Des Plaines, IL—60016
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Des Plaines, IL
Home Price Trends — Des Plaines, IL
As of Oct '25, the median home price in Des Plaines, IL is $312,000, with a year-over-year change of 3.1%. This indicates that home prices in Des Plaines, IL are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $312,000 | 3.1% |
| Single Family | $388,000 | 4.6% |
| Condos | $220,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $173,000 | 5.5% |
2 Bed | $257,000 | 4.5% |
3 Bed | $373,000 | 4.8% |
4 Bed | $457,000 | 5.3% |
| 5 Bed | $577,000 | 4.9% |
% of Housing Stock
Rental Trends — Des Plaines, IL
As of July '25, Rentcast reports the average rent in Des Plaines, IL is $2,090, with a year-over-year rent change of 1.5%. Per bedroom, the median rent as of July '25 in Des Plaines, IL is studios: $1,540, 1-bedrooms: $1,560, 2-bedrooms: $2,080, 3-bedrooms: $2,950, 4-bedrooms: $3,300. The most common rental property sizes in Des Plaines, IL are 2-bedroom and 1-bedroom, accounting for 42.4% and 35.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,090 |
| Studio Rent | $1,450 | $1,540 |
| 1 Bed Rent | $1,500 | $1,560 |
| 2 Bed Rent | $1,950 | $2,080 |
| 3 Bed Rent | $2,900 | $2,950 |
| 4 Bed Rent | $3,300 | $3,300 |
% of Rental Stock
Property Listings — Des Plaines, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Des Plaines, IL is 30. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $357,000 | -2.0% |
Listing Count | 163 | -6.0% |
| Listings as % of Homes | 0.5% | -6.0% |
Days on Market | 30 | 0.0% |
Demographics — Des Plaines, IL
As of the latest ACS Survey released in 2023, Des Plaines, IL has a population of 60,500, which has increased by 1.5% over the past 5 years. Des Plaines, IL is a moderately popular place for families, as children make up 21.1% of the population. The area has a moderately educated workforce, with 42.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 60,500 | 1.5% |
% Under 18 | 21.1% | 11.1% |
% Seniors | 19.2% | 12.9% |
% WFH | 12.7% | 176.1% |
% w/ College Degree | 42.7% | 5.4% |
As of the latest ACS Survey released in 2023, Des Plaines, IL is a predominantly white area, with 51.8% of the population identifying as white. The white population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in Des Plaines, IL is asian, making up 22.3% of the population. Foreign-born residents account for 38.2% of the population in Des Plaines, IL, and this percentage has decreased by 5.9% 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 | 51.8% | -7.7% |
% Black | 5.9% | 55.3% |
% Hispanic | 16.7% | 20.1% |
% Asian | 22.3% | -8.6% |
% Foreign Born | 38.2% | -5.9% |
Mortgage and Risk — Des Plaines, IL
According to HUD data as of 2023, there were 754 mortgage originations in Des Plaines, IL, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Des Plaines, IL. Investor activity is low, as 3.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 754 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Des Plaines, IL
As of 2024, the percent of homes in Des Plaines, IL under the Section 8 program is 4.1%. 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 units appear to be good home sizes to consider for Section 8 housing in Des Plaines, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 357 |
Total Units Section 8 | 282 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $1,500 | $1,630 |
| 2 Bedroom | -$110 | $1,950 | $1,840 |
| 3 Bedroom | -$540 | $2,900 | $2,360 |
| 4 Bedroom | -$520 | $3,300 | $2,780 |
Affordability — Des Plaines, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $312,000 |
| Median Household Income | $84,000 |