Channahon, IL—60410
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Channahon, IL
As of Oct '25, the median home price in Channahon, IL is $373,000, with a year-over-year change of 3.4%. This indicates that home prices in Channahon, IL are increasing. 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 | $373,000 | 3.4% |
| Single Family | $375,000 | 3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $285,000 | 4.8% |
3 Bed | $352,000 | 3.2% |
4 Bed | $419,000 | 2.7% |
| 5 Bed | $437,000 | 1.6% |
% of Housing Stock
Rental Trends — Channahon, IL
As of July '25, Rentcast reports the average rent in Channahon, IL is $1,450, with a year-over-year rent change of -38.3%. Per bedroom, the median rent as of July '25 in Channahon, IL is 3-bedrooms: $1,450. The most common rental property sizes in Channahon, IL are 2-bedroom and 3-bedroom, accounting for 44.4% and 28.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,450 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,450 | $1,450 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Channahon, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Channahon, IL is 47. This is a decrease of -54.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $436,000 | -1.0% |
Listing Count | 72 | -6.0% |
| Listings as % of Homes | 1.0% | -6.0% |
Days on Market | 47 | -54.0% |
Demographics — Channahon, IL
As of the latest ACS Survey released in 2023, Channahon, IL has a population of 14,000, which has increased by 9.7% over the past 5 years. Channahon, IL is a popular place for families, as children make up 25.3% of the population. The area has a moderately educated workforce, with 28.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,000 | 9.7% |
% Under 18 | 25.3% | -13.4% |
% Seniors | 12.6% | 2.4% |
% WFH | 8.9% | 169.7% |
% w/ College Degree | 28.9% | 1.8% |
As of the latest ACS Survey released in 2023, Channahon, IL is a predominantly white area, with 82.2% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Channahon, IL is hispanic, making up 14.0% of the population. Foreign-born residents account for 3.3% of the population in Channahon, IL, and this percentage has increased by 17.9% 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 | 82.2% | -5.4% |
% Black | 1.4% | 40.0% |
% Hispanic | 14.0% | 42.9% |
% Asian | 0.5% | 0.0% |
% Foreign Born | 3.3% | 17.9% |
Mortgage and Risk — Channahon, IL
According to HUD data as of 2023, there were 311 mortgage originations in Channahon, IL, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Channahon, IL. Investor activity is low, as 1.0% 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 | 311 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Channahon, IL
Channahon, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 32 |
Total Units Section 8 | 32 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,790 |
| 2 Bedroom | N/A | N/A | $2,110 |
| 3 Bedroom | $1,290 | $1,450 | $2,740 |
| 4 Bedroom | N/A | N/A | $3,070 |
Affordability — Channahon, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $373,000 |
| Median Household Income | $120,000 |