Mokena, IL—60448
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mokena, IL
As of Oct '25, the median home price in Mokena, IL is $434,000, with a year-over-year change of 4.1%. This indicates that home prices in Mokena, IL are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $434,000 | 4.1% |
| Single Family | $444,000 | 4.5% |
| Condos | $232,000 | 5.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $305,000 | 3.7% |
3 Bed | $374,000 | 5.1% |
4 Bed | $522,000 | 4.2% |
| 5 Bed | $642,000 | 2.6% |
% of Housing Stock
Rental Trends — Mokena, IL
As of July '25, Rentcast reports the average rent in Mokena, IL is $2,380, with a year-over-year rent change of 4.4%. Per bedroom, the median rent as of July '25 in Mokena, IL is 1-bedrooms: $1,600, 2-bedrooms: $2,000, 3-bedrooms: $2,620, 4-bedrooms: $3,500. The most common rental property sizes in Mokena, IL are 2-bedroom and 1-bedroom, accounting for 40.0% and 24.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,380 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,600 |
| 2 Bed Rent | $1,900 | $2,000 |
| 3 Bed Rent | $2,700 | $2,620 |
| 4 Bed Rent | $3,500 | $3,500 |
% of Rental Stock
Property Listings — Mokena, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Mokena, IL is 38. This is a increase of 7.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $597,000 | 10.0% |
Listing Count | 63 | -11.0% |
| Listings as % of Homes | 0.5% | -11.0% |
Days on Market | 38 | 7.0% |
Demographics — Mokena, IL
As of the latest ACS Survey released in 2023, Mokena, IL has a population of 24,600, which has decreased by -7.8% over the past 5 years. Mokena, IL is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 42.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,600 | -7.8% |
% Under 18 | 22.3% | -9.7% |
% Seniors | 15.9% | 27.2% |
% WFH | 14.9% | 282.1% |
% w/ College Degree | 42.6% | -2.3% |
As of the latest ACS Survey released in 2023, Mokena, IL is a predominantly white area, with 87.1% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Mokena, IL is hispanic, making up 8.5% of the population. Foreign-born residents account for 3.1% of the population in Mokena, IL, and this percentage has decreased by 35.4% 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 | 87.1% | -3.3% |
% Black | 1.3% | 30.0% |
% Hispanic | 8.5% | 51.8% |
% Asian | 1.0% | -50.0% |
% Foreign Born | 3.1% | -35.4% |
Mortgage and Risk — Mokena, IL
According to HUD data as of 2023, there were 398 mortgage originations in Mokena, IL, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Mokena, IL. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 398 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Mokena, IL
As of 2024, the percent of homes in Mokena, IL under the Section 8 program is 0.3%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Mokena, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $1,600 | $1,610 |
| 2 Bedroom | -$80 | $1,900 | $1,820 |
| 3 Bedroom | -$360 | $2,700 | $2,340 |
| 4 Bedroom | -$750 | $3,500 | $2,750 |
Affordability — Mokena, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $434,000 |
| Median Household Income | $126,000 |