Harvard, IL 60033 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Harvard, IL—60033

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$263,000

4.2% YoY Growth

Household Income

$72,300

24.1% YoY Growth

Days on Market

4.0% Longer YoY

Home Price Forecast

1.8%

Median Rent

$2,150

5.7% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$975

36.3% YoY Growth

3-Bed Rent

$2,500

9.7% YoY Growth

Home Price Trends — Harvard, IL

As of Dec '25, the median home price in Harvard, IL is $263,000, with a year-over-year change of 4.2%. This indicates that home prices in Harvard, IL are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$263,000	4.2%
Single Family	$267,000	4.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Harvard, IL

As of July '25, Rentcast reports the average rent in Harvard, IL is $2,040, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in Harvard, IL is studios: $1,010, 2-bedrooms: $975, 3-bedrooms: $2,380, 4-bedrooms: $3,140. The most common rental property sizes in Harvard, IL are 2-bedroom and 3-bedroom, accounting for 31.5% and 30.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,150	$2,040
Studio Rent	$1,010	$1,010
1 Bed Rent	N/A	N/A
2 Bed Rent	$975	$975
3 Bed Rent	$2,500	$2,380
4 Bed Rent	$3,140	$3,140

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% of Rental Stock

Studio

5.7%

1 Bedroom

18.1%

2 Bedrooms

31.5%

3 Bedrooms

30.2%

4 Bedrooms

13.2%

5+ Bedrooms

1.3%

Property Listings — Harvard, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Harvard, IL is 66. This is a decrease of -4.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$334,000	-3.0%
Listing Count	23	6.0%
Listings as % of Homes	0.5%	6.0%
Days on Market	72	4.0%

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Demographics — Harvard, IL

As of the latest ACS Survey released in 2023, Harvard, IL has a population of 13,300, which has decreased by -2.5% over the past 5 years. Harvard, IL is a popular place for families, as children make up 27.0% of the population. The area has a poorly educated workforce, with 20.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	13,300	-2.5%
% Under 18	27.0%	-7.8%
% Seniors	17.2%	22.0%
% WFH	7.0%	40.0%
% w/ College Degree	20.9%	30.6%

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As of the latest ACS Survey released in 2023, Harvard, IL is a predominantly white area, with 56.8% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Harvard, IL is hispanic, making up 40.5% of the population. Foreign-born residents account for 12.4% of the population in Harvard, IL, and this percentage has decreased by 34.0% 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	56.8%	-1.4%
% Black	0.4%	33.3%
% Hispanic	40.5%	-1.2%
% Asian	0.4%	300.0%
% Foreign Born	12.4%	-34.0%

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Mortgage and Risk — Harvard, IL

According to HUD data as of 2023, there were 210 mortgage originations in Harvard, IL, of which 79.0% 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 Harvard, IL. Investor activity is low, as 3.0% 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	210
% Conventional Loans	79.0%
% Government Loans	21.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Harvard, IL

Harvard, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	96
Total Units Section 8	72
% Rentals under Section 8	5.5%
% Occupied Section 8	79.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,280
2 Bedroom	$475	$975	$1,450
3 Bedroom	-$640	$2,500	$1,860
4 Bedroom	-$950	$3,140	$2,190

Harvard, IL—60033

Key Metrics at a Glance

Home Price Trends — Harvard, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Harvard, IL

% of Rental Stock

Property Listings — Harvard, IL

Demographics — Harvard, IL

Race and Ethnicity

Mortgage and Risk — Harvard, IL

Mortgages

Rentals and Section 8 — Harvard, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Harvard, IL

Home Price to Income Ratio

Harvard, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Walworth, WI

Fontana, WI

Capron, IL

Zenda

Sharon, WI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$263,000
Median Household Income	$72,300

Harvard, IL—60033

Key Metrics at a Glance

Home Price Trends — Harvard, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Harvard, IL

% of Rental Stock

Property Listings — Harvard, IL

Demographics — Harvard, IL

Race and Ethnicity

Mortgage and Risk — Harvard, IL

Mortgages

Rentals and Section 8 — Harvard, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Harvard, IL

Home Price to Income Ratio

Harvard, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Walworth, WI

Fontana, WI

Capron, IL

Zenda

Sharon, WI

Frequently Asked Questions

What is the average home price in Harvard, IL 60033?

How have home prices in Harvard, IL 60033 changed over the past year?

What is the home price projection for Harvard, IL 60033?

What are the demographics of Harvard, IL 60033?

How long does it take homes to sell in Harvard, IL 60033?

What is the average rent price in Harvard, IL 60033?