Schiller Park, IL—60176
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Schiller Park, IL
As of Oct '25, the median home price in Schiller Park, IL is $296,000, with a year-over-year change of 4.4%. This indicates that home prices in Schiller Park, IL are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $296,000 | 4.4% |
| Single Family | $332,000 | 4.7% |
| Condos | $167,000 | 6.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $143,000 | 5.1% |
2 Bed | $215,000 | 3.9% |
3 Bed | $326,000 | 4.5% |
4 Bed | $387,000 | 4.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Schiller Park, IL
As of July '25, Rentcast reports the average rent in Schiller Park, IL is $1,580, with a year-over-year rent change of -1.2%. Per bedroom, the median rent as of July '25 in Schiller Park, IL is studios: $1,050, 1-bedrooms: $1,430, 2-bedrooms: $1,780, 3-bedrooms: $3,200, 4-bedrooms: $3,040. The most common rental property sizes in Schiller Park, IL are 2-bedroom and 3-bedroom, accounting for 38.7% and 24.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,480 | $1,580 |
| Studio Rent | $1,050 | $1,050 |
| 1 Bed Rent | $1,450 | $1,430 |
| 2 Bed Rent | $1,700 | $1,780 |
| 3 Bed Rent | $3,200 | $3,200 |
| 4 Bed Rent | $3,040 | $3,040 |
% of Rental Stock
Property Listings — Schiller Park, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Schiller Park, IL is 33. This is a decrease of -11.0% 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 | $386,000 | 3.0% |
Listing Count | 35 | 29.0% |
| Listings as % of Homes | 0.6% | 29.0% |
Days on Market | 33 | -11.0% |
Demographics — Schiller Park, IL
As of the latest ACS Survey released in 2023, Schiller Park, IL has a population of 11,500, which has decreased by -2.1% over the past 5 years. Schiller Park, IL is a popular place for families, as children make up 25.2% of the population. The area has a moderately educated workforce, with 27.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,500 | -2.1% |
% Under 18 | 25.2% | 24.1% |
% Seniors | 13.6% | 6.2% |
% WFH | 4.7% | 34.3% |
% w/ College Degree | 27.8% | 51.1% |
As of the latest ACS Survey released in 2023, Schiller Park, IL is a predominantly white area, with 63.5% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Schiller Park, IL is hispanic, making up 30.0% of the population. Foreign-born residents account for 38.8% of the population in Schiller Park, IL, and this percentage has decreased by 14.0% 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 | 63.5% | -3.5% |
% Black | 0.8% | -38.5% |
% Hispanic | 30.0% | 21.5% |
% Asian | 4.6% | 0.0% |
% Foreign Born | 38.8% | -14.0% |
Mortgage and Risk — Schiller Park, IL
According to HUD data as of 2023, there were 139 mortgage originations in Schiller Park, IL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Schiller Park, IL. Investor activity is low, as 8.0% 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 | 139 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Schiller Park, IL
As of 2024, the percent of homes in Schiller Park, IL under the Section 8 program is 0.4%. 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. In Schiller Park, IL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $1,450 | $1,420 |
| 2 Bedroom | -$100 | $1,700 | $1,600 |
| 3 Bedroom | -$1,140 | $3,200 | $2,060 |
| 4 Bedroom | -$630 | $3,040 | $2,410 |
Affordability — Schiller Park, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $296,000 |
| Median Household Income | $67,500 |