Sycamore, IL—60178
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sycamore, IL
As of Oct '25, the median home price in Sycamore, IL is $305,000, with a year-over-year change of 5.2%. This indicates that home prices in Sycamore, IL are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $305,000 | 5.2% |
| Single Family | $328,000 | 4.8% |
| Condos | $205,000 | 4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $219,000 | 3.8% |
3 Bed | $303,000 | 4.1% |
4 Bed | $396,000 | 3.4% |
| 5 Bed | $462,000 | 3.1% |
% of Housing Stock
Rental Trends — Sycamore, IL
As of July '25, Rentcast reports the average rent in Sycamore, IL is $1,520, with a year-over-year rent change of -15.6%. Per bedroom, the median rent as of July '25 in Sycamore, IL is 1-bedrooms: $1,190, 2-bedrooms: $1,600, 3-bedrooms: $2,400, 4-bedrooms: $2,200. The most common rental property sizes in Sycamore, IL are 2-bedroom and 1-bedroom, accounting for 57.4% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,030 | $1,190 |
| 2 Bed Rent | $1,750 | $1,600 |
| 3 Bed Rent | $2,400 | $2,400 |
| 4 Bed Rent | $2,200 | $2,200 |
% of Rental Stock
Property Listings — Sycamore, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Sycamore, IL is 35. This is a decrease of -13.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $371,000 | 6.0% |
Listing Count | 110 | 9.0% |
| Listings as % of Homes | 0.6% | 9.0% |
Days on Market | 35 | -13.0% |
Demographics — Sycamore, IL
As of the latest ACS Survey released in 2023, Sycamore, IL has a population of 21,700, which has decreased by -3.1% over the past 5 years. Sycamore, IL is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 44.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,700 | -3.1% |
% Under 18 | 23.4% | -4.9% |
% Seniors | 15.4% | 6.2% |
% WFH | 12.1% | 105.1% |
% w/ College Degree | 44.4% | 15.6% |
As of the latest ACS Survey released in 2023, Sycamore, IL is a predominantly white area, with 86.0% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Sycamore, IL is hispanic, making up 8.6% of the population. Foreign-born residents account for 4.7% of the population in Sycamore, IL, and this percentage has increased by 17.5% 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 | 86.0% | -0.5% |
% Black | 3.1% | -3.1% |
% Hispanic | 8.6% | 17.8% |
% Asian | 0.8% | -60.0% |
% Foreign Born | 4.7% | 17.5% |
Mortgage and Risk — Sycamore, IL
According to HUD data as of 2023, there were 436 mortgage originations in Sycamore, IL, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Sycamore, IL. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 436 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Sycamore, IL
As of 2024, the percent of homes in Sycamore, IL under the Section 8 program is 2.6%. 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. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Sycamore, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 160 |
Total Units Section 8 | 61 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $1,030 | $1,080 |
| 2 Bedroom | -$340 | $1,750 | $1,410 |
| 3 Bedroom | -$480 | $2,400 | $1,920 |
| 4 Bedroom | $170 | $2,200 | $2,370 |
Affordability — Sycamore, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $305,000 |
| Median Household Income | $88,300 |