Crystal Lake, IL—60014
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Crystal Lake, IL
Home Price Trends — Crystal Lake, IL
As of Oct '25, the median home price in Crystal Lake, IL is $352,000, with a year-over-year change of 4.8%. This indicates that home prices in Crystal Lake, IL are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $352,000 | 4.8% |
| Single Family | $367,000 | 4.6% |
| Condos | $216,000 | 6.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $163,000 | 11.6% |
2 Bed | $260,000 | 7.0% |
3 Bed | $327,000 | 4.5% |
4 Bed | $426,000 | 4.2% |
| 5 Bed | $542,000 | 3.8% |
% of Housing Stock
Rental Trends — Crystal Lake, IL
As of July '25, Rentcast reports the average rent in Crystal Lake, IL is $2,210, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Crystal Lake, IL is studios: $1,600, 1-bedrooms: $1,940, 2-bedrooms: $2,470, 3-bedrooms: $2,520, 4-bedrooms: $2,910. The most common rental property sizes in Crystal Lake, IL are 2-bedroom and 1-bedroom, accounting for 45.0% and 21.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,140 | $2,210 |
| Studio Rent | $1,560 | $1,600 |
| 1 Bed Rent | $1,990 | $1,940 |
| 2 Bed Rent | $2,680 | $2,470 |
| 3 Bed Rent | $2,600 | $2,520 |
| 4 Bed Rent | $2,800 | $2,910 |
% of Rental Stock
Property Listings — Crystal Lake, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Crystal Lake, IL is 42. This is a increase of 24.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $428,000 | 6.0% |
Listing Count | 131 | -8.0% |
| Listings as % of Homes | 0.5% | -8.0% |
Days on Market | 42 | 24.0% |
Demographics — Crystal Lake, IL
As of the latest ACS Survey released in 2023, Crystal Lake, IL has a population of 48,400, which has remained stable by -0.1% over the past 5 years. Crystal Lake, IL is a moderately popular place for families, as children make up 24.2% of the population. The area has a moderately educated workforce, with 41.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 48,400 | -0.1% |
% Under 18 | 24.2% | 0.0% |
% Seniors | 15.3% | 17.7% |
% WFH | 14.3% | 146.6% |
% w/ College Degree | 41.7% | 3.2% |
As of the latest ACS Survey released in 2023, Crystal Lake, IL is a predominantly white area, with 80.3% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Crystal Lake, IL is hispanic, making up 12.7% of the population. Foreign-born residents account for 9.7% of the population in Crystal Lake, IL, and this percentage has decreased by 2.0% 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 | 80.3% | -2.3% |
% Black | 0.6% | -53.8% |
% Hispanic | 12.7% | 3.3% |
% Asian | 2.8% | 16.7% |
% Foreign Born | 9.7% | -2.0% |
Mortgage and Risk — Crystal Lake, IL
According to HUD data as of 2023, there were 794 mortgage originations in Crystal Lake, IL, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Crystal Lake, IL. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 794 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Crystal Lake, IL
As of 2024, the percent of homes in Crystal Lake, IL under the Section 8 program is 9.3%. 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. In Crystal Lake, IL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 367 |
Total Units Section 8 | 314 |
% Rentals under Section 8 | 9.3% |
% Occupied Section 8 | 88.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$400 | $1,990 | $1,590 |
| 2 Bedroom | -$890 | $2,680 | $1,790 |
| 3 Bedroom | -$300 | $2,600 | $2,300 |
| 4 Bedroom | -$100 | $2,800 | $2,700 |
Affordability — Crystal Lake, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $352,000 |
| Median Household Income | $105,000 |