Commercial Real Estate Market in Hoopeston, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 235 off-market properties in Hoopeston, IL.
Market Trends
Hoopeston, IL spans 115.3 square miles in Vermilion County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hoopeston, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Hoopeston, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hoopeston, IL runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Hoopeston, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Hoopeston, IL has 5,731 residents in 2,753 households. Density runs 50 people per square mile. Median household income here is $55,284 and median gross rent $806 a month.
5,731
Population
2,753
Households
2.1
Avg Household Size
43
Median Age
9%
College-Educated
88%
High-School Grad
115.3 sq mi
ZIP Area
50
Density / Sq Mi
$55,284
Median Household Income
$36,363
Median Earnings
$806
Median Rent
$70,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wellington | — | — |
| Rossville | — | — |
| East Lynn | — | — |
| Ambia | — | — |
Frequently Asked Questions
Where does Realmo's Hoopeston market data come from?
Realmo compiles Hoopeston, IL figures from 6 recent recorded sales, 5 active sale listings, 235 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Hoopeston, IL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
