Itasca, IL—60143
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Itasca, IL
As of Oct '25, the median home price in Itasca, IL is $429,000, with a year-over-year change of 4.7%. This indicates that home prices in Itasca, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $429,000 | 4.7% |
| Single Family | $443,000 | 4.7% |
| Condos | $319,000 | 2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $358,000 | 2.3% |
3 Bed | $424,000 | 4.4% |
4 Bed | $590,000 | 4.1% |
| 5 Bed | $730,000 | 3.4% |
% of Housing Stock
Rental Trends — Itasca, IL
As of July '25, Rentcast reports the average rent in Itasca, IL is $2,390, with a year-over-year rent change of -2.4%. Per bedroom, the median rent as of July '25 in Itasca, IL is studios: $1,920, 1-bedrooms: $2,040, 2-bedrooms: $2,470, 3-bedrooms: $3,070. The most common rental property sizes in Itasca, IL are 2-bedroom and 1-bedroom, accounting for 52.7% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,290 | $2,390 |
| Studio Rent | $1,870 | $1,920 |
| 1 Bed Rent | $2,110 | $2,040 |
| 2 Bed Rent | $2,610 | $2,470 |
| 3 Bed Rent | $2,950 | $3,070 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Itasca, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Itasca, IL is 32. This is a decrease of -28.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $480,000 | 1.0% |
Listing Count | 29 | 13.0% |
| Listings as % of Homes | 0.5% | 13.0% |
Days on Market | 32 | -28.0% |
Demographics — Itasca, IL
As of the latest ACS Survey released in 2023, Itasca, IL has a population of 11,800, which has increased by 7.3% over the past 5 years. Itasca, IL is a moderately popular place for families, as children make up 21.9% of the population. The area has a highly educated workforce, with 48.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,800 | 7.3% |
% Under 18 | 21.9% | 9.5% |
% Seniors | 15.3% | -27.1% |
% WFH | 19.8% | 321.3% |
% w/ College Degree | 48.1% | 29.0% |
As of the latest ACS Survey released in 2023, Itasca, IL is a predominantly white area, with 66.0% of the population identifying as white. The white population has shrunk by 17.2% in the last 5 years. The second most common race or ethnicity in Itasca, IL is hispanic, making up 16.1% of the population. Foreign-born residents account for 22.3% of the population in Itasca, IL, and this percentage has increased by 33.5% 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 | 66.0% | -17.2% |
% Black | 0.6% | -71.4% |
% Hispanic | 16.1% | 35.3% |
% Asian | 12.9% | 158.0% |
% Foreign Born | 22.3% | 33.5% |
Mortgage and Risk — Itasca, IL
According to HUD data as of 2023, there were 136 mortgage originations in Itasca, IL, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Itasca, IL. Investor activity is low, as 4.0% 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 | 136 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Itasca, IL
Itasca, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$310 | $2,110 | $1,800 |
| 2 Bedroom | -$580 | $2,610 | $2,030 |
| 3 Bedroom | -$340 | $2,950 | $2,610 |
| 4 Bedroom | N/A | N/A | $3,060 |
Affordability — Itasca, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $429,000 |
| Median Household Income | $112,000 |