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Lockport, IL—60441

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$347,000
2.8% YoY Growth
Household Income
$104,000
39.9% YoY Growth
Days on Market
51
2.0% Shorter YoY
Home Price Forecast
1.4%
Median Rent
$2,000
3.5% YoY Growth
1-Bed Rent
$1,800
17.6% YoY Growth
2-Bed Rent
$2,100
0.5% YoY Growth
3-Bed Rent
$2,500
18.3% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lockport, IL

As of Dec '25, the median home price in Lockport, IL is $347,000, with a year-over-year change of 2.8%. This indicates that home prices in Lockport, IL are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$347,0002.8%
Single Family $353,0002.9%
Condos $267,0006.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$287,0004.4%
    3 Bed
    		$330,0003.4%
    4 Bed
    		$472,0004.0%
    5 Bed $500,6743.5%
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    % of Housing Stock

    Studio
    0.8%
    1 Bedroom
    4.3%
    2 Bedrooms
    24.2%
    3 Bedrooms
    42.5%
    4 Bedrooms
    22.3%
    5+ Bedrooms
    5.9%

    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.

    TypeMedian RentAverage 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/AN/A
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    % of Rental Stock

    Studio
    2.5%
    1 Bedroom
    18.7%
    2 Bedrooms
    32.7%
    3 Bedrooms
    37.8%
    4 Bedrooms
    5.4%
    5+ Bedrooms
    2.9%

    Property Listings — Lockport, IL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Lockport, IL is 34. 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 23.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$362,000-4.0%
    Listing Count
    		78-2.0%
    Listings as % of Homes0.9%-2.0%
    Days on Market
    		51-2.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		36,8004.0%
    % Under 18
    		22.5%-7.4%
    % Seniors
    		12.5%12.6%
    % WFH
    		11.3%197.4%
    % w/ College Degree
    		35.5%26.3%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$130$1,800$1,670
    2 Bedroom-$210$2,100$1,890
    3 Bedroom-$70$2,500$2,430
    4 BedroomN/AN/A$2,850

    Affordability — Lockport, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.9
    Median Home Price$347,000
    Median Household Income$104,000

    Lockport, IL — ZIP Code Boundary Map

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    Frequently Asked Questions