Crest Hill, IL 60403 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Crest Hill, IL—60403

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$275,000

2.8% YoY Growth

Household Income

$71,400

31.0% YoY Growth

Days on Market

28.0% Shorter YoY

Home Price Forecast

1.5%

Median Rent

$1,640

0.6% YoY Growth

1-Bed Rent

$1,370

4.3% YoY Growth

2-Bed Rent

$1,710

3.6% YoY Growth

3-Bed Rent

$2,000

3.7% YoY Growth

Home Price Trends — Crest Hill, IL

As of Dec '25, the median home price in Crest Hill, IL is $275,000, with a year-over-year change of 2.8%. This indicates that home prices in Crest Hill, IL are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$275,000	2.8%
Single Family	$283,000	2.5%
Condos	$204,000	5.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

6.4%

1 Bedroom

34.1%

2 Bedrooms

50.6%

3 Bedrooms

7.0%

4 Bedrooms

1.1%

5+ Bedrooms

0.8%

Property Listings — Crest Hill, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Crest Hill, IL is 30. This is a decrease of -3.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$266,000	3.0%
Listing Count	42	-18.0%
Listings as % of Homes	0.5%	-18.0%
Days on Market	38	-28.0%

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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%

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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%

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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%

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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

Crest Hill, IL—60403

Key Metrics at a Glance

Home Price Trends — Crest Hill, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Crest Hill, IL

% of Rental Stock

Property Listings — Crest Hill, IL

Demographics — Crest Hill, IL

Race and Ethnicity

Mortgage and Risk — Crest Hill, IL

Mortgages

Rentals and Section 8 — Crest Hill, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Crest Hill, IL

Home Price to Income Ratio

Crest Hill, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Joliet, IL

Joliet, IL

Romeoville, IL

Rockdale, IL

Lockport, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$275,000
Median Household Income	$71,400

Crest Hill, IL—60403

Key Metrics at a Glance

Home Price Trends — Crest Hill, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Crest Hill, IL

% of Rental Stock

Property Listings — Crest Hill, IL

Demographics — Crest Hill, IL

Race and Ethnicity

Mortgage and Risk — Crest Hill, IL

Mortgages

Rentals and Section 8 — Crest Hill, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Crest Hill, IL

Home Price to Income Ratio

Crest Hill, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Joliet, IL

Joliet, IL

Romeoville, IL

Rockdale, IL

Lockport, IL

Frequently Asked Questions

What is the average home price in Crest Hill, IL 60403?

How have home prices in Crest Hill, IL 60403 changed over the past year?

What is the home price projection for Crest Hill, IL 60403?

What are the demographics of Crest Hill, IL 60403?

How long does it take homes to sell in Crest Hill, IL 60403?

What is the average rent price in Crest Hill, IL 60403?