Des Plaines, IL—60018
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 $366,000, with a year-over-year change of 3.9%. This indicates that home prices in Des Plaines, IL are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $366,000 | 3.9% |
| Single Family | $375,000 | 4.5% |
| Condos | $200,000 | 7.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $146,000 | 7.4% |
2 Bed | $287,000 | 5.1% |
3 Bed | $360,000 | 4.0% |
4 Bed | $446,000 | 4.9% |
| 5 Bed | $580,000 | 4.1% |
% of Housing Stock
Rental Trends — Des Plaines, IL
As of July '25, Rentcast reports the average rent in Des Plaines, IL is $2,120, with a year-over-year rent change of -10.9%. Per bedroom, the median rent as of July '25 in Des Plaines, IL is studios: $1,650, 1-bedrooms: $1,360, 2-bedrooms: $2,040, 3-bedrooms: $2,830, 4-bedrooms: $2,800. The most common rental property sizes in Des Plaines, IL are 2-bedroom and 1-bedroom, accounting for 40.6% and 28.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $2,120 |
| Studio Rent | $1,740 | $1,650 |
| 1 Bed Rent | $1,300 | $1,360 |
| 2 Bed Rent | $1,500 | $2,040 |
| 3 Bed Rent | $2,700 | $2,830 |
| 4 Bed Rent | $2,800 | $2,800 |
% 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 -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $452,000 | 4.0% |
Listing Count | 51 | -15.0% |
| Listings as % of Homes | 0.5% | -15.0% |
Days on Market | 30 | -14.0% |
Demographics — Des Plaines, IL
As of the latest ACS Survey released in 2023, Des Plaines, IL has a population of 29,300, which has decreased by -3.6% over the past 5 years. Des Plaines, IL is a moderately popular place for families, as children make up 22.0% of the population. The area has a moderately educated workforce, with 26.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,300 | -3.6% |
% Under 18 | 22.0% | -6.4% |
% Seniors | 16.2% | 3.8% |
% WFH | 7.4% | 155.2% |
% w/ College Degree | 26.4% | 3.9% |
As of the latest ACS Survey released in 2023, Des Plaines, IL is a predominantly white area, with 44.7% of the population identifying as white. The white population has shrunk by 11.8% in the last 5 years. The second most common race or ethnicity in Des Plaines, IL is hispanic, making up 43.4% of the population. Foreign-born residents account for 39.0% of the population in Des Plaines, IL, and this percentage has increased by 2.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 44.7% | -11.8% |
% Black | 1.7% | -19.0% |
% Hispanic | 43.4% | 23.6% |
% Asian | 8.7% | -19.4% |
% Foreign Born | 39.0% | 2.6% |
Mortgage and Risk — Des Plaines, IL
According to HUD data as of 2023, there were 325 mortgage originations in Des Plaines, IL, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Des Plaines, IL. Investor activity is low, as 4.0% 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 | 325 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
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 0.4%. 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 Des Plaines, 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 | 14 |
Total Units Section 8 | 14 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $1,300 | $1,300 |
| 2 Bedroom | -$30 | $1,500 | $1,470 |
| 3 Bedroom | -$810 | $2,700 | $1,890 |
| 4 Bedroom | -$580 | $2,800 | $2,220 |
Affordability — Des Plaines, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $366,000 |
| Median Household Income | $85,400 |