McHenry, IL—60050
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — McHenry, IL
As of Oct '25, the median home price in McHenry, IL is $299,000, 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 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $299,000 | 5.4% |
| Single Family | $314,000 | 5.4% |
| Condos | $205,000 | 8.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $236,000 | 7.8% |
3 Bed | $307,000 | 5.5% |
4 Bed | $392,000 | 4.8% |
| 5 Bed | $454,000 | 4.4% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — McHenry, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in McHenry, IL is 25. This is a increase of 16.0% 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 | $300,000 | -7.0% |
Listing Count | 100 | 13.0% |
| Listings as % of Homes | 0.5% | 13.0% |
Days on Market | 25 | 16.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — McHenry, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $299,000 |
| Median Household Income | $86,300 |