Cary, IL—60013
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cary, IL
As of Oct '25, the median home price in Cary, IL is $362,000, with a year-over-year change of 4.8%. This indicates that home prices in Cary, IL are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $362,000 | 4.8% |
| Single Family | $371,000 | 4.8% |
| Condos | $267,000 | 6.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $270,000 | 5.1% |
3 Bed | $333,000 | 4.7% |
4 Bed | $451,000 | 3.9% |
| 5 Bed | $538,000 | 2.9% |
% of Housing Stock
Rental Trends — Cary, IL
As of July '25, Rentcast reports the average rent in Cary, IL is $2,180, with a year-over-year rent change of -13.8%. Per bedroom, the median rent as of July '25 in Cary, IL is 1-bedrooms: $1,520, 2-bedrooms: $2,090, 3-bedrooms: $2,270, 4-bedrooms: $3,800. The most common rental property sizes in Cary, IL are 2-bedroom and 3-bedroom, accounting for 48.2% and 25.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,180 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,550 | $1,520 |
| 2 Bed Rent | $2,200 | $2,090 |
| 3 Bed Rent | $2,300 | $2,270 |
| 4 Bed Rent | $3,800 | $3,800 |
% of Rental Stock
Property Listings — Cary, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Cary, IL is 37. This is a increase of 21.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $420,000 | 1.0% |
Listing Count | 72 | 23.0% |
| Listings as % of Homes | 0.5% | 23.0% |
Days on Market | 37 | 21.0% |
Demographics — Cary, IL
As of the latest ACS Survey released in 2023, Cary, IL has a population of 26,500, which has increased by 2.6% over the past 5 years. Cary, IL is a moderately popular place for families, as children make up 23.1% of the population. The area has a moderately educated workforce, with 44.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,500 | 2.6% |
% Under 18 | 23.1% | -0.9% |
% Seniors | 14.0% | 27.3% |
% WFH | 16.7% | 128.8% |
% w/ College Degree | 44.2% | 6.2% |
As of the latest ACS Survey released in 2023, Cary, IL is a predominantly white area, with 80.4% of the population identifying as white. The white population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Cary, IL is hispanic, making up 13.7% of the population. Foreign-born residents account for 7.4% of the population in Cary, IL, and this percentage has decreased by 10.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.4% | -5.7% |
% Black | 0.8% | -38.5% |
% Hispanic | 13.7% | 57.5% |
% Asian | 1.1% | -62.1% |
% Foreign Born | 7.4% | -10.8% |
Mortgage and Risk — Cary, IL
According to HUD data as of 2023, there were 618 mortgage originations in Cary, IL, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Cary, IL. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 618 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Cary, IL
As of 2024, the percent of homes in Cary, IL under the Section 8 program is 5.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Cary, IL, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 63 |
Total Units Section 8 | 63 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $1,550 | $1,710 |
| 2 Bedroom | -$270 | $2,200 | $1,930 |
| 3 Bedroom | $180 | $2,300 | $2,480 |
| 4 Bedroom | -$890 | $3,800 | $2,910 |
Affordability — Cary, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $362,000 |
| Median Household Income | $116,000 |