Crest Hill, IL—60403
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Crest Hill, IL
As of Oct '25, the median home price in Crest Hill, IL is $276,000, with a year-over-year change of 2.9%. This indicates that home prices in Crest Hill, 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 | $276,000 | 3.0% |
| Single Family | $284,000 | 2.5% |
| Condos | $203,000 | 5.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $255,000 | 4.5% |
3 Bed | $296,000 | 3.9% |
4 Bed | $356,000 | 2.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Crest Hill, IL
As of July '25, Rentcast reports the average rent in Crest Hill, IL is $1,650, with a year-over-year rent change of -0.6%. Per bedroom, the median rent as of July '25 in Crest Hill, IL is studios: $1,230, 1-bedrooms: $1,460, 2-bedrooms: $1,740, 3-bedrooms: $2,080, 4-bedrooms: $2,680. The most common rental property sizes in Crest Hill, IL are 2-bedroom and 1-bedroom, accounting for 50.6% and 34.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,640 | $1,650 |
| Studio Rent | $1,190 | $1,230 |
| 1 Bed Rent | $1,370 | $1,460 |
| 2 Bed Rent | $1,710 | $1,740 |
| 3 Bed Rent | $2,000 | $2,080 |
| 4 Bed Rent | $2,100 | $2,680 |
% of Rental Stock
Property Listings — Crest Hill, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Crest Hill, IL is 21. This is a increase of 6.0% 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 | $288,000 | -4.0% |
Listing Count | 48 | -12.0% |
| Listings as % of Homes | 0.5% | -12.0% |
Days on Market | 21 | 6.0% |
Demographics — Crest Hill, IL
As of the latest ACS Survey released in 2023, Crest Hill, IL has a population of 17,200, which has decreased by -5.6% over the past 5 years. Crest Hill, IL is a moderately popular place for families, as children make up 19.0% of the population. The area has a poorly educated workforce, with 24.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,200 | -5.6% |
% Under 18 | 19.0% | 0.5% |
% Seniors | 20.6% | 12.6% |
% WFH | 6.4% | 236.8% |
% w/ College Degree | 24.4% | 16.2% |
As of the latest ACS Survey released in 2023, Crest Hill, IL is a predominantly white area, with 52.2% of the population identifying as white. The white population has shrunk by 9.2% in the last 5 years. The second most common race or ethnicity in Crest Hill, IL is hispanic, making up 25.9% of the population. Foreign-born residents account for 12.0% of the population in Crest Hill, IL, and this percentage has decreased by 3.2% 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 | 52.2% | -9.2% |
% Black | 14.3% | -20.1% |
% Hispanic | 25.9% | 41.5% |
% Asian | 4.3% | 13.2% |
% Foreign Born | 12.0% | -3.2% |
Mortgage and Risk — Crest Hill, IL
According to HUD data as of 2023, there were 306 mortgage originations in Crest Hill, IL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Crest Hill, IL. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 306 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Crest Hill, IL
As of 2024, the percent of homes in Crest Hill, IL under the Section 8 program is 3.3%. 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 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Crest Hill, IL, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 107 |
Total Units Section 8 | 93 |
% Rentals under Section 8 | 3.3% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $1,370 | $1,480 |
| 2 Bedroom | -$40 | $1,710 | $1,670 |
| 3 Bedroom | $150 | $2,000 | $2,150 |
| 4 Bedroom | $420 | $2,100 | $2,520 |
Affordability — Crest Hill, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $276,000 |
| Median Household Income | $71,400 |