Erin, IL housing market
Home prices around Erin have risen about 53% over the past 5 years.
Home values, sales, trends and how Erin compares with the towns next door — updated as new data is published.
Home prices up 53% in 5 years
The federal house price index for the ZIP codes around Erin rose 53% over the past 5 years, faster than across Illinois (47%). Last year prices rose 11%.
Show as a table
| Year | Change that year | Since 2000 | Illinois since 2000 |
|---|---|---|---|
| 2025 | +11% | +88% | +96% |
| 2024 | +7.9% | +69% | +85% |
| 2023 | −8.1% | +57% | +73% |
| 2022 | +32% | +71% | +61% |
| 2021 | +5.9% | +29% | +44% |
| 2020 | +9.5% | +22% | +33% |
| 2019 | −2.5% | +12% | +32% |
| 2018 | +3.4% | +14% | +28% |
| 2017 | −2.5% | +11% | +25% |
| 2016 | +9.9% | +13% | +22% |
| 2015 | −2.2% | +3.2% | +19% |
| 2014 | +0.8% | +5.5% | +15% |
| 2013 | −2.6% | +4.7% | +11% |
| 2012 | −1.5% | +7.5% | +11% |
| 2011 | −4.7% | +9.1% | +14% |
| 2010 | −2.4% | +15% | +21% |
| 2009 | −2.1% | +17% | +29% |
| 2008 | +0.4% | +20% | +40% |
| 2007 | +1.8% | +19% | +45% |
| 2006 | +9.4% | +17% | +43% |
| 2005 | +0.4% | +7.2% | +35% |
| 2004 | +3.1% | +6.7% | +24% |
| 2003 | +1.4% | +3.5% | +15% |
| 2002 | +1.2% | +2% | +11% |
| 2001 | +0.8% | +0.8% | +5.6% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 61048, 61062, 61032, 61027, covering 71% of Erin’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Erin and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Erin | — | +10.9%† | $920 | — | $84,688 |
| Harlem | — | +11.4%† | $920 | — | $95,000 |
| Lena | $213K | +10.1% | $920 | 0 | $72,663 |
| Waddams | — | +10.9%† | $930 | — | $90,833 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $920
HUD's Fair Market Rent for a two-bedroom in Erin is $920 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $690 · 4 bedrooms $1,340
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (61027, 61032, 61048, 61062; Jo Daviess County, IL), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.