Blue Island, IL—60406
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Blue Island, IL
As of Oct '25, the median home price in Blue Island, IL is $193,000, with a year-over-year change of -0.1%. This indicates that home prices in Blue Island, IL are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $193,000 | -0.1% |
| Single Family | $198,000 | 0.0% |
| Condos | $101,000 | -19.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $156,000 | -1.9% |
3 Bed | $199,000 | 0.0% |
4 Bed | $232,000 | 0.4% |
| 5 Bed | $259,000 | 1.2% |
% of Housing Stock
Rental Trends — Blue Island, IL
As of July '25, Rentcast reports the average rent in Blue Island, IL is $1,340, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in Blue Island, IL is 1-bedrooms: $1,140, 2-bedrooms: $1,350, 3-bedrooms: $2,430. The most common rental property sizes in Blue Island, IL are 2-bedroom and 1-bedroom, accounting for 45.9% and 34.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,340 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,140 |
| 2 Bed Rent | $1,350 | $1,350 |
| 3 Bed Rent | $2,500 | $2,430 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Blue Island, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Blue Island, IL is 42. This is a increase of 11.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $190,000 | -10.0% |
Listing Count | 47 | -14.0% |
| Listings as % of Homes | 0.5% | -14.0% |
Days on Market | 42 | 11.0% |
Demographics — Blue Island, IL
As of the latest ACS Survey released in 2023, Blue Island, IL has a population of 24,900, which has decreased by -1.5% over the past 5 years. Blue Island, IL is a moderately popular place for families, as children make up 23.7% of the population. The area has a poorly educated workforce, with 18.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,900 | -1.5% |
% Under 18 | 23.7% | -9.5% |
% Seniors | 12.5% | 21.4% |
% WFH | 5.5% | 323.1% |
% w/ College Degree | 18.4% | 21.9% |
As of the latest ACS Survey released in 2023, Blue Island, IL is a predominantly hispanic area, with 44.4% of the population identifying as hispanic. The hispanic population has shrunk by 11.9% in the last 5 years. The second most common race or ethnicity in Blue Island, IL is black, making up 33.9% of the population. Foreign-born residents account for 18.7% of the population in Blue Island, IL, and this percentage has decreased by 14.2% 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 | 19.3% | -4.5% |
% Black | 33.9% | 25.1% |
% Hispanic | 44.4% | -11.9% |
% Asian | 0.7% | 75.0% |
% Foreign Born | 18.7% | -14.2% |
Mortgage and Risk — Blue Island, IL
According to HUD data as of 2023, there were 212 mortgage originations in Blue Island, IL, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Blue Island, IL. Investor activity is low, as 6.0% 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 | 212 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Blue Island, IL
Blue Island, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 181 |
Total Units Section 8 | 181 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,200 | $1,190 |
| 2 Bedroom | -$10 | $1,350 | $1,340 |
| 3 Bedroom | -$780 | $2,500 | $1,720 |
| 4 Bedroom | N/A | N/A | $2,020 |
Affordability — Blue Island, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $193,000 |
| Median Household Income | $59,500 |