The story of this market
The typical home in Creston, Illinois sells for about $167,400, or $154 per square foot.
Prices are up +74.25% from a year ago, so sellers still have some momentum. Homes take about 86 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $988 a month.
Monthly price momentum
Home values since 2015
+5.4%
IL · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Creston, Illinois
Creston is a small, stable village with a modest housing market and limited inventory. Recent data shows a slight increase in median sold prices, though transaction volume remains very low. The market is characterized by its rural nature and reliance on regional employment centers.
No ARED county foreclosure postings attributed to Creston yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 1 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 4.2% year over year.
Homes spend a median of 42 days on market with 4.5 months of supply — a fast-moving market.
8% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 9.1% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A local community park providing essential green space and outdoor recreation for village residents.
Creston is best suited for families and individuals seeking a quiet, rural village lifestyle with a lower cost of living compared to larger Illinois metros. It appeals to those who prioritize community stability and are comfortable with a longer commute to regional employment centers.
Creston is served by the Creston Community Consolidated School District 161, which provides local primary education. The district is small, reflecting the village's rural character and limited student population.
Transportation is dominated by private vehicle use, with access to regional highway networks. There is no significant public transit infrastructure within the village limits.
Local recreation is centered on community-focused spaces like Creston Park, which provides essential green space for residents. The village's small size limits large-scale commercial entertainment, but it offers a quiet, rural lifestyle with access to regional outdoor amenities in Ogle County.
The rental market is limited in depth, characterized by a small inventory of single-family homes and modest multi-family units. Vacancy pressure is generally low due to the small housing supply, and rent trajectories remain stable in line with regional inflation.
The local economy is primarily residential, with residents commuting to nearby employment hubs in the Rochelle micro-area. The village lacks a large industrial or corporate anchor, functioning as a bedroom community.
Creston maintains a stable, small-village economic profile with limited large-scale industrial development. Growth is primarily driven by its proximity to regional transit corridors and its role as a residential community within Ogle County.
There are no major large-scale commercial or residential developments currently under construction or approved in the village.
Parcels are subject to various special districts, including school districts, fire protection districts, and county-level administrative entities.
The area is subject to standard Midwestern weather risks, including severe thunderstorms and occasional high winds. Flood risk is generally managed through local drainage infrastructure, though specific parcel-level exposure varies.
Property insurance premiums are influenced by regional weather patterns, including wind and storm risks common to Northern Illinois.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 0.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from Census Reporter and US Cities Info profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.