Hamel, IL housing market
The median sale price was $318,000 in May 2026.
Home values, sales, trends and how Hamel compares with the towns next door — updated as new data is published.
Hamel at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
No new homes permitted in 2012
No permits for new homes were issued in Hamel in 2012. The last year with any was 2011 (1 new home).
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2012 | 0 | 0 | 0 | — |
| 2011 | 1 | 1 | 0 | $175,000 |
| 2010 | 4 | 4 | 0 | $553,000 |
| 2009 | 1 | 1 | 0 | $180,000 |
| 2008 | 1 | 1 | 0 | $125,000 |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 8 | 8 | 0 | $1.4 million |
| 2004 | 40 | 40 | 0 | $6.6 million |
| 2003 | 37 | 37 | 0 | $5.1 million |
| 2002 | 4 | 4 | 0 | $595,000 |
| 2001 | 4 | 4 | 0 | $545,000 |
| 2000 | 6 | 6 | 0 | $713,000 |
Hamel's permit office didn't report to the Census in 2012, so the 2012 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
2.3 years of income
The typical Hamel home costs about 2.3 years of the town's median household income, less than across Illinois (3.6 years).
How Hamel ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,090
HUD's Fair Market Rent for a two-bedroom in Hamel is $1,090 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Hamel pay a median of $954, so moving in tends to cost more than staying put. A two-bedroom takes about 12% of the town's median household income.
Studio $860 · 4 bedrooms $1,630
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (62046, 62097; St. Louis, MO-IL HUD Metro FMR Area), 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, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.