61057 — Lee County, Illinois Market Snapshot
Housing market data for zip code 61057 in Lee County, Illinois. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 1 home sold in this ZIP code during the selected period. Statistics may not be representative. See the Lee County county page for broader data.
Market Sales Data
1 sales in 2016
Median Sale Price
$23,297
Days to Sell
98
Homes Sold
1
Inventory
N/A
Conforming Loan Available
Most homebuyers in 61057 can comfortably use conventional financing. The median home price of $23,297 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 98 days on average, 61057 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Conforming Loan Feasibility
Most homebuyers in 61057 can comfortably use conventional financing. The median home price of $23,297 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 61057 are set at the county level.
2026 Loan Limits — Lee County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 61057
To purchase the median home at $23,297 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $328.
Monthly Payment
$328
Income Required
$14,078
Principal & Interest
$144/mo
Down Payment (5%)
$1,165
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 61057.
Estimated Monthly Payment
$294
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