Loami, IL housing market
The typical Loami home is worth about $210,000, up 11.3% in a year, 29% below the Illinois typical home.
Home values, sales, trends and how Loami compares with the towns next door — updated as new data is published.
Loami at a glance
Typical home value, 2017–2026
Show as a table
| January | Loami | Illinois |
|---|---|---|
| 2018 | $127,000 | $190,000 |
| 2019 | $128,000 | $195,000 |
| 2020 | $135,000 | $200,000 |
| 2021 | $143,000 | $215,000 |
| 2022 | $151,000 | $236,000 |
| 2023 | $163,000 | $248,000 |
| 2024 | $184,000 | $263,000 |
| 2025 | $189,000 | $278,000 |
| 2026 | $204,000 | $290,000 |
| August 2026 | $210,000 | $298,000 |
Loami and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Loami | $210K | +11.3% | $1,110 | $73,125 |
| Chatham | $309K | +6.9% | $1,310 | $88,959 |
| New Berlin | $196K | +6.4% | $1,140 | $67,310 |
2.9 years of income
The typical Loami home costs about 2.9 years of the town's median household income, less than across Illinois (3.6 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,110
HUD's Fair Market Rent for a two-bedroom in Loami is $1,110 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Loami pay a median of $889, so moving in tends to cost more than staying put. A two-bedroom takes about 18% of the town's median household income.
Studio $770 · 4 bedrooms $1,570
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (62615, 62661, 62692; Springfield, IL MSA), 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, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.