12 homes sold in Loran Township in the last year, at a typical $180K
Redfin reports Loran Township’s sales by ZIP code, so these figures are for ZIP 61062, which takes in Loran Township and the area around it. Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, and a shortcut to every site where Loran Township homes are listed.
Every place Loran Township homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Loran Township.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 100% of Loran Township’s sales, at a typical $180K
12 homes sold in the year to May 2026.
typical sale · 12 sold in 12 months
- Per square foot
- $100IL $180
- Days to sell
- 58
- Sold over asking
- 11%
About as many homes sell as usual, at 1.4 times the 2016 price
12 sales in the last year, against 20 in 2019 and a low of 8 in 2023. The typical sale went from $131K in 2016 to $180K.
Source: Redfin Data Center, MLS sales; for ZIP 61062, which takes in Loran Township and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales.
What $200K buys in Loran Township
Check a listing against what Loran Township homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Owning the typical Loran Township home costs about $1,286 a month
Price: Loran Township’s typical sale, last 12 months. Property tax at Loran Township’s 2.3% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Loran Township is affordable on local pay is on Cost of living.
Five things worth knowing
Property tax, a year
Of a home’s value: the median bill over the median home value. On a $180K home, about $4,160 a year.
Taxes vs. neighborsSchools
The schools grade for Loran Township, from test results, graduation and how much students grow.
Schools in Loran TownshipTypical commute
The average one-way trip to work for people who live in Loran Township.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Post your home to Loran Township, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Loran Township. People who follow the town see it, and so do people comparing Loran Township with their own town. No commission, no listing fee.
Questions about buying a home in Loran Township
What do homes sell for in Loran Township, IL?
12 homes sold in the year to May 2026 at a typical $180K, $100 a square foot.
How much are property taxes in Loran Township?
About 2.3% of a home’s value a year. On a $180K home that’s near $4,160.
Where can I see homes for sale in Loran Township?
Zillow, Redfin, Realtor.com and Homes.com all carry Loran Township’s MLS listings; the search links above open each one filtered to Loran Township.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 61062, which takes in Loran Township and the area around it (each month is a 3-month rolling window, its counts divided by 3)). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).