Markham, IL—60428
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Markham, IL
As of Oct '25, the median home price in Markham, IL is $147,000, with a year-over-year change of -2.5%. This indicates that home prices in Markham, 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 | $147,000 | -2.5% |
| Single Family | $147,000 | -1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $145,000 | -1.4% |
4 Bed | $188,000 | 1.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Markham, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Markham, IL is 64. This is a increase of 76.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $165,000 | -3.0% |
Listing Count | 94 | 66.0% |
| Listings as % of Homes | 1.6% | 66.0% |
Days on Market | 64 | 76.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Markham, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $147,000 |
| Median Household Income | $53,100 |