Hometown, IL 60456 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Hometown, IL—60456

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$206,000

3.3% YoY Growth

Household Income

$59,300

20.1% YoY Growth

Days on Market

36.0% Shorter YoY

Home Price Forecast

1.6%

Median Rent

$1,850

25.5% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,550

13.7% YoY Growth

3-Bed Rent

$1,850

N/A

Home Price Trends — Hometown, IL

As of Dec '25, the median home price in Hometown, IL is $206,000, with a year-over-year change of 3.3%. This indicates that home prices in Hometown, IL are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$206,000	3.3%
Single Family	$209,000	3.5%
Condos	$189,000	1.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Hometown, IL

As of July '25, Rentcast reports the average rent in Hometown, IL is $1,920, with a year-over-year rent change of 25.5%. Per bedroom, the median rent as of July '25 in Hometown, IL is 2-bedrooms: $1,740, 3-bedrooms: $2,100. The most common rental property sizes in Hometown, IL are 2-bedroom and 3-bedroom, accounting for 77.2% and 21.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,850	$1,920
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,550	$1,740
3 Bed Rent	$1,850	$2,100
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

1.7%

2 Bedrooms

77.2%

3 Bedrooms

21.0%

Property Listings — Hometown, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Hometown, IL is 39. This is a decrease of -33.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$220,000	25.0%
Listing Count	10	27.0%
Listings as % of Homes	0.6%	27.0%
Days on Market	39	-36.0%

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Demographics — Hometown, IL

As of the latest ACS Survey released in 2023, Hometown, IL has a population of 4,240, which has decreased by -1.5% over the past 5 years. Hometown, IL is a moderately popular place for families, as children make up 19.2% of the population. The area has a poorly educated workforce, with 19.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	4,240	-1.5%
% Under 18	19.2%	-9.9%
% Seniors	17.0%	13.3%
% WFH	6.0%	445.5%
% w/ College Degree	19.8%	31.1%

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As of the latest ACS Survey released in 2023, Hometown, IL is a predominantly white area, with 62.5% of the population identifying as white. The white population has shrunk by 21.2% in the last 5 years. The second most common race or ethnicity in Hometown, IL is hispanic, making up 32.3% of the population. Foreign-born residents account for 10.2% of the population in Hometown, IL, and this percentage has increased by 45.7% 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	62.5%	-21.2%
% Black	0.7%	-41.7%
% Hispanic	32.3%	99.4%
% Asian	1.0%	400.0%
% Foreign Born	10.2%	45.7%

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Mortgage and Risk — Hometown, IL

According to HUD data as of 2023, there were 88 mortgage originations in Hometown, IL, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Hometown, IL. Investor activity is low, as 5.0% 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	88
% Conventional Loans	66.0%
% Government Loans	34.0%
% Investor Loans	5.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Hometown, IL

Hometown, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,500
2 Bedroom	$150	$1,550	$1,700
3 Bedroom	$330	$1,850	$2,180
4 Bedroom	N/A	N/A	$2,560

Hometown, IL—60456

Key Metrics at a Glance

Home Price Trends — Hometown, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hometown, IL

% of Rental Stock

Property Listings — Hometown, IL

Demographics — Hometown, IL

Race and Ethnicity

Mortgage and Risk — Hometown, IL

Mortgages

Rentals and Section 8 — Hometown, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Hometown, IL

Home Price to Income Ratio

Hometown, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Ashburn, Chicago, IL

Oak Lawn, IL

Evergreen Park, IL

Burbank, IL

Morgan Park, Chicago, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$206,000
Median Household Income	$59,300

Hometown, IL—60456

Key Metrics at a Glance

Home Price Trends — Hometown, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hometown, IL

% of Rental Stock

Property Listings — Hometown, IL

Demographics — Hometown, IL

Race and Ethnicity

Mortgage and Risk — Hometown, IL

Mortgages

Rentals and Section 8 — Hometown, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Hometown, IL

Home Price to Income Ratio

Hometown, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Ashburn, Chicago, IL

Oak Lawn, IL

Evergreen Park, IL

Burbank, IL

Morgan Park, Chicago, IL

Frequently Asked Questions

What is the average home price in Hometown, IL 60456?

How have home prices in Hometown, IL 60456 changed over the past year?

What is the home price projection for Hometown, IL 60456?

What are the demographics of Hometown, IL 60456?

How long does it take homes to sell in Hometown, IL 60456?

What is the average rent price in Hometown, IL 60456?