Flossmoor, IL—60422
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Flossmoor, IL
As of Oct '25, the median home price in Flossmoor, IL is $322,000, with a year-over-year change of 2.2%. This indicates that home prices in Flossmoor, IL are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $322,000 | 2.2% |
| Single Family | $335,000 | 2.4% |
| Condos | $184,000 | -6.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $206,000 | 1.5% |
3 Bed | $275,000 | 1.5% |
4 Bed | $360,000 | 2.3% |
| 5 Bed | $434,000 | 2.8% |
% of Housing Stock
Rental Trends — Flossmoor, IL
As of July '25, Rentcast reports the average rent in Flossmoor, IL is $2,860, with a year-over-year rent change of 0.4%. Per bedroom, the median rent as of July '25 in Flossmoor, IL is 1-bedrooms: $1,600, 3-bedrooms: $3,340. The most common rental property sizes in Flossmoor, IL are 3-bedroom and 2-bedroom, accounting for 34.0% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,270 | $2,860 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,600 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,270 | $3,340 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Flossmoor, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Flossmoor, IL is 57. This is a increase of 31.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $304,000 | -11.0% |
Listing Count | 63 | 28.0% |
| Listings as % of Homes | 0.9% | 28.0% |
Days on Market | 57 | 31.0% |
Demographics — Flossmoor, IL
As of the latest ACS Survey released in 2023, Flossmoor, IL has a population of 9,880, which has increased by 1.2% over the past 5 years. Flossmoor, IL is a moderately popular place for families, as children make up 23.6% of the population. The area has a highly educated workforce, with 66.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 33.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,880 | 1.2% |
% Under 18 | 23.6% | -2.1% |
% Seniors | 20.4% | -3.3% |
% WFH | 33.9% | 202.7% |
% w/ College Degree | 66.5% | 9.4% |
As of the latest ACS Survey released in 2023, Flossmoor, IL is a predominantly black area, with 63.1% of the population identifying as black. The black population has grown by 5.7% in the last 5 years. The second most common race or ethnicity in Flossmoor, IL is white, making up 27.7% of the population. Foreign-born residents account for 5.1% of the population in Flossmoor, IL, and this percentage has decreased by 17.7% 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 | 27.7% | -24.7% |
% Black | 63.1% | 5.7% |
% Hispanic | 4.8% | 33.3% |
% Asian | 1.7% | 70.0% |
% Foreign Born | 5.1% | -17.7% |
Mortgage and Risk — Flossmoor, IL
According to HUD data as of 2023, there were 233 mortgage originations in Flossmoor, IL, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Flossmoor, 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 | 233 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Flossmoor, IL
Flossmoor, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 62 |
Total Units Section 8 | 62 |
% Rentals under Section 8 | 36.0% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $740 | $1,600 | $2,340 |
| 2 Bedroom | N/A | N/A | $2,640 |
| 3 Bedroom | $120 | $3,270 | $3,390 |
| 4 Bedroom | N/A | N/A | $3,980 |
Affordability — Flossmoor, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $322,000 |
| Median Household Income | $135,000 |