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Calumet City, IL—60409

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$158,000
2.8% YoY Growth
Household Income
$54,000
26.4% YoY Growth
Days on Market
65
14.0% Longer YoY
Home Price Forecast
0.7%
Median Rent
$1,600
18.8% YoY Growth
1-Bed Rent
$1,100
8.8% YoY Growth
2-Bed Rent
$1,400
3.1% YoY Growth
3-Bed Rent
$1,920
13.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Calumet City, IL

As of May '26, the median home price in Calumet City, IL is $158,000, with a year-over-year change of -2.8%. This indicates that home prices in Calumet City, IL are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$158,000-2.8%
Single Family $164,000-3.5%
Condos $81,0000.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$112,0000.0%
    3 Bed
    		$166,000-2.9%
    4 Bed
    		$196,000-4.4%
    5 Bed $223,947-4.2%
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    % of Housing Stock

    Studio
    1.4%
    1 Bedroom
    13.1%
    2 Bedrooms
    26.6%
    3 Bedrooms
    46.5%
    4 Bedrooms
    9.6%
    5+ Bedrooms
    2.9%

    Rental Trends — Calumet City, IL

    As of July '25, Rentcast reports the average rent in Calumet City, IL is $1,640, with a year-over-year rent change of 18.8%. Per bedroom, the median rent as of July '25 in Calumet City, IL is studios: $2,000, 1-bedrooms: $1,110, 2-bedrooms: $1,350, 3-bedrooms: $2,020, 4-bedrooms: $2,000. The most common rental property sizes in Calumet City, IL are 2-bedroom and 3-bedroom, accounting for 33.1% and 29.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,600$1,640
    Studio Rent $2,000$2,000
    1 Bed Rent $1,100$1,110
    2 Bed Rent $1,400$1,350
    3 Bed Rent $1,920$2,020
    4 Bed Rent $1,900$2,000
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    % of Rental Stock

    Studio
    3.0%
    1 Bedroom
    27.6%
    2 Bedrooms
    33.1%
    3 Bedrooms
    29.4%
    4 Bedrooms
    6.1%
    5+ Bedrooms
    0.8%

    Property Listings — Calumet City, IL

    As of May '26, Realtor.com reports that the median days on market for a home in Calumet City, IL is 65. This is a increase of 14.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$161,000-5.0%
    Listing Count
    		1980.0%
    Listings as % of Homes1.0%0.0%
    Days on Market
    		6514.0%
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    Demographics — Calumet City, IL

    As of the latest ACS Survey released in 2023, Calumet City, IL has a population of 35,300, which has decreased by -4.6% over the past 5 years. Calumet City, IL is a moderately popular place for families, as children make up 24.5% of the population. The area has a poorly educated workforce, with 20.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		35,300-4.6%
    % Under 18
    		24.5%-2.4%
    % Seniors
    		13.9%6.1%
    % WFH
    		7.7%102.6%
    % w/ College Degree
    		20.5%17.1%
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    As of the latest ACS Survey released in 2023, Calumet City, IL is a predominantly black area, with 74.0% of the population identifying as black. The black population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Calumet City, IL is hispanic, making up 15.4% of the population. Foreign-born residents account for 9.0% of the population in Calumet City, IL, and this percentage has decreased by 7.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		7.4%-23.7%
    % Black
    		74.0%-0.7%
    % Hispanic
    		15.4%2.0%
    % Asian
    		0.2%100.0%
    % Foreign Born
    		9.0%-7.2%
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    Mortgage and Risk — Calumet City, IL

    According to HUD data as of 2023, there were 421 mortgage originations in Calumet City, IL, of which 49.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 57.0% above 90% LTV (very high). This implies large mortgage risk in Calumet City, 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

    MetricZip Code Average
    Total Loan Originations
    		421
    % Conventional Loans
    		49.0%
    % Government Loans
    		51.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — Calumet City, IL

    As of 2024, the percent of homes in Calumet City, IL under the Section 8 program is 18.1%. 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. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Calumet City, IL, because HUD payments exceed market rent, while 3-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		1,365
    Total Units Section 8
    		1,185
    % Rentals under Section 8
    		18.1%
    % Occupied Section 8
    		92.7%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$170$1,100$1,270
    2 Bedroom$30$1,400$1,430
    3 Bedroom-$80$1,920$1,840
    4 Bedroom$260$1,900$2,160

    Affordability — Calumet City, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.8
    Median Home Price$158,000
    Median Household Income$54,000

    Calumet City, IL — ZIP Code Boundary Map

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    Frequently Asked Questions