Monee, IL—60449
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monee, IL
As of Oct '25, the median home price in Monee, IL is $334,000, with a year-over-year change of 2.1%. This indicates that home prices in Monee, IL are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $334,000 | 2.1% |
| Single Family | $337,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $298,000 | 1.7% |
4 Bed | $393,000 | 2.1% |
| 5 Bed | $584,000 | 3.2% |
% of Housing Stock
Rental Trends — Monee, IL
As of July '25, Rentcast reports the average rent in Monee, IL is $2,290, with a year-over-year rent change of -10.2%. Per bedroom, the median rent as of July '25 in Monee, IL is 2-bedrooms: $1,790, 3-bedrooms: $2,050, 4-bedrooms: $4,000. The most common rental property sizes in Monee, IL are 4-bedroom and 2-bedroom, accounting for 31.8% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,920 | $2,290 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,790 | $1,790 |
| 3 Bed Rent | $1,880 | $2,050 |
| 4 Bed Rent | $3,310 | $4,000 |
% of Rental Stock
Property Listings — Monee, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Monee, IL is 47. This is a increase of 21.0% 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 | $371,000 | 6.0% |
Listing Count | 44 | 4.0% |
| Listings as % of Homes | 1.1% | 4.0% |
Days on Market | 47 | 21.0% |
Demographics — Monee, IL
As of the latest ACS Survey released in 2023, Monee, IL has a population of 9,610, which has increased by 2.2% over the past 5 years. Monee, IL is a moderately popular place for families, as children make up 15.0% of the population. The area has a moderately educated workforce, with 30.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,610 | 2.2% |
% Under 18 | 15.0% | -23.1% |
% Seniors | 14.3% | -18.8% |
% WFH | 9.4% | 27.0% |
% w/ College Degree | 30.6% | 24.9% |
As of the latest ACS Survey released in 2023, Monee, IL is a predominantly white area, with 55.4% of the population identifying as white. The white population has shrunk by 23.7% in the last 5 years. The second most common race or ethnicity in Monee, IL is black, making up 28.9% of the population. Foreign-born residents account for 9.0% of the population in Monee, IL, and this percentage has increased by 34.3% 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 | 55.4% | -23.7% |
% Black | 28.9% | 88.9% |
% Hispanic | 9.9% | 17.9% |
% Asian | 2.0% | -25.9% |
% Foreign Born | 9.0% | 34.3% |
Mortgage and Risk — Monee, IL
According to HUD data as of 2023, there were 205 mortgage originations in Monee, IL, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Monee, IL. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 205 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Monee, IL
Monee, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 2.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,280 |
| 2 Bedroom | -$350 | $1,790 | $1,440 |
| 3 Bedroom | -$30 | $1,880 | $1,850 |
| 4 Bedroom | -$1,140 | $3,310 | $2,170 |
Affordability — Monee, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $334,000 |
| Median Household Income | $102,000 |