61705 — McLean County, Illinois Market Snapshot
Housing market data for zip code 61705 in McLean County, Illinois. Updated monthly with median prices, days on market, and more.
Market Sales Data
60 sales in 2026 (year to date)
Median Sale Price
$426,500
Days to Sell
53
Homes Sold
60
Inventory
55
Sale-to-List
100.3%
New Listings
84
Price/SqFt
$128
Pending Sales
86
Conforming Loan Available
Most homebuyers in 61705 can comfortably use conventional financing. The median home price of $426,500 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
61705's market is balanced with homes taking an average of 53 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 61705 (100.3% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 61705 can comfortably use conventional financing. The median home price of $426,500 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 61705 are set at the county level.
2026 Loan Limits — McLean 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 61705
To purchase the median home at $426,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,418.
Monthly Payment
$3,418
Income Required
$146,473
Principal & Interest
$2,628/mo
Down Payment (5%)
$21,325
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 61705.
Estimated Monthly Payment
$2,790
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