61088 — Winnebago County, Illinois Market Snapshot
Housing market data for zip code 61088 in Winnebago County, Illinois. Updated monthly with median prices, days on market, and more.
Market Sales Data
16 sales in 2026 (year to date)
Median Sale Price
$254,250
Days to Sell
16
Homes Sold
16
Inventory
5
Sale-to-List
100.2%
New Listings
11
Price/SqFt
$142
Pending Sales
13
Conforming Loan Available
Most homebuyers in 61088 can comfortably use conventional financing. The median home price of $254,250 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
Homes in 61088 are moving quickly at 16 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 61088 (100.2% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 61088 can comfortably use conventional financing. The median home price of $254,250 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 61088 are set at the county level.
2026 Loan Limits — Winnebago 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 61088
To purchase the median home at $254,250 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,098.
Monthly Payment
$2,098
Income Required
$89,914
Principal & Interest
$1,567/mo
Down Payment (5%)
$12,713
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 61088.
Estimated Monthly Payment
$1,724
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