Romeoville, IL 60446 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Romeoville, IL—60446

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$322,000

2.7% YoY Growth

Household Income

$99,500

29.0% YoY Growth

Days on Market

75.0% Longer YoY

Home Price Forecast

0.4%

Median Rent

$2,170

5.6% YoY Growth

1-Bed Rent

$2,030

23.6% YoY Growth

2-Bed Rent

$2,180

4.1% YoY Growth

3-Bed Rent

$2,500

11.2% YoY Growth

Home Price Trends — Romeoville, IL

As of May '26, the median home price in Romeoville, IL is $322,000, with a year-over-year change of 2.7%. This indicates that home prices in Romeoville, IL are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$322,000	2.7%
Single Family	$326,000	2.5%
Condos	$270,000	3.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

3.6%

1 Bedroom

21.0%

2 Bedrooms

40.1%

3 Bedrooms

30.3%

4 Bedrooms

5.0%

Property Listings — Romeoville, IL

As of May '26, Realtor.com reports that the median days on market for a home in Romeoville, IL is 28. This is a increase of 75.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$325,000	7.0%
Listing Count	84	10.0%
Listings as % of Homes	0.5%	10.0%
Days on Market	28	75.0%

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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%

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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%

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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%

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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

Romeoville, IL—60446

Key Metrics at a Glance

Home Price Trends — Romeoville, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Romeoville, IL

% of Rental Stock

Property Listings — Romeoville, IL

Demographics — Romeoville, IL

Race and Ethnicity

Mortgage and Risk — Romeoville, IL

Mortgages

Rentals and Section 8 — Romeoville, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Romeoville, IL

Home Price to Income Ratio

Romeoville, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Bolingbrook, IL

Lockport, IL

Crest Hill, IL

Bolingbrook, IL

Joliet, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$322,000
Median Household Income	$99,500

Romeoville, IL—60446

Key Metrics at a Glance

Home Price Trends — Romeoville, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Romeoville, IL

% of Rental Stock

Property Listings — Romeoville, IL

Demographics — Romeoville, IL

Race and Ethnicity

Mortgage and Risk — Romeoville, IL

Mortgages

Rentals and Section 8 — Romeoville, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Romeoville, IL

Home Price to Income Ratio

Romeoville, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Bolingbrook, IL

Lockport, IL

Crest Hill, IL

Bolingbrook, IL

Joliet, IL

Frequently Asked Questions

What is the average home price in Romeoville, IL 60446?

How have home prices in Romeoville, IL 60446 changed over the past year?

What is the home price projection for Romeoville, IL 60446?

What are the demographics of Romeoville, IL 60446?

How long does it take homes to sell in Romeoville, IL 60446?

What is the average rent price in Romeoville, IL 60446?