Coal City, IL 60416 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Coal City, IL—60416

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$279,000

3.7% YoY Growth

Household Income

$71,900

1.9% YoY Growth

Days on Market

27.0% Longer YoY

Home Price Forecast

1.3%

Median Rent

$1,200

72.0% YoY Growth

1-Bed Rent

$1,150

13.0% YoY Growth

2-Bed Rent

$1,200

N/A

3-Bed Rent

$2,100

N/A

Home Price Trends — Coal City, IL

As of Dec '25, the median home price in Coal City, IL is $279,000, with a year-over-year change of 3.7%. This indicates that home prices in Coal City, IL are increasing. 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	$279,000	3.7%
Single Family	$285,000	3.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Coal City, IL

As of July '25, Rentcast reports the average rent in Coal City, IL is $1,720, with a year-over-year rent change of 72.0%. Per bedroom, the median rent as of July '25 in Coal City, IL is 1-bedrooms: $1,130, 2-bedrooms: $1,220, 3-bedrooms: $2,800. The most common rental property sizes in Coal City, IL are 2-bedroom and 3-bedroom, accounting for 65.7% and 13.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,200	$1,720
Studio Rent	N/A	N/A
1 Bed Rent	$1,150	$1,130
2 Bed Rent	$1,200	$1,220
3 Bed Rent	$2,100	$2,800
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

11.5%

2 Bedrooms

65.7%

3 Bedrooms

13.0%

4 Bedrooms

9.7%

Property Listings — Coal City, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Coal City, IL is 42. This is a increase of 12.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$384,000	49.0%
Listing Count	24	35.0%
Listings as % of Homes	0.7%	35.0%
Days on Market	62	27.0%

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Demographics — Coal City, IL

As of the latest ACS Survey released in 2023, Coal City, IL has a population of 9,280, which has increased by 1.2% over the past 5 years. Coal City, IL is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 19.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,280	1.2%
% Under 18	24.2%	-5.8%
% Seniors	18.9%	78.3%
% WFH	11.5%	379.2%
% w/ College Degree	19.7%	10.7%

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As of the latest ACS Survey released in 2023, Coal City, IL is a predominantly white area, with 90.7% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Coal City, IL is hispanic, making up 6.9% of the population. Foreign-born residents account for 2.0% of the population in Coal City, IL, and this percentage has increased by 17.6% 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	90.7%	-1.3%
% Black	0.5%	-54.5%
% Hispanic	6.9%	43.8%
% Asian	0.1%	-83.3%
% Foreign Born	2.0%	17.6%

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Mortgage and Risk — Coal City, IL

According to HUD data as of 2023, there were 217 mortgage originations in Coal City, IL, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Coal City, IL. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	217
% Conventional Loans	82.0%
% Government Loans	18.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Coal City, IL

Coal City, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	28
Total Units Section 8	28
% Rentals under Section 8	2.7%
% Occupied Section 8	86.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$40	$1,150	$1,110
2 Bedroom	$260	$1,200	$1,460
3 Bedroom	-$170	$2,100	$1,930
4 Bedroom	N/A	N/A	$1,940

Coal City, IL—60416

Key Metrics at a Glance

Home Price Trends — Coal City, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Coal City, IL

% of Rental Stock

Property Listings — Coal City, IL

Demographics — Coal City, IL

Race and Ethnicity

Mortgage and Risk — Coal City, IL

Mortgages

Rentals and Section 8 — Coal City, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Coal City, IL

Home Price to Income Ratio

Coal City, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Braceville, IL

Braidwood, IL

East Brooklyn

Mazon, IL

Gardner, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$279,000
Median Household Income	$71,900

Coal City, IL—60416

Key Metrics at a Glance

Home Price Trends — Coal City, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Coal City, IL

% of Rental Stock

Property Listings — Coal City, IL

Demographics — Coal City, IL

Race and Ethnicity

Mortgage and Risk — Coal City, IL

Mortgages

Rentals and Section 8 — Coal City, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Coal City, IL

Home Price to Income Ratio

Coal City, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Braceville, IL

Braidwood, IL

East Brooklyn

Mazon, IL

Gardner, IL

Frequently Asked Questions

What is the average home price in Coal City, IL 60416?

How have home prices in Coal City, IL 60416 changed over the past year?

What is the home price projection for Coal City, IL 60416?

What are the demographics of Coal City, IL 60416?

How long does it take homes to sell in Coal City, IL 60416?

What is the average rent price in Coal City, IL 60416?