Medinah, IL—60157
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Medinah, IL
As of Oct '25, the median home price in Medinah, IL is $503,000, with a year-over-year change of 5.8%. This indicates that home prices in Medinah, 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 | $503,000 | 5.8% |
| Single Family | $503,000 | 5.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $448,000 | 6.2% |
4 Bed | $594,000 | 5.7% |
| 5 Bed | $722,000 | 4.0% |
% of Housing Stock
Rental Trends — Medinah, IL
Medinah, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Medinah, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Medinah, IL is 42. This is a decrease of -17.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $617,000 | 4.0% |
Listing Count | 8 | 57.0% |
| Listings as % of Homes | 0.2% | 57.0% |
Days on Market | 42 | -17.0% |
Demographics — Medinah, IL
As of the latest ACS Survey released in 2023, Medinah, IL has a population of 2,380, which has decreased by -5.0% over the past 5 years. Medinah, IL is a less popular place for families, as children make up 13.7% of the population. The area has a moderately educated workforce, with 36.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,380 | -5.0% |
% Under 18 | 13.7% | -35.4% |
% Seniors | 24.9% | 33.9% |
% WFH | 15.9% | 87.1% |
% w/ College Degree | 36.4% | -12.1% |
As of the latest ACS Survey released in 2023, Medinah, IL is a predominantly white area, with 91.6% of the population identifying as white. The white population has grown by 2.3% in the last 5 years. The second most common race or ethnicity in Medinah, IL is asian, making up 3.8% of the population. Foreign-born residents account for 16.4% of the population in Medinah, IL, and this percentage has decreased by 5.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.6% | 2.3% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.2% | ∞% |
% Asian | 3.8% | -61.2% |
% Foreign Born | 16.4% | -5.7% |
Mortgage and Risk — Medinah, IL
According to HUD data as of 2023, there were 40 mortgage originations in Medinah, IL, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Medinah, IL. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 40 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Medinah, IL
Medinah, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,810 |
| 2 Bedroom | N/A | N/A | $2,040 |
| 3 Bedroom | N/A | N/A | $2,620 |
| 4 Bedroom | N/A | N/A | $3,070 |
Affordability — Medinah, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $503,000 |
| Median Household Income | $118,000 |