Addison, IL 60101 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Addison, IL—60101

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$358,000

4.9% YoY Growth

Household Income

$87,900

35.3% YoY Growth

Days on Market

5.0% Shorter YoY

Home Price Forecast

1.5%

Median Rent

$1,650

17.4% YoY Growth

1-Bed Rent

$1,500

4.0% YoY Growth

2-Bed Rent

$1,800

7.8% YoY Growth

3-Bed Rent

$2,600

0.4% YoY Growth

Home Price Trends — Addison, IL

As of Dec '25, the median home price in Addison, IL is $358,000, with a year-over-year change of 4.9%. This indicates that home prices in Addison, IL are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$358,000	4.9%
Single Family	$377,000	4.4%
Condos	$201,000	-5.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Addison, IL

As of July '25, Rentcast reports the average rent in Addison, IL is $1,810, with a year-over-year rent change of -17.4%. Per bedroom, the median rent as of July '25 in Addison, IL is studios: $1,100, 1-bedrooms: $1,450, 2-bedrooms: $1,890, 3-bedrooms: $2,700. The most common rental property sizes in Addison, IL are 2-bedroom and 1-bedroom, accounting for 43.4% and 30.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,650	$1,810
Studio Rent	$1,100	$1,100
1 Bed Rent	$1,500	$1,450
2 Bed Rent	$1,800	$1,890
3 Bed Rent	$2,600	$2,700
4 Bed Rent	N/A	N/A

Loading chart...

% of Rental Stock

Studio

3.5%

1 Bedroom

30.9%

2 Bedrooms

43.4%

3 Bedrooms

19.5%

4 Bedrooms

2.7%

Property Listings — Addison, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Addison, IL is 32. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$424,000	12.0%
Listing Count	53	-4.0%
Listings as % of Homes	0.4%	-4.0%
Days on Market	37	-5.0%

Loading chart...

Demographics — Addison, IL

As of the latest ACS Survey released in 2023, Addison, IL has a population of 37,200, which has decreased by -5.1% over the past 5 years. Addison, IL is a moderately popular place for families, as children make up 19.6% of the population. The area has a poorly educated workforce, with 21.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	37,200	-5.1%
% Under 18	19.6%	-17.6%
% Seniors	16.6%	16.9%
% WFH	11.7%	290.0%
% w/ College Degree	21.7%	-6.9%

Loading chart...

As of the latest ACS Survey released in 2023, Addison, IL is a predominantly white area, with 43.6% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Addison, IL is hispanic, making up 43.3% of the population. Foreign-born residents account for 35.6% of the population in Addison, IL, and this percentage has increased by 11.2% 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	43.6%	-4.8%
% Black	3.2%	-11.1%
% Hispanic	43.3%	8.8%
% Asian	8.8%	-6.4%
% Foreign Born	35.6%	11.2%

Loading chart...

Mortgage and Risk — Addison, IL

According to HUD data as of 2023, there were 424 mortgage originations in Addison, IL, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Addison, IL. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	424
% Conventional Loans	88.0%
% Government Loans	12.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	12.0%

Loading chart...

Rentals and Section 8 — Addison, IL

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

Section 8 Market Size

Total Units under HUD	405
Total Units Section 8	404
% Rentals under Section 8	9.6%
% Occupied Section 8	87.6%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$100	$1,500	$1,400
2 Bedroom	-$220	$1,800	$1,580
3 Bedroom	-$570	$2,600	$2,030
4 Bedroom	N/A	N/A	$2,380

Addison, IL—60101

Key Metrics at a Glance

Home Price Trends — Addison, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Addison, IL

% of Rental Stock

Property Listings — Addison, IL

Demographics — Addison, IL

Race and Ethnicity

Mortgage and Risk — Addison, IL

Mortgages

Rentals and Section 8 — Addison, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Addison, IL

Home Price to Income Ratio

Addison, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Itasca, IL

Wood Dale, IL

Lombard, IL

Medinah, IL

Villa Park, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$358,000
Median Household Income	$87,900

Addison, IL—60101

Key Metrics at a Glance

Home Price Trends — Addison, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Addison, IL

% of Rental Stock

Property Listings — Addison, IL

Demographics — Addison, IL

Race and Ethnicity

Mortgage and Risk — Addison, IL

Mortgages

Rentals and Section 8 — Addison, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Addison, IL

Home Price to Income Ratio

Addison, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Itasca, IL

Wood Dale, IL

Lombard, IL

Medinah, IL

Villa Park, IL

Frequently Asked Questions

What is the average home price in Addison, IL 60101?

How have home prices in Addison, IL 60101 changed over the past year?

What is the home price projection for Addison, IL 60101?

What are the demographics of Addison, IL 60101?

How long does it take homes to sell in Addison, IL 60101?

What is the average rent price in Addison, IL 60101?