Hazel Crest, IL—60429
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hazel Crest, IL
As of Oct '25, the median home price in Hazel Crest, IL is $173,000, with a year-over-year change of -4.3%. This indicates that home prices in Hazel Crest, IL are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $173,000 | -4.3% |
| Single Family | $180,000 | -1.6% |
| Condos | $102,000 | -25.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $110,000 | -5.2% |
3 Bed | $173,000 | -1.7% |
4 Bed | $234,000 | -0.4% |
| 5 Bed | $250,000 | 0.4% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Hazel Crest, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Hazel Crest, IL is 41. This is a decrease of -16.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $190,000 | -11.0% |
Listing Count | 132 | 38.0% |
| Listings as % of Homes | 1.1% | 38.0% |
Days on Market | 41 | -16.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Hazel Crest, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $173,000 |
| Median Household Income | $62,200 |