Romeoville, IL—60446
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Romeoville, IL
As of Oct '25, the median home price in Romeoville, IL is $310,000, with a year-over-year change of 2.9%. This indicates that home prices in Romeoville, 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 | $310,000 | 2.9% |
| Single Family | $315,000 | 2.9% |
| Condos | $264,000 | 3.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $283,000 | 3.3% |
3 Bed | $300,000 | 3.1% |
4 Bed | $376,000 | 3.0% |
| 5 Bed | $404,000 | 2.0% |
% of Housing Stock
Rental Trends — Romeoville, IL
As of July '25, Rentcast reports the average rent in Romeoville, IL is $2,270, with a year-over-year rent change of 5.6%. Per bedroom, the median rent as of July '25 in Romeoville, IL is studios: $1,750, 1-bedrooms: $1,990, 2-bedrooms: $2,280, 3-bedrooms: $2,590, 4-bedrooms: $2,580. The most common rental property sizes in Romeoville, IL are 2-bedroom and 3-bedroom, accounting for 40.1% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,170 | $2,270 |
| Studio Rent | $1,700 | $1,750 |
| 1 Bed Rent | $2,030 | $1,990 |
| 2 Bed Rent | $2,180 | $2,280 |
| 3 Bed Rent | $2,500 | $2,590 |
| 4 Bed Rent | $2,400 | $2,580 |
% of Rental Stock
Property Listings — Romeoville, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Romeoville, IL is 28. This is a increase of 18.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $332,000 | 10.0% |
Listing Count | 79 | -5.0% |
| Listings as % of Homes | 0.5% | -5.0% |
Days on Market | 28 | 18.0% |
Demographics — Romeoville, IL
As of the latest ACS Survey released in 2023, Romeoville, IL has a population of 41,900, which has increased by 4.6% over the past 5 years. Romeoville, IL is a moderately popular place for families, as children make up 22.0% of the population. The area has a poorly educated workforce, with 22.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,900 | 4.6% |
% Under 18 | 22.0% | -16.0% |
% Seniors | 11.6% | 22.1% |
% WFH | 10.9% | 251.6% |
% w/ College Degree | 22.8% | -5.4% |
As of the latest ACS Survey released in 2023, Romeoville, IL is a predominantly white area, with 43.6% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Romeoville, IL is hispanic, making up 35.3% of the population. Foreign-born residents account for 20.1% of the population in Romeoville, IL, and this percentage has decreased by 9.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 43.6% | -8.0% |
% Black | 12.4% | 17.0% |
% Hispanic | 35.3% | 7.6% |
% Asian | 6.4% | -5.9% |
% Foreign Born | 20.1% | -9.5% |
Mortgage and Risk — Romeoville, IL
According to HUD data as of 2023, there were 545 mortgage originations in Romeoville, IL, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Romeoville, IL. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 545 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Romeoville, IL
As of 2024, the percent of homes in Romeoville, IL under the Section 8 program is 4.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Romeoville, IL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 112 |
Total Units Section 8 | 112 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $2,030 | $2,050 |
| 2 Bedroom | $130 | $2,180 | $2,310 |
| 3 Bedroom | $470 | $2,500 | $2,970 |
| 4 Bedroom | $1,090 | $2,400 | $3,490 |
Affordability — Romeoville, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $310,000 |
| Median Household Income | $99,500 |