Chicago Heights, IL—60411
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chicago Heights, IL
As of Oct '25, the median home price in Chicago Heights, IL is $169,000, with a year-over-year change of -1.9%. This indicates that home prices in Chicago Heights, IL are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $169,000 | -1.9% |
| Single Family | $171,000 | -1.7% |
| Condos | $130,000 | -11.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $116,000 | -1.7% |
3 Bed | $171,000 | -1.2% |
4 Bed | $223,000 | -1.8% |
| 5 Bed | $254,000 | -1.2% |
% of Housing Stock
Rental Trends — Chicago Heights, IL
As of July '25, Rentcast reports the average rent in Chicago Heights, IL is $1,680, with a year-over-year rent change of 0.6%. Per bedroom, the median rent as of July '25 in Chicago Heights, IL is studios: $950, 1-bedrooms: $1,100, 2-bedrooms: $1,490, 3-bedrooms: $1,860, 4-bedrooms: $2,000. The most common rental property sizes in Chicago Heights, IL are 3-bedroom and 2-bedroom, accounting for 43.1% and 23.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,680 |
| Studio Rent | $950 | $950 |
| 1 Bed Rent | $1,050 | $1,100 |
| 2 Bed Rent | $1,300 | $1,490 |
| 3 Bed Rent | $1,800 | $1,860 |
| 4 Bed Rent | $2,000 | $2,000 |
% of Rental Stock
Property Listings — Chicago Heights, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Chicago Heights, IL is 54. This is a increase of 39.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $208,000 | 7.0% |
Listing Count | 227 | 22.0% |
| Listings as % of Homes | 1.0% | 22.0% |
Days on Market | 54 | 39.0% |
Demographics — Chicago Heights, IL
As of the latest ACS Survey released in 2023, Chicago Heights, IL has a population of 52,400, which has decreased by -9.4% over the past 5 years. Chicago Heights, IL is a popular place for families, as children make up 25.9% of the population. The area has a poorly educated workforce, with 22.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 52,400 | -9.4% |
% Under 18 | 25.9% | -3.7% |
% Seniors | 14.4% | 14.3% |
% WFH | 6.9% | 56.8% |
% w/ College Degree | 22.4% | 34.9% |
As of the latest ACS Survey released in 2023, Chicago Heights, IL is a predominantly black area, with 49.6% of the population identifying as black. The black population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Chicago Heights, IL is hispanic, making up 26.0% of the population. Foreign-born residents account for 11.7% of the population in Chicago Heights, IL, and this percentage has increased by 7.3% 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 | 19.0% | -7.3% |
% Black | 49.6% | -2.7% |
% Hispanic | 26.0% | -1.9% |
% Asian | 0.3% | -25.0% |
% Foreign Born | 11.7% | 7.3% |
Mortgage and Risk — Chicago Heights, IL
According to HUD data as of 2023, there were 786 mortgage originations in Chicago Heights, IL, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 55.0% above 90% LTV (very high). This implies large mortgage risk in Chicago Heights, IL. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 786 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Chicago Heights, IL
As of 2024, the percent of homes in Chicago Heights, IL under the Section 8 program is 21.2%. 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. In Chicago Heights, IL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,478 |
Total Units Section 8 | 1,363 |
% Rentals under Section 8 | 21.2% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $1,050 | $1,250 |
| 2 Bedroom | $110 | $1,300 | $1,410 |
| 3 Bedroom | $10 | $1,800 | $1,810 |
| 4 Bedroom | $130 | $2,000 | $2,130 |
Affordability — Chicago Heights, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $169,000 |
| Median Household Income | $56,600 |