Markham, IL 60428 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Markham, IL—60428

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$147,000

1.9% YoY Growth

Household Income

$53,100

36.1% YoY Growth

Days on Market

36.0% Longer YoY

Home Price Forecast

2.0%

Median Rent

$2,350

9.3% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$2,350

11.2% YoY Growth

Home Price Trends — Markham, IL

As of Dec '25, the median home price in Markham, IL is $147,000, with a year-over-year change of -1.9%. This indicates that home prices in Markham, IL are decreasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$147,000	-1.9%
Single Family	$147,000	-1.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Markham, IL

As of July '25, Rentcast reports the average rent in Markham, IL is $2,470, with a year-over-year rent change of 9.3%. Per bedroom, the median rent as of July '25 in Markham, IL is 3-bedrooms: $2,380, 4-bedrooms: $2,340. The most common rental property sizes in Markham, IL are 3-bedroom and 2-bedroom, accounting for 73.6% and 8.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,350	$2,470
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$2,350	$2,380
4 Bed Rent	$2,250	$2,340

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% of Rental Stock

Studio

3.2%

1 Bedroom

3.2%

2 Bedrooms

8.5%

3 Bedrooms

73.6%

4 Bedrooms

5.3%

5+ Bedrooms

6.2%

Property Listings — Markham, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Markham, IL is 61. This is a increase of 54.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$166,000	-8.0%
Listing Count	74	35.0%
Listings as % of Homes	1.6%	35.0%
Days on Market	59	36.0%

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Demographics — Markham, IL

As of the latest ACS Survey released in 2023, Markham, IL has a population of 11,000, which has decreased by -10.5% over the past 5 years. Markham, IL is a popular place for families, as children make up 28.6% of the population. The area has a poorly educated workforce, with 16.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	11,000	-10.5%
% Under 18	28.6%	-1.0%
% Seniors	15.3%	-1.9%
% WFH	11.4%	142.6%
% w/ College Degree	16.1%	4.5%

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As of the latest ACS Survey released in 2023, Markham, IL is a predominantly black area, with 69.0% of the population identifying as black. The black population has shrunk by 13.5% in the last 5 years. The second most common race or ethnicity in Markham, IL is hispanic, making up 16.8% of the population. Foreign-born residents account for 8.0% of the population in Markham, IL, and this percentage has increased by 86.0% 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	11.4%	26.7%
% Black	69.0%	-13.5%
% Hispanic	16.8%	76.8%
% Asian	0.3%	-62.5%
% Foreign Born	8.0%	86.0%

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Mortgage and Risk — Markham, IL

According to HUD data as of 2023, there were 161 mortgage originations in Markham, IL, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 55.0% above 90% LTV (very high). This implies large mortgage risk in Markham, IL. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	161
% Conventional Loans	63.0%
% Government Loans	37.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Markham, IL

Markham, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	527
Total Units Section 8	525
% Rentals under Section 8	54.2%
% Occupied Section 8	91.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,810
2 Bedroom	N/A	N/A	$2,040
3 Bedroom	$270	$2,350	$2,620
4 Bedroom	$830	$2,250	$3,080

Markham, IL—60428

Key Metrics at a Glance

Home Price Trends — Markham, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Markham, IL

% of Rental Stock

Property Listings — Markham, IL

Demographics — Markham, IL

Race and Ethnicity

Mortgage and Risk — Markham, IL

Mortgages

Rentals and Section 8 — Markham, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Markham, IL

Home Price to Income Ratio

Markham, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Hazel Crest, IL

Posen, IL

Harvey, IL

Robbins, IL

Homewood, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$147,000
Median Household Income	$53,100

Markham, IL—60428

Key Metrics at a Glance

Home Price Trends — Markham, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Markham, IL

% of Rental Stock

Property Listings — Markham, IL

Demographics — Markham, IL

Race and Ethnicity

Mortgage and Risk — Markham, IL

Mortgages

Rentals and Section 8 — Markham, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Markham, IL

Home Price to Income Ratio

Markham, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Hazel Crest, IL

Posen, IL

Harvey, IL

Robbins, IL

Homewood, IL

Frequently Asked Questions

What is the average home price in Markham, IL 60428?

How have home prices in Markham, IL 60428 changed over the past year?

What is the home price projection for Markham, IL 60428?

What are the demographics of Markham, IL 60428?

How long does it take homes to sell in Markham, IL 60428?

What is the average rent price in Markham, IL 60428?