Carol Stream, IL 60188 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Carol Stream, IL—60188

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$368,000

4.6% YoY Growth

Household Income

$108,000

30.8% YoY Growth

Days on Market

45.0% Longer YoY

Home Price Forecast

1.6%

Median Rent

$1,810

4.5% YoY Growth

1-Bed Rent

$1,680

1.8% YoY Growth

2-Bed Rent

$2,000

3.8% YoY Growth

3-Bed Rent

$2,520

10.5% YoY Growth

Home Price Trends — Carol Stream, IL

As of Dec '25, the median home price in Carol Stream, IL is $368,000, with a year-over-year change of 4.6%. This indicates that home prices in Carol Stream, IL are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$368,000	4.6%
Single Family	$388,000	4.3%
Condos	$242,000	6.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Carol Stream, IL

As of July '25, Rentcast reports the average rent in Carol Stream, IL is $1,920, with a year-over-year rent change of -4.5%. Per bedroom, the median rent as of July '25 in Carol Stream, IL is studios: $1,440, 1-bedrooms: $1,660, 2-bedrooms: $2,030, 3-bedrooms: $2,560, 4-bedrooms: $3,350. The most common rental property sizes in Carol Stream, IL are 2-bedroom and 1-bedroom, accounting for 44.6% and 37.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,810	$1,920
Studio Rent	$1,540	$1,440
1 Bed Rent	$1,680	$1,660
2 Bed Rent	$2,000	$2,030
3 Bed Rent	$2,520	$2,560
4 Bed Rent	$3,340	$3,350

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% of Rental Stock

Studio

5.9%

1 Bedroom

37.6%

2 Bedrooms

44.6%

3 Bedrooms

9.1%

4 Bedrooms

2.6%

5+ Bedrooms

0.2%

Property Listings — Carol Stream, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Carol Stream, IL is 32. This is a increase of 36.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$372,000	-6.0%
Listing Count	71	24.0%
Listings as % of Homes	0.3%	24.0%
Days on Market	42	45.0%

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Demographics — Carol Stream, IL

As of the latest ACS Survey released in 2023, Carol Stream, IL has a population of 42,100, which has decreased by -1.2% over the past 5 years. Carol Stream, IL is a moderately popular place for families, as children make up 22.0% of the population. The area has a moderately educated workforce, with 43.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	42,100	-1.2%
% Under 18	22.0%	-3.5%
% Seniors	15.7%	31.9%
% WFH	13.7%	234.1%
% w/ College Degree	43.9%	8.7%

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As of the latest ACS Survey released in 2023, Carol Stream, IL is a predominantly white area, with 51.9% of the population identifying as white. The white population has shrunk by 11.3% in the last 5 years. The second most common race or ethnicity in Carol Stream, IL is asian, making up 18.8% of the population. Foreign-born residents account for 27.6% of the population in Carol Stream, IL, and this percentage has increased by 18.5% 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	51.9%	-11.3%
% Black	6.0%	-15.5%
% Hispanic	18.0%	24.1%
% Asian	18.8%	0.0%
% Foreign Born	27.6%	18.5%

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Mortgage and Risk — Carol Stream, IL

According to HUD data as of 2023, there were 437 mortgage originations in Carol Stream, IL, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Carol Stream, IL. Investor activity is low, as 2.0% 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	437
% Conventional Loans	91.0%
% Government Loans	9.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Carol Stream, IL

As of 2024, the percent of homes in Carol Stream, IL under the Section 8 program is 17.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Carol Stream, 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	788
Total Units Section 8	788
% Rentals under Section 8	17.8%
% Occupied Section 8	82.4%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$10	$1,680	$1,670
2 Bedroom	-$120	$2,000	$1,880
3 Bedroom	-$110	$2,520	$2,410
4 Bedroom	-$500	$3,340	$2,840

Carol Stream, IL—60188

Key Metrics at a Glance

Home Price Trends — Carol Stream, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Carol Stream, IL

% of Rental Stock

Property Listings — Carol Stream, IL

Demographics — Carol Stream, IL

Race and Ethnicity

Mortgage and Risk — Carol Stream, IL

Mortgages

Rentals and Section 8 — Carol Stream, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Carol Stream, IL

Home Price to Income Ratio

Carol Stream, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Wheaton, IL

Bloomingdale, IL

Winfield, IL

Glendale Heights, IL

Hanover Park, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$368,000
Median Household Income	$108,000

Carol Stream, IL—60188

Key Metrics at a Glance

Home Price Trends — Carol Stream, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Carol Stream, IL

% of Rental Stock

Property Listings — Carol Stream, IL

Demographics — Carol Stream, IL

Race and Ethnicity

Mortgage and Risk — Carol Stream, IL

Mortgages

Rentals and Section 8 — Carol Stream, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Carol Stream, IL

Home Price to Income Ratio

Carol Stream, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Wheaton, IL

Bloomingdale, IL

Winfield, IL

Glendale Heights, IL

Hanover Park, IL

Frequently Asked Questions

What is the average home price in Carol Stream, IL 60188?

How have home prices in Carol Stream, IL 60188 changed over the past year?

What is the home price projection for Carol Stream, IL 60188?

What are the demographics of Carol Stream, IL 60188?

How long does it take homes to sell in Carol Stream, IL 60188?

What is the average rent price in Carol Stream, IL 60188?