Mundelein, IL 60060 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Mundelein, IL—60060

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$372,000

5.0% YoY Growth

Household Income

$110,000

18.6% YoY Growth

Days on Market

15.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$2,020

5.8% YoY Growth

1-Bed Rent

$2,000

25.9% YoY Growth

2-Bed Rent

$2,100

14.5% YoY Growth

3-Bed Rent

$2,950

2.4% YoY Growth

Home Price Trends — Mundelein, IL

As of Dec '25, the median home price in Mundelein, IL is $372,000, with a year-over-year change of 5.0%. This indicates that home prices in Mundelein, 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	$372,000	5.0%
Single Family	$387,000	5.4%
Condos	$262,000	6.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Mundelein, IL

As of July '25, Rentcast reports the average rent in Mundelein, IL is $2,190, with a year-over-year rent change of 5.8%. Per bedroom, the median rent as of July '25 in Mundelein, IL is studios: $1,500, 1-bedrooms: $1,850, 2-bedrooms: $2,210, 3-bedrooms: $2,970, 4-bedrooms: $3,270. The most common rental property sizes in Mundelein, IL are 2-bedroom and 3-bedroom, accounting for 47.5% and 23.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,020	$2,190
Studio Rent	$1,430	$1,500
1 Bed Rent	$2,000	$1,850
2 Bed Rent	$2,100	$2,210
3 Bed Rent	$2,950	$2,970
4 Bed Rent	$2,850	$3,270

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% of Rental Stock

Studio

2.8%

1 Bedroom

22.2%

2 Bedrooms

47.5%

3 Bedrooms

23.5%

4 Bedrooms

3.7%

5+ Bedrooms

0.2%

Property Listings — Mundelein, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Mundelein, IL is 38. This is a decrease of -3.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$461,000	0.0%
Listing Count	95	51.0%
Listings as % of Homes	1.0%	51.0%
Days on Market	56	15.0%

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Demographics — Mundelein, IL

As of the latest ACS Survey released in 2023, Mundelein, IL has a population of 37,100, which has remained stable by -0.2% over the past 5 years. Mundelein, IL is a moderately popular place for families, as children make up 22.5% of the population. The area has a moderately educated workforce, with 42.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	37,100	-0.2%
% Under 18	22.5%	-2.2%
% Seniors	15.7%	25.6%
% WFH	16.7%	227.5%
% w/ College Degree	42.9%	-3.6%

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As of the latest ACS Survey released in 2023, Mundelein, IL is a predominantly white area, with 50.1% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Mundelein, IL is hispanic, making up 35.3% of the population. Foreign-born residents account for 27.8% of the population in Mundelein, IL, and this percentage has decreased by 4.8% 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	50.1%	-6.9%
% Black	1.8%	5.9%
% Hispanic	35.3%	10.3%
% Asian	10.0%	-2.0%
% Foreign Born	27.8%	-4.8%

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Mortgage and Risk — Mundelein, IL

According to HUD data as of 2023, there were 582 mortgage originations in Mundelein, IL, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Mundelein, IL. Investor activity is low, as 2.0% 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	582
% Conventional Loans	89.0%
% Government Loans	11.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Mundelein, IL

As of 2024, the percent of homes in Mundelein, IL under the Section 8 program is 5.3%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Mundelein, IL, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	216
Total Units Section 8	195
% Rentals under Section 8	5.3%
% Occupied Section 8	90.4%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$230	$2,000	$1,770
2 Bedroom	-$100	$2,100	$2,000
3 Bedroom	-$380	$2,950	$2,570
4 Bedroom	$170	$2,850	$3,020

Mundelein, IL—60060

Key Metrics at a Glance

Home Price Trends — Mundelein, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mundelein, IL

% of Rental Stock

Property Listings — Mundelein, IL

Demographics — Mundelein, IL

Race and Ethnicity

Mortgage and Risk — Mundelein, IL

Mortgages

Rentals and Section 8 — Mundelein, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Mundelein, IL

Home Price to Income Ratio

Mundelein, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Grayslake, IL

Forest Lake, IL

Vernon Hills, IL

Libertyville, IL

Wauconda, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$372,000
Median Household Income	$110,000

Mundelein, IL—60060

Key Metrics at a Glance

Home Price Trends — Mundelein, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mundelein, IL

% of Rental Stock

Property Listings — Mundelein, IL

Demographics — Mundelein, IL

Race and Ethnicity

Mortgage and Risk — Mundelein, IL

Mortgages

Rentals and Section 8 — Mundelein, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Mundelein, IL

Home Price to Income Ratio

Mundelein, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Grayslake, IL

Forest Lake, IL

Vernon Hills, IL

Libertyville, IL

Wauconda, IL

Frequently Asked Questions

What is the average home price in Mundelein, IL 60060?

How have home prices in Mundelein, IL 60060 changed over the past year?

What is the home price projection for Mundelein, IL 60060?

What are the demographics of Mundelein, IL 60060?

How long does it take homes to sell in Mundelein, IL 60060?

What is the average rent price in Mundelein, IL 60060?