Nelson, IL housing market
Home prices around Nelson have risen about 50% over the past 5 years.
Home values, sales, trends and how Nelson compares with the towns next door — updated as new data is published.
Home prices up 50% in 5 years
The federal house price index for the ZIP codes around Nelson rose 50% over the past 5 years, about the same as across Illinois. Last year prices rose 9%.
Show as a table
| Year | Change that year | Since 2000 | Illinois since 2000 |
|---|---|---|---|
| 2025 | +9% | +92% | +96% |
| 2024 | +4.8% | +76% | +85% |
| 2023 | +9.2% | +68% | +73% |
| 2022 | +12% | +54% | +61% |
| 2021 | +6.8% | +37% | +44% |
| 2020 | +2.4% | +28% | +33% |
| 2019 | +3.3% | +25% | +32% |
| 2018 | +1.9% | +21% | +28% |
| 2017 | +1.3% | +19% | +25% |
| 2016 | +2.1% | +17% | +22% |
| 2015 | +2% | +15% | +19% |
| 2014 | −1.8% | +13% | +15% |
| 2013 | −0.3% | +15% | +11% |
| 2012 | −2.3% | +15% | +11% |
| 2011 | −1.8% | +18% | +14% |
| 2010 | −1.8% | +20% | +21% |
| 2009 | −1% | +22% | +29% |
| 2008 | −0.5% | +23% | +40% |
| 2007 | +2.9% | +24% | +45% |
| 2006 | +6% | +20% | +43% |
| 2005 | +6.1% | +14% | +35% |
| 2004 | +3.5% | +7.1% | +24% |
| 2003 | +1% | +3.5% | +15% |
| 2002 | +0.2% | +2.4% | +11% |
| 2001 | +2.2% | +2.2% | +5.6% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 61021, 61042, 61071, covering 80% of Nelson’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.
Nelson and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Nelson | — | +9%† | $920 | $77,813 |
| Palmyra | — | +9.3%† | $920 | $93,689 |
| South Dixon | — | +10.2%† | $920 | $55,938 |
| Coloma | — | +3.6%† | $940 | $52,152 |
| Harmon | $219K | +6.4% | $920 | $70,625 |
† 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 Nelson is $920 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Nelson pay a median of $1,098.
Studio $650 · 4 bedrooms $1,370
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (61021, 61042, 61071; Lee 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.