Winthrop Harbor, IL—60096
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Winthrop Harbor, IL
As of Oct '25, the median home price in Winthrop Harbor, IL is $283,000, with a year-over-year change of 9.4%. This indicates that home prices in Winthrop Harbor, IL are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $283,000 | 9.4% |
| Single Family | $283,000 | 11.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $199,000 | 3.1% |
3 Bed | $282,000 | 6.0% |
4 Bed | $360,000 | 5.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Winthrop Harbor, IL
As of July '25, Rentcast reports the average rent in Winthrop Harbor, IL is $2,390, with a year-over-year rent change of 57.2%. Per bedroom, the median rent as of July '25 in Winthrop Harbor, IL is 2-bedrooms: $1,400, 3-bedrooms: $2,480, 4-bedrooms: $2,200. The most common rental property sizes in Winthrop Harbor, IL are 2-bedroom and 4-bedroom, accounting for 60.6% and 13.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,390 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | $2,480 | $2,480 |
| 4 Bed Rent | $2,200 | $2,200 |
% of Rental Stock
Property Listings — Winthrop Harbor, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Winthrop Harbor, IL is 40. This is a decrease of -9.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $370,000 | 14.0% |
Listing Count | 24 | 72.0% |
| Listings as % of Homes | 0.9% | 72.0% |
Days on Market | 40 | -9.0% |
Demographics — Winthrop Harbor, IL
As of the latest ACS Survey released in 2023, Winthrop Harbor, IL has a population of 6,630, which has decreased by -2.6% over the past 5 years. Winthrop Harbor, IL is a less popular place for families, as children make up 13.5% of the population. The area has a poorly educated workforce, with 21.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,630 | -2.6% |
% Under 18 | 13.5% | -26.2% |
% Seniors | 20.4% | 22.2% |
% WFH | 8.8% | 104.7% |
% w/ College Degree | 21.5% | -29.5% |
As of the latest ACS Survey released in 2023, Winthrop Harbor, IL is a predominantly white area, with 79.9% of the population identifying as white. The white population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in Winthrop Harbor, IL is hispanic, making up 13.8% of the population. Foreign-born residents account for 6.1% of the population in Winthrop Harbor, IL, and this percentage has increased by 29.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.9% | -7.7% |
% Black | 3.5% | 75.0% |
% Hispanic | 13.8% | 68.3% |
% Asian | 0.1% | -94.7% |
% Foreign Born | 6.1% | 29.8% |
Mortgage and Risk — Winthrop Harbor, IL
According to HUD data as of 2023, there were 139 mortgage originations in Winthrop Harbor, IL, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Winthrop Harbor, IL. Investor activity is low, as 6.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 139 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Winthrop Harbor, IL
Winthrop Harbor, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 50 |
Total Units Section 8 | 50 |
% Rentals under Section 8 | 10.9% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,310 |
| 2 Bedroom | $80 | $1,400 | $1,480 |
| 3 Bedroom | -$580 | $2,480 | $1,900 |
| 4 Bedroom | $30 | $2,200 | $2,230 |
Affordability — Winthrop Harbor, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $283,000 |
| Median Household Income | $94,100 |