Loraine Real Estate Market Conditions

  • Median sales price

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  • # Active listings

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    30-day change

Loraine Schools and Demographics

Education near Loraine, IL

City County
High School Graduates 84.04 91.7
College Degree - 2 year 5.63 8.61
College Degree - 4 year 10.33 23.36
Graduate Degree 3.76 6.73
Expenditures per Student 10,321 9,846
Students per Teacher 13.3 15.6

Elementary Schools near Loraine, IL

Grades Students P/T Ratio ZIP
Central Elementary Grade School PK - 02 191 11.2 62320
Greenfield Elementary School 02 - 04 143 17.9 62376
Mendon Elementary School KG - 01 86 9.6 62351
Southeastern Elementary School PK - 06 284 12.8 62316

Middle Schools near Loraine, IL

Grades Students P/T Ratio ZIP
Central Junior High School 05 - 08 238 12.7 62320
Unity Middle School 05 - 08 214 14.3 62351

High Schools near Loraine, IL

Grades Students P/T Ratio ZIP
Central High School 09 - 12 275 13.6 62320
Unity High School 09 - 12 231 11.6 62351

Demographics near Loraine, IL

City County
Neighborhood Type Rural
Population 301 66,787
Population Density 357 78
Median Age 41.3 41.5
People per Household 2.5 2.4
Median Household Income 50,357 48,454
Average Income per Capita 22,141 27,256

Loraine Real Estate

The median home value in Loraine, IL is $71,000. This is lower than the county median home value of $109,100. The national median home value is $219,700. The average price of homes sold in Loraine, IL is $71,000. Approximately 68.38% of Loraine homes are owned, compared to 19.85% rented, while 11.77% are vacant. Loraine real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Loraine real estate agent to arrange a tour today!

Loraine, Illinois has a population of 301. Loraine is more family-centric than the surrounding county with 45.59% of the households containing married families with children. The county average for households married with children is 28.35%.

The median household income in Loraine, Illinois is $50,357. The median household income for the surrounding county is $48,454 compared to the national median of $57,652. The median age of people living in Loraine is 41.3 years.

Loraine Weather

The average high temperature in July is 86.1 degrees, with an average low temperature in January of 17.4 degrees. The average rainfall is approximately 39 inches per year, with 18.2 inches of snow per year.