Lombard, IL—60148
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lombard, IL
As of Oct '25, the median home price in Lombard, IL is $368,000, with a year-over-year change of 5.8%. This indicates that home prices in Lombard, IL are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $368,000 | 5.8% |
| Single Family | $389,000 | 5.4% |
| Condos | $227,000 | 4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $166,000 | 3.8% |
2 Bed | $293,000 | 5.0% |
3 Bed | $389,000 | 4.9% |
4 Bed | $473,000 | 4.9% |
| 5 Bed | $583,000 | 4.5% |
% of Housing Stock
Rental Trends — Lombard, IL
As of July '25, Rentcast reports the average rent in Lombard, IL is $2,380, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in Lombard, IL is studios: $2,120, 1-bedrooms: $2,100, 2-bedrooms: $2,580, 3-bedrooms: $2,930, 4-bedrooms: $3,110. The most common rental property sizes in Lombard, IL are 2-bedroom and 1-bedroom, accounting for 42.6% and 37.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,220 | $2,380 |
| Studio Rent | $2,000 | $2,120 |
| 1 Bed Rent | $2,010 | $2,100 |
| 2 Bed Rent | $2,470 | $2,580 |
| 3 Bed Rent | $2,850 | $2,930 |
| 4 Bed Rent | $3,000 | $3,110 |
% of Rental Stock
Property Listings — Lombard, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lombard, IL is 28. This is a decrease of -8.0% 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 | $417,000 | -1.0% |
Listing Count | 155 | 5.0% |
| Listings as % of Homes | 0.5% | 5.0% |
Days on Market | 28 | -8.0% |
Demographics — Lombard, IL
As of the latest ACS Survey released in 2023, Lombard, IL has a population of 52,400, which has decreased by -1.1% over the past 5 years. Lombard, IL is a moderately popular place for families, as children make up 20.2% of the population. The area has a highly educated workforce, with 48.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 52,400 | -1.1% |
% Under 18 | 20.2% | -4.7% |
% Seniors | 16.8% | 9.1% |
% WFH | 18.3% | 161.4% |
% w/ College Degree | 48.2% | 5.7% |
As of the latest ACS Survey released in 2023, Lombard, IL is a predominantly white area, with 65.6% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Lombard, IL is hispanic, making up 13.4% of the population. Foreign-born residents account for 16.9% of the population in Lombard, IL, and this percentage has increased by 7.0% 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 | 65.6% | -6.8% |
% Black | 5.6% | 12.0% |
% Hispanic | 13.4% | 34.0% |
% Asian | 11.6% | -6.5% |
% Foreign Born | 16.9% | 7.0% |
Mortgage and Risk — Lombard, IL
According to HUD data as of 2023, there were 855 mortgage originations in Lombard, IL, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Lombard, IL. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 855 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Lombard, IL
As of 2024, the percent of homes in Lombard, IL under the Section 8 program is 2.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Lombard, IL, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 186 |
Total Units Section 8 | 186 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$110 | $2,010 | $1,900 |
| 2 Bedroom | -$320 | $2,470 | $2,150 |
| 3 Bedroom | -$90 | $2,850 | $2,760 |
| 4 Bedroom | $240 | $3,000 | $3,240 |
Affordability — Lombard, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $368,000 |
| Median Household Income | $96,600 |