Housing in Loraine, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — October 2025Median Sale Price
$165,000
Median List Price
$50,000
Price Per Sq Ft
$78
Days on Market
80
Active Inventory
2
Months of Supply
2.0
Seller's market
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
97.1%
Buyer's market
Market Activity
Source: RedfinHomes Sold
1
New Listings
1
Pending Sales
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$78
Median List $/SF
$47
Loraine vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Loraine is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$88,100
Median Rent
$629
Total Housing Units
189
Vacancy Rate
7.9%
Owner Occupied
84.5%
Renter Occupied
15.5%
Median Property Tax
$893
per year
Monthly Cost (w/ Mortgage)
$470
Housing Types
The current median sale price in Loraine, IL is $165,000 according to Redfin data. Homes spend a median of 80 days on the market. 0.0% of homes sold above asking price. The market has 2.0 months of supply. The median price per square foot is $78. The median rent is $629 per month (Census ACS). About 84.5% of housing units are owner-occupied. The median year homes were built is 1953. There are 189 total housing units.