Midlothian, IL—60445
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Midlothian, IL
As of Oct '25, the median home price in Midlothian, IL is $219,000, with a year-over-year change of -3.2%. This indicates that home prices in Midlothian, IL are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $219,000 | -3.2% |
| Single Family | $253,000 | 2.0% |
| Condos | $152,000 | -1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $168,000 | -0.6% |
3 Bed | $255,000 | 2.4% |
4 Bed | $287,000 | 0.7% |
| 5 Bed | $329,000 | 0.3% |
% of Housing Stock
Rental Trends — Midlothian, IL
As of July '25, Rentcast reports the average rent in Midlothian, IL is $1,790, with a year-over-year rent change of -2.2%. Per bedroom, the median rent as of July '25 in Midlothian, IL is 1-bedrooms: $1,200, 2-bedrooms: $1,550, 3-bedrooms: $2,060. The most common rental property sizes in Midlothian, IL are 1-bedroom and 2-bedroom, accounting for 42.8% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,790 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,200 |
| 2 Bed Rent | $1,600 | $1,550 |
| 3 Bed Rent | $2,000 | $2,060 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Midlothian, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Midlothian, IL is 33. This is a increase of 59.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $247,000 | -2.0% |
Listing Count | 56 | 52.0% |
| Listings as % of Homes | 0.7% | 52.0% |
Days on Market | 33 | 59.0% |
Demographics — Midlothian, IL
As of the latest ACS Survey released in 2023, Midlothian, IL has a population of 14,400, which has decreased by -44.3% over the past 5 years. Midlothian, IL is a moderately popular place for families, as children make up 22.2% of the population. The area has a poorly educated workforce, with 18.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,400 | -44.3% |
% Under 18 | 22.2% | 20.0% |
% Seniors | 17.2% | -6.0% |
% WFH | 8.3% | 144.1% |
% w/ College Degree | 18.9% | 4.4% |
As of the latest ACS Survey released in 2023, Midlothian, IL is a predominantly white area, with 49.8% of the population identifying as white. The white population has shrunk by 29.8% in the last 5 years. The second most common race or ethnicity in Midlothian, IL is hispanic, making up 31.9% of the population. Foreign-born residents account for 13.3% of the population in Midlothian, IL, and this percentage has increased by 54.7% 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 | 49.8% | -29.8% |
% Black | 8.8% | 22.2% |
% Hispanic | 31.9% | 80.2% |
% Asian | 3.4% | 41.7% |
% Foreign Born | 13.3% | 54.7% |
Mortgage and Risk — Midlothian, IL
According to HUD data as of 2023, there were 255 mortgage originations in Midlothian, IL, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Midlothian, IL. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 255 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Midlothian, IL
Midlothian, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 131 |
Total Units Section 8 | 123 |
% Rentals under Section 8 | 7.9% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,200 | $1,300 |
| 2 Bedroom | -$130 | $1,600 | $1,470 |
| 3 Bedroom | -$110 | $2,000 | $1,890 |
| 4 Bedroom | N/A | N/A | $2,220 |
Affordability — Midlothian, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $219,000 |
| Median Household Income | $68,400 |