Hampshire, IL 60140 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Hampshire, IL—60140

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$397,000

3.2% YoY Growth

Household Income

$115,000

21.7% YoY Growth

Days on Market

32.0% Longer YoY

Home Price Forecast

0.4%

Median Rent

$2,500

0.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$2,250

19.5% YoY Growth

3-Bed Rent

$2,550

0.8% YoY Growth

Home Price Trends — Hampshire, IL

As of May '26, the median home price in Hampshire, IL is $397,000, with a year-over-year change of 3.2%. This indicates that home prices in Hampshire, IL are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$397,000	3.2%
Single Family	$406,000	3.3%
Condos	$278,000	6.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Hampshire, IL

As of July '25, Rentcast reports the average rent in Hampshire, IL is $2,470, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Hampshire, IL is 2-bedrooms: $2,210, 3-bedrooms: $2,520, 4-bedrooms: $3,650. The most common rental property sizes in Hampshire, IL are 2-bedroom and 3-bedroom, accounting for 53.4% and 39.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,500	$2,470
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$2,250	$2,210
3 Bed Rent	$2,550	$2,520
4 Bed Rent	$3,500	$3,650

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% of Rental Stock

1 Bedroom

1.3%

2 Bedrooms

53.4%

3 Bedrooms

39.6%

4 Bedrooms

5.7%

Property Listings — Hampshire, IL

As of May '26, Realtor.com reports that the median days on market for a home in Hampshire, IL is 38. This is a increase of 32.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$440,000	4.0%
Listing Count	166	-5.0%
Listings as % of Homes	1.4%	-5.0%
Days on Market	38	32.0%

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Demographics — Hampshire, IL

As of the latest ACS Survey released in 2023, Hampshire, IL has a population of 21,800, which has increased by 23.8% over the past 5 years. Hampshire, IL is a popular place for families, as children make up 25.7% of the population. The area has a moderately educated workforce, with 38.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	21,800	23.8%
% Under 18	25.7%	-4.8%
% Seniors	14.0%	9.4%
% WFH	14.8%	39.6%
% w/ College Degree	38.1%	-3.1%

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As of the latest ACS Survey released in 2023, Hampshire, IL is a predominantly white area, with 69.9% of the population identifying as white. The white population has shrunk by 19.8% in the last 5 years. The second most common race or ethnicity in Hampshire, IL is hispanic, making up 14.6% of the population. Foreign-born residents account for 11.3% of the population in Hampshire, IL, and this percentage has increased by 98.2% 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	69.9%	-19.8%
% Black	6.2%	588.9%
% Hispanic	14.6%	57.0%
% Asian	5.9%	110.7%
% Foreign Born	11.3%	98.2%

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Mortgage and Risk — Hampshire, IL

According to HUD data as of 2023, there were 626 mortgage originations in Hampshire, IL, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Hampshire, IL. Investor activity is low, as 1.0% 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	626
% Conventional Loans	77.0%
% Government Loans	23.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Hampshire, IL

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

Section 8 Market Size

Total Units under HUD	37
Total Units Section 8	37
% Rentals under Section 8	1.9%
% Occupied Section 8	100.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,930
2 Bedroom	-$70	$2,250	$2,180
3 Bedroom	$250	$2,550	$2,800
4 Bedroom	-$210	$3,500	$3,290

Hampshire, IL—60140

Key Metrics at a Glance

Home Price Trends — Hampshire, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hampshire, IL

% of Rental Stock

Property Listings — Hampshire, IL

Demographics — Hampshire, IL

Race and Ethnicity

Mortgage and Risk — Hampshire, IL

Mortgages

Rentals and Section 8 — Hampshire, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Hampshire, IL

Home Price to Income Ratio

Hampshire, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Burlington

Huntley, IL

Elgin, IL

Gilberts, IL

Union, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$397,000
Median Household Income	$115,000

Hampshire, IL—60140

Key Metrics at a Glance

Home Price Trends — Hampshire, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hampshire, IL

% of Rental Stock

Property Listings — Hampshire, IL

Demographics — Hampshire, IL

Race and Ethnicity

Mortgage and Risk — Hampshire, IL

Mortgages

Rentals and Section 8 — Hampshire, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Hampshire, IL

Home Price to Income Ratio

Hampshire, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Burlington

Huntley, IL

Elgin, IL

Gilberts, IL

Union, IL

Frequently Asked Questions

What is the average home price in Hampshire, IL 60140?

How have home prices in Hampshire, IL 60140 changed over the past year?

What is the home price projection for Hampshire, IL 60140?

What are the demographics of Hampshire, IL 60140?

How long does it take homes to sell in Hampshire, IL 60140?

What is the average rent price in Hampshire, IL 60140?