Glencoe, IL—60022
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Glencoe, IL
As of Oct '25, the median home price in Glencoe, IL is $1,446,000, with a year-over-year change of 6.9%. This indicates that home prices in Glencoe, IL are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,446,000 | 6.9% |
| Single Family | $1,496,000 | 6.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $363,000 | 5.8% |
3 Bed | $887,000 | 7.1% |
4 Bed | $1,281,000 | 7.0% |
| 5 Bed | $1,953,000 | 5.9% |
% of Housing Stock
Rental Trends — Glencoe, IL
As of July '25, Rentcast reports the average rent in Glencoe, IL is $2,620, with a year-over-year rent change of -27.8%. Per bedroom, the median rent as of July '25 in Glencoe, IL is studios: $1,680, 1-bedrooms: $2,070, 2-bedrooms: $1,900, 3-bedrooms: $4,840, 4-bedrooms: $7,100. The most common rental property sizes in Glencoe, IL are 3-bedroom and 4-bedroom, accounting for 48.6% and 25.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $2,620 |
| Studio Rent | $1,650 | $1,680 |
| 1 Bed Rent | $1,900 | $2,070 |
| 2 Bed Rent | $1,800 | $1,900 |
| 3 Bed Rent | $3,600 | $4,840 |
| 4 Bed Rent | $7,000 | $7,100 |
% of Rental Stock
Property Listings — Glencoe, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Glencoe, IL is 44. This is a increase of 11.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,410,000 | 3.0% |
Listing Count | 39 | 8.0% |
| Listings as % of Homes | 0.9% | 8.0% |
Days on Market | 44 | 11.0% |
Demographics — Glencoe, IL
As of the latest ACS Survey released in 2023, Glencoe, IL has a population of 8,420, which has remained stable by -0.7% over the past 5 years. Glencoe, IL is a popular place for families, as children make up 27.9% of the population. The area has a highly educated workforce, with 88.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,420 | -0.7% |
% Under 18 | 27.9% | -4.5% |
% Seniors | 20.6% | 20.5% |
% WFH | 27.7% | 125.2% |
% w/ College Degree | 88.2% | 2.8% |
As of the latest ACS Survey released in 2023, Glencoe, IL is a predominantly white area, with 92.8% of the population identifying as white. The white population has grown by 4.2% in the last 5 years. The second most common race or ethnicity in Glencoe, IL is black, making up 2.0% of the population. Foreign-born residents account for 5.5% of the population in Glencoe, IL, and this percentage has decreased by 48.1% 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 | 92.8% | 4.2% |
% Black | 2.0% | 5.3% |
% Hispanic | 2.0% | -63.0% |
% Asian | 1.8% | -51.4% |
% Foreign Born | 5.5% | -48.1% |
Mortgage and Risk — Glencoe, IL
According to HUD data as of 2023, there were 136 mortgage originations in Glencoe, IL, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Glencoe, IL. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 136 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Glencoe, IL
As of 2024, the percent of homes in Glencoe, 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Glencoe, IL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $280 | $1,900 | $2,180 |
| 2 Bedroom | $660 | $1,800 | $2,460 |
| 3 Bedroom | -$440 | $3,600 | $3,160 |
| 4 Bedroom | -$3,280 | $7,000 | $3,720 |
Affordability — Glencoe, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $1,446,000 |
| Median Household Income | $250,000 |