Addison, IL—60101
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Addison, IL
As of Oct '25, the median home price in Addison, IL is $360,000, with a year-over-year change of 5.1%. This indicates that home prices in Addison, IL are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $360,000 | 5.1% |
| Single Family | $379,000 | 4.7% |
| Condos | $205,000 | -7.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $159,000 | 7.4% |
2 Bed | $282,000 | 5.6% |
3 Bed | $371,000 | 4.8% |
4 Bed | $490,000 | 4.0% |
| 5 Bed | $608,000 | 3.8% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Addison, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Addison, IL is 38. This is a increase of 28.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $396,000 | 6.0% |
Listing Count | 68 | -6.0% |
| Listings as % of Homes | 0.4% | -6.0% |
Days on Market | 38 | 28.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Addison, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $360,000 |
| Median Household Income | $87,900 |