Loraine, IL
Full City Profile · Illinois · Hancock County County
3.4
/5.0
B
Good
407
Population
485/sq mi density
$56,855
Median Income
$28,798 per capita
$88,100
Home Value
$199,601 Zillow
$629
Median Rent
22.7% income on rent
53°F
Avg Temperature
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$56,855 median income, 5.7% unemployment
A+
Affordability
5.0 / 5.0
$88,100 home value, $629/mo rent
D
Education
1.6 / 5.0
6.9% bachelor's degree or higher
Housing Overview
Median Home Value
$88,100
69% below
US avg: $281,900
Median Rent
$629/mo
46% below
US avg: $1,163/mo
Homeownership Rate
84.5%
29% above US avg (65.4%)
Total Housing Units
179
Median year built: 1950
Home Value by Source
Census Median
$88,100
Zillow (ZHVI)
$199,601
Redfin Median Sale
$47,500
Median Sale Price
$47,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
84.5%
Owner-Occupied
15.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$629/mo
Market Indicators (Redfin)
Median Sale Price
$47,500
Median Days on Market
102 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$45
Affordability & Housing Stock
Rent Burden
22.7%
of renters spending 30%+ of income on housing
27% below US avg (31.0%)
Median Year Built
1950
Average age of housing stock: 76 years
Homeownership Rate
84.5%
Complete Housing Data
Home Values
| Census Median Value | $88,100 |
| Zillow Home Value (ZHVI) | $199,601 |
| Redfin Median Sale | $47,500 |
| Median Sale Price | $47,500 |
| Price Per Sq Ft | $45 |
Rent
| Census Median Rent | $629 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
| Days on Market | 102 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 1 |
| Price Per Sq Ft | $45 |
Ownership & Stock
| Owner-Occupied | 84.5% |
| Renter-Occupied | 15.5% |
| Homeownership Rate | 84.5% |
| Total Housing Units | 179 |
| Median Year Built | 1950 |
| Rent Burden | 22.7% |