McHenry, IL 60050 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

McHenry, IL—60050

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$298,000

5.4% YoY Growth

Household Income

$86,300

22.8% YoY Growth

Days on Market

16.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$2,000

3.1% YoY Growth

1-Bed Rent

$1,380

2.1% YoY Growth

2-Bed Rent

$1,860

9.6% YoY Growth

3-Bed Rent

$2,200

5.7% YoY Growth

Home Price Trends — McHenry, IL

As of Dec '25, the median home price in McHenry, IL is $298,000, with a year-over-year change of 5.4%. This indicates that home prices in McHenry, IL are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$298,000	5.4%
Single Family	$313,000	5.4%
Condos	$203,000	8.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — McHenry, IL

As of July '25, Rentcast reports the average rent in McHenry, IL is $2,000, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in McHenry, IL is 1-bedrooms: $1,450, 2-bedrooms: $1,780, 3-bedrooms: $2,170, 4-bedrooms: $2,370. The most common rental property sizes in McHenry, IL are 2-bedroom and 1-bedroom, accounting for 41.7% and 25.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,000	$2,000
Studio Rent	N/A	N/A
1 Bed Rent	$1,380	$1,450
2 Bed Rent	$1,860	$1,780
3 Bed Rent	$2,200	$2,170
4 Bed Rent	$2,500	$2,370

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% of Rental Stock

Studio

8.6%

1 Bedroom

25.4%

2 Bedrooms

41.7%

3 Bedrooms

20.6%

4 Bedrooms

3.8%

Property Listings — McHenry, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in McHenry, IL is 45. This is a increase of 37.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$286,000	-3.0%
Listing Count	63	-4.0%
Listings as % of Homes	0.5%	-4.0%
Days on Market	37	16.0%

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Demographics — McHenry, IL

As of the latest ACS Survey released in 2023, McHenry, IL has a population of 31,900, which has decreased by -2.6% over the past 5 years. McHenry, IL is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 25.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	31,900	-2.6%
% Under 18	20.4%	-8.9%
% Seniors	18.5%	21.7%
% WFH	12.4%	129.6%
% w/ College Degree	25.0%	-1.2%

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As of the latest ACS Survey released in 2023, McHenry, IL is a predominantly white area, with 78.7% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in McHenry, IL is hispanic, making up 16.1% of the population. Foreign-born residents account for 7.7% of the population in McHenry, IL, and this percentage has decreased by 18.1% 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	78.7%	-4.7%
% Black	0.7%	0.0%
% Hispanic	16.1%	13.4%
% Asian	1.7%	21.4%
% Foreign Born	7.7%	-18.1%

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Mortgage and Risk — McHenry, IL

According to HUD data as of 2023, there were 905 mortgage originations in McHenry, IL, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in McHenry, IL. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	905
% Conventional Loans	81.0%
% Government Loans	19.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — McHenry, IL

As of 2024, the percent of homes in McHenry, IL under the Section 8 program is 7.8%. 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 McHenry, IL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	266
Total Units Section 8	258
% Rentals under Section 8	7.8%
% Occupied Section 8	82.4%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$310	$1,380	$1,690
2 Bedroom	$50	$1,860	$1,910
3 Bedroom	$250	$2,200	$2,450
4 Bedroom	$380	$2,500	$2,880

McHenry, IL—60050

Key Metrics at a Glance

Home Price Trends — McHenry, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — McHenry, IL

% of Rental Stock

Property Listings — McHenry, IL

Demographics — McHenry, IL

Race and Ethnicity

Mortgage and Risk — McHenry, IL

Mortgages

Rentals and Section 8 — McHenry, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — McHenry, IL

Home Price to Income Ratio

McHenry, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Crystal Lake, IL

Eastwood Manor, IL

Ringwood, IL

Wonder Lake, IL

Crystal Lake, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$298,000
Median Household Income	$86,300

McHenry, IL—60050

Key Metrics at a Glance

Home Price Trends — McHenry, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — McHenry, IL

% of Rental Stock

Property Listings — McHenry, IL

Demographics — McHenry, IL

Race and Ethnicity

Mortgage and Risk — McHenry, IL

Mortgages

Rentals and Section 8 — McHenry, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — McHenry, IL

Home Price to Income Ratio

McHenry, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Crystal Lake, IL

Eastwood Manor, IL

Ringwood, IL

Wonder Lake, IL

Crystal Lake, IL

Frequently Asked Questions

What is the average home price in McHenry, IL 60050?

How have home prices in McHenry, IL 60050 changed over the past year?

What is the home price projection for McHenry, IL 60050?

What are the demographics of McHenry, IL 60050?

How long does it take homes to sell in McHenry, IL 60050?

What is the average rent price in McHenry, IL 60050?