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — De Soto, IL

De Soto, 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

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% of Rental Stock

1 Bedroom

4.8%

2 Bedrooms

61.8%

3 Bedrooms

31.4%

4 Bedrooms

2.0%

Property Listings — De Soto, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in De Soto, IL is 88. This is a increase of 47.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$120,000	-13.0%
Listing Count	14	169.0%
Listings as % of Homes	0.5%	169.0%
Days on Market	75	79.0%

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Demographics — De Soto, IL

As of the latest ACS Survey released in 2023, De Soto, IL has a population of 3,060, which has increased by 3.9% over the past 5 years. De Soto, IL is a popular place for families, as children make up 26.2% of the population. The area has a poorly educated workforce, with 23.0% 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	3,060	3.9%
% Under 18	26.2%	5.6%
% Seniors	15.4%	-5.5%
% WFH	10.3%	232.3%
% w/ College Degree	23.0%	2.7%

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As of the latest ACS Survey released in 2023, De Soto, IL is a predominantly white area, with 93.4% of the population identifying as white. The white population has grown by 3.8% in the last 5 years. The second most common race or ethnicity in De Soto, IL is black, making up 1.6% of the population. Foreign-born residents account for 0.8% of the population in De Soto, IL, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	93.4%	3.8%
% Black	1.6%	77.8%
% Hispanic	0.2%	-96.7%
% Asian	0.4%	33.3%
% Foreign Born	0.8%	0.0%

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Mortgage and Risk — De Soto, IL

According to HUD data as of 2023, there were 40 mortgage originations in De Soto, IL, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 91.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in De Soto, IL. Investor activity is high, as 22.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	40
% Conventional Loans	72.0%
% Government Loans	28.0%
% Investor Loans	22.0%
% Second Loans	0.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — De Soto, IL

De Soto, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	30
Total Units Section 8	12
% Rentals under Section 8	2.9%
% 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	N/A	N/A	$1,080
3 Bedroom	N/A	N/A	$1,420
4 Bedroom	N/A	N/A	$1,460

De Soto, IL—62924

Key Metrics at a Glance

Home Price Trends — De Soto, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — De Soto, IL

% of Rental Stock

Property Listings — De Soto, IL

Demographics — De Soto, IL

Race and Ethnicity

Mortgage and Risk — De Soto, IL

Mortgages

Rentals and Section 8 — De Soto, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — De Soto, IL

Home Price to Income Ratio

De Soto, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Hurst

Elkville, IL

Carbondale, IL

Cambria

Carterville, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.5
Median Home Price	$107,000
Median Household Income	$57,700

De Soto, IL—62924

Key Metrics at a Glance

Home Price Trends — De Soto, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — De Soto, IL

% of Rental Stock

Property Listings — De Soto, IL

Demographics — De Soto, IL

Race and Ethnicity

Mortgage and Risk — De Soto, IL

Mortgages

Rentals and Section 8 — De Soto, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — De Soto, IL

Home Price to Income Ratio

De Soto, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Hurst

Elkville, IL

Carbondale, IL

Cambria

Carterville, IL

Frequently Asked Questions

What is the average home price in De Soto, IL 62924?

How have home prices in De Soto, IL 62924 changed over the past year?

What is the home price projection for De Soto, IL 62924?

What are the demographics of De Soto, IL 62924?

How long does it take homes to sell in De Soto, IL 62924?

What is the average rent price in De Soto, IL 62924?