Lockport, IL—60441
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lockport, IL
As of Oct '25, the median home price in Lockport, IL is $349,000, with a year-over-year change of 2.5%. This indicates that home prices in Lockport, IL are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $349,000 | 2.5% |
| Single Family | $356,000 | 2.9% |
| Condos | $269,000 | 5.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $289,000 | 4.3% |
3 Bed | $332,000 | 3.4% |
4 Bed | $476,000 | 3.7% |
| 5 Bed | $506,000 | 3.3% |
% of Housing Stock
Rental Trends — Lockport, IL
As of July '25, Rentcast reports the average rent in Lockport, IL is $2,070, with a year-over-year rent change of 3.5%. Per bedroom, the median rent as of July '25 in Lockport, IL is studios: $1,750, 1-bedrooms: $1,740, 2-bedrooms: $2,070, 3-bedrooms: $2,590. The most common rental property sizes in Lockport, IL are 3-bedroom and 2-bedroom, accounting for 37.8% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,070 |
| Studio Rent | $1,750 | $1,750 |
| 1 Bed Rent | $1,800 | $1,740 |
| 2 Bed Rent | $2,100 | $2,070 |
| 3 Bed Rent | $2,500 | $2,590 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lockport, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lockport, IL is 28. 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 | $396,000 | -2.0% |
Listing Count | 111 | 2.0% |
| Listings as % of Homes | 0.9% | 2.0% |
Days on Market | 28 | -16.0% |
Demographics — Lockport, IL
As of the latest ACS Survey released in 2023, Lockport, IL has a population of 36,800, which has increased by 4.0% over the past 5 years. Lockport, IL is a moderately popular place for families, as children make up 22.5% of the population. The area has a moderately educated workforce, with 35.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,800 | 4.0% |
% Under 18 | 22.5% | -7.4% |
% Seniors | 12.5% | 12.6% |
% WFH | 11.3% | 197.4% |
% w/ College Degree | 35.5% | 26.3% |
As of the latest ACS Survey released in 2023, Lockport, IL is a predominantly white area, with 76.2% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Lockport, IL is hispanic, making up 12.0% of the population. Foreign-born residents account for 7.2% of the population in Lockport, IL, and this percentage has increased by 9.1% 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 | 76.2% | -4.5% |
% Black | 6.9% | -14.8% |
% Hispanic | 12.0% | 27.7% |
% Asian | 0.8% | -50.0% |
% Foreign Born | 7.2% | 9.1% |
Mortgage and Risk — Lockport, IL
According to HUD data as of 2023, there were 786 mortgage originations in Lockport, IL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Lockport, IL. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 786 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Lockport, IL
Lockport, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 39 |
Total Units Section 8 | 18 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$130 | $1,800 | $1,670 |
| 2 Bedroom | -$210 | $2,100 | $1,890 |
| 3 Bedroom | -$70 | $2,500 | $2,430 |
| 4 Bedroom | N/A | N/A | $2,850 |
Affordability — Lockport, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $349,000 |
| Median Household Income | $104,000 |