Hazel Crest, IL 60429 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Hazel Crest, IL—60429

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$172,000

3.8% YoY Growth

Household Income

$62,200

20.3% YoY Growth

Days on Market

3.0% Longer YoY

Home Price Forecast

1.7%

Median Rent

$2,780

28.4% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,980

0.0% YoY Growth

3-Bed Rent

$2,500

24.3% YoY Growth

Home Price Trends — Hazel Crest, IL

As of Dec '25, the median home price in Hazel Crest, IL is $172,000, with a year-over-year change of -3.8%. This indicates that home prices in Hazel Crest, IL are decreasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$172,000	-3.8%
Single Family	$178,000	-1.1%
Condos	$101,000	-25.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Hazel Crest, IL

As of July '25, Rentcast reports the average rent in Hazel Crest, IL is $2,710, with a year-over-year rent change of 28.4%. Per bedroom, the median rent as of July '25 in Hazel Crest, IL is 2-bedrooms: $1,980, 3-bedrooms: $2,610, 4-bedrooms: $2,980. The most common rental property sizes in Hazel Crest, IL are 3-bedroom and 2-bedroom, accounting for 33.3% and 26.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,780	$2,710
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,980	$1,980
3 Bed Rent	$2,500	$2,610
4 Bed Rent	$3,020	$2,980

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% of Rental Stock

Studio

3.5%

1 Bedroom

19.4%

2 Bedrooms

26.8%

3 Bedrooms

33.3%

4 Bedrooms

13.4%

5+ Bedrooms

3.6%

Property Listings — Hazel Crest, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Hazel Crest, IL is 43. This is a decrease of -15.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$191,000	-13.0%
Listing Count	122	46.0%
Listings as % of Homes	1.1%	46.0%
Days on Market	65	3.0%

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Demographics — Hazel Crest, IL

As of the latest ACS Survey released in 2023, Hazel Crest, IL has a population of 14,600, which has decreased by -5.1% over the past 5 years. Hazel Crest, IL is a popular place for families, as children make up 28.2% of the population. The area has a poorly educated workforce, with 23.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	14,600	-5.1%
% Under 18	28.2%	17.0%
% Seniors	17.9%	15.5%
% WFH	12.6%	117.2%
% w/ College Degree	23.5%	-13.3%

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As of the latest ACS Survey released in 2023, Hazel Crest, IL is a predominantly black area, with 83.4% of the population identifying as black. The black population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Hazel Crest, IL is white, making up 7.5% of the population. Foreign-born residents account for 4.8% of the population in Hazel Crest, IL, and this percentage has increased by 20.0% 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	7.5%	-27.2%
% Black	83.4%	-1.0%
% Hispanic	6.7%	31.4%
% Asian	0.2%	0.0%
% Foreign Born	4.8%	20.0%

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Mortgage and Risk — Hazel Crest, IL

According to HUD data as of 2023, there were 242 mortgage originations in Hazel Crest, IL, of which 54.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 56.0% above 90% LTV (very high). This implies large mortgage risk in Hazel Crest, IL. Investor activity is low, as 4.0% 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	242
% Conventional Loans	54.0%
% Government Loans	46.0%
% Investor Loans	4.0%
% Second Loans	0.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Hazel Crest, IL

Hazel Crest, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	603
Total Units Section 8	603
% Rentals under Section 8	40.1%
% Occupied Section 8	91.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,670
2 Bedroom	-$90	$1,980	$1,890
3 Bedroom	-$70	$2,500	$2,430
4 Bedroom	-$170	$3,020	$2,850

Hazel Crest, IL—60429

Key Metrics at a Glance

Home Price Trends — Hazel Crest, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hazel Crest, IL

% of Rental Stock

Property Listings — Hazel Crest, IL

Demographics — Hazel Crest, IL

Race and Ethnicity

Mortgage and Risk — Hazel Crest, IL

Mortgages

Rentals and Section 8 — Hazel Crest, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Hazel Crest, IL

Home Price to Income Ratio

Hazel Crest, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Markham, IL

Homewood, IL

Flossmoor, IL

Harvey, IL

Posen, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$172,000
Median Household Income	$62,200

Hazel Crest, IL—60429

Key Metrics at a Glance

Home Price Trends — Hazel Crest, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hazel Crest, IL

% of Rental Stock

Property Listings — Hazel Crest, IL

Demographics — Hazel Crest, IL

Race and Ethnicity

Mortgage and Risk — Hazel Crest, IL

Mortgages

Rentals and Section 8 — Hazel Crest, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Hazel Crest, IL

Home Price to Income Ratio

Hazel Crest, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Markham, IL

Homewood, IL

Flossmoor, IL

Harvey, IL

Posen, IL

Frequently Asked Questions

What is the average home price in Hazel Crest, IL 60429?

How have home prices in Hazel Crest, IL 60429 changed over the past year?

What is the home price projection for Hazel Crest, IL 60429?

What are the demographics of Hazel Crest, IL 60429?

How long does it take homes to sell in Hazel Crest, IL 60429?

What is the average rent price in Hazel Crest, IL 60429?