Carol Stream, IL—60188
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carol Stream, IL
As of Oct '25, the median home price in Carol Stream, IL is $370,000, with a year-over-year change of 4.7%. This indicates that home prices in Carol Stream, IL are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $370,000 | 4.7% |
| Single Family | $389,000 | 4.3% |
| Condos | $245,000 | 6.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $168,000 | 4.3% |
2 Bed | $272,000 | 5.4% |
3 Bed | $359,000 | 4.4% |
4 Bed | $470,000 | 4.9% |
| 5 Bed | $571,000 | 4.2% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Carol Stream, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Carol Stream, IL is 35. This is a increase of 21.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $352,000 | -8.0% |
Listing Count | 85 | 37.0% |
| Listings as % of Homes | 0.3% | 37.0% |
Days on Market | 35 | 21.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Carol Stream, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $370,000 |
| Median Household Income | $108,000 |