Pittsburg, IL—62974
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pittsburg, IL
As of Oct '25, the median home price in Pittsburg, IL is $152,000, with a year-over-year change of 0.9%. This indicates that home prices in Pittsburg, IL are flat. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $152,000 | 0.9% |
| Single Family | $152,000 | 0.0% |
| 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 — Pittsburg, IL
Pittsburg, 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 — Pittsburg, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Pittsburg, IL is 24. This is a decrease of -56.0% 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 133.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $111,000 | -55.0% |
Listing Count | 3 | -50.0% |
| Listings as % of Homes | 0.4% | -50.0% |
Days on Market | 24 | -56.0% |
Demographics — Pittsburg, IL
As of the latest ACS Survey released in 2023, Pittsburg, IL has a population of 1,650, which has increased by 1.4% over the past 5 years. Pittsburg, IL is a popular place for families, as children make up 26.5% of the population. The area has a moderately educated workforce, with 25.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,650 | 1.4% |
% Under 18 | 26.5% | 6.9% |
% Seniors | 17.0% | 14.9% |
% WFH | 6.7% | 48.9% |
% w/ College Degree | 25.4% | 137.4% |
As of the latest ACS Survey released in 2023, Pittsburg, IL is a predominantly white area, with 96.8% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Pittsburg, IL is hispanic, making up 0.9% of the population. Foreign-born residents account for 1.3% of the population in Pittsburg, IL, and this percentage has increased by 1200.0% 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 | 96.8% | -2.6% |
% Black | 0.0% | N/A |
% Hispanic | 0.9% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.3% | 1,200.0% |
Mortgage and Risk — Pittsburg, IL
According to HUD data as of 2023, there were 36 mortgage originations in Pittsburg, IL, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Pittsburg, IL. Investor activity is low, as 6.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 36 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 6.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Pittsburg, IL
Pittsburg, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | $850 |
| 2 Bedroom | N/A | N/A | $1,120 |
| 3 Bedroom | N/A | N/A | $1,540 |
| 4 Bedroom | N/A | N/A | $1,670 |
Affordability — Pittsburg, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $152,000 |
| Median Household Income | $73,600 |