Northlake, IL 60164 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Northlake, IL—60164

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$289,000

2.2% YoY Growth

Household Income

$76,500

27.1% YoY Growth

Days on Market

58.0% Longer YoY

Home Price Forecast

1.5%

Median Rent

$1,400

9.0% YoY Growth

1-Bed Rent

$1,200

4.2% YoY Growth

2-Bed Rent

$1,500

10.6% YoY Growth

3-Bed Rent

$2,500

19.7% YoY Growth

Home Price Trends — Northlake, IL

As of Dec '25, the median home price in Northlake, IL is $289,000, with a year-over-year change of 2.2%. This indicates that home prices in Northlake, IL are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$289,000	2.2%
Single Family	$296,000	2.4%
Condos	$143,000	3.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Northlake, IL

As of July '25, Rentcast reports the average rent in Northlake, IL is $1,710, with a year-over-year rent change of -9.0%. Per bedroom, the median rent as of July '25 in Northlake, IL is 1-bedrooms: $1,250, 2-bedrooms: $1,770, 3-bedrooms: $2,550. The most common rental property sizes in Northlake, IL are 1-bedroom and 2-bedroom, accounting for 33.5% and 26.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,400	$1,710
Studio Rent	N/A	N/A
1 Bed Rent	$1,200	$1,250
2 Bed Rent	$1,500	$1,770
3 Bed Rent	$2,500	$2,550
4 Bed Rent	N/A	N/A

Loading chart...

% of Rental Stock

Studio

10.0%

1 Bedroom

33.5%

2 Bedrooms

26.8%

3 Bedrooms

19.9%

4 Bedrooms

7.6%

5+ Bedrooms

2.2%

Property Listings — Northlake, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Northlake, IL is 53. This is a increase of 43.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$302,000	-13.0%
Listing Count	30	-31.0%
Listings as % of Homes	0.5%	-31.0%
Days on Market	70	58.0%

Loading chart...

Demographics — Northlake, IL

As of the latest ACS Survey released in 2023, Northlake, IL has a population of 21,200, which has decreased by -1.6% over the past 5 years. Northlake, IL is a moderately popular place for families, as children make up 23.6% of the population. The area has a poorly educated workforce, with 14.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	21,200	-1.6%
% Under 18	23.6%	-8.5%
% Seniors	16.4%	28.1%
% WFH	7.5%	226.1%
% w/ College Degree	14.5%	11.5%

Loading chart...

As of the latest ACS Survey released in 2023, Northlake, IL is a predominantly hispanic area, with 63.4% of the population identifying as hispanic. The hispanic population has grown by 2.8% in the last 5 years. The second most common race or ethnicity in Northlake, IL is white, making up 28.1% of the population. Foreign-born residents account for 27.6% of the population in Northlake, IL, and this percentage has decreased by 0.4% 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	28.1%	-13.8%
% Black	2.8%	-9.7%
% Hispanic	63.4%	2.8%
% Asian	4.2%	110.0%
% Foreign Born	27.6%	-0.4%

Loading chart...

Mortgage and Risk — Northlake, IL

According to HUD data as of 2023, there were 216 mortgage originations in Northlake, IL, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Northlake, 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	216
% Conventional Loans	70.0%
% Government Loans	30.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	12.0%

Loading chart...

Rentals and Section 8 — Northlake, IL

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

Section 8 Market Size

Total Units under HUD	133
Total Units Section 8	61
% Rentals under Section 8	3.6%
% Occupied Section 8	91.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$30	$1,200	$1,230
2 Bedroom	-$110	$1,500	$1,390
3 Bedroom	-$710	$2,500	$1,790
4 Bedroom	N/A	N/A	$2,100

Northlake, IL—60164

Key Metrics at a Glance

Home Price Trends — Northlake, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Northlake, IL

% of Rental Stock

Property Listings — Northlake, IL

Demographics — Northlake, IL

Race and Ethnicity

Mortgage and Risk — Northlake, IL

Mortgages

Rentals and Section 8 — Northlake, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Northlake, IL

Home Price to Income Ratio

Northlake, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Stone Park, IL

Franklin Park, IL

Berkeley, IL

Melrose Park, IL

Bellwood, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$289,000
Median Household Income	$76,500

Northlake, IL—60164

Key Metrics at a Glance

Home Price Trends — Northlake, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Northlake, IL

% of Rental Stock

Property Listings — Northlake, IL

Demographics — Northlake, IL

Race and Ethnicity

Mortgage and Risk — Northlake, IL

Mortgages

Rentals and Section 8 — Northlake, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Northlake, IL

Home Price to Income Ratio

Northlake, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Stone Park, IL

Franklin Park, IL

Berkeley, IL

Melrose Park, IL

Bellwood, IL

Frequently Asked Questions

What is the average home price in Northlake, IL 60164?

How have home prices in Northlake, IL 60164 changed over the past year?

What is the home price projection for Northlake, IL 60164?

What are the demographics of Northlake, IL 60164?

How long does it take homes to sell in Northlake, IL 60164?

What is the average rent price in Northlake, IL 60164?