Justice, IL—60458
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Justice, IL
As of Oct '25, the median home price in Justice, IL is $285,000, with a year-over-year change of 1.7%. This indicates that home prices in Justice, 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 | $285,000 | 1.7% |
| Single Family | $304,000 | 2.0% |
| Condos | $230,000 | -1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $243,000 | 3.0% |
3 Bed | $307,000 | 2.3% |
4 Bed | $372,000 | 1.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Justice, IL
As of July '25, Rentcast reports the average rent in Justice, IL is $1,670, with a year-over-year rent change of -16.5%. Per bedroom, the median rent as of July '25 in Justice, IL is 1-bedrooms: $1,060, 2-bedrooms: $1,760. The most common rental property sizes in Justice, IL are 2-bedroom and 3-bedroom, accounting for 55.7% and 23.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,580 | $1,670 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,060 | $1,060 |
| 2 Bed Rent | $1,600 | $1,760 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Justice, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Justice, IL is 34. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $304,000 | -8.0% |
Listing Count | 30 | 47.0% |
| Listings as % of Homes | 0.2% | 47.0% |
Days on Market | 34 | 0.0% |
Demographics — Justice, IL
As of the latest ACS Survey released in 2023, Justice, IL has a population of 14,200, which has decreased by -7.4% over the past 5 years. Justice, IL is a moderately popular place for families, as children make up 25.0% of the population. The area has a poorly educated workforce, with 17.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,200 | -7.4% |
% Under 18 | 25.0% | -5.7% |
% Seniors | 12.5% | 34.4% |
% WFH | 7.6% | 3,700.0% |
% w/ College Degree | 17.2% | 24.6% |
As of the latest ACS Survey released in 2023, Justice, IL is a predominantly white area, with 52.3% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Justice, IL is hispanic, making up 20.9% of the population. Foreign-born residents account for 24.7% of the population in Justice, IL, and this percentage has decreased by 3.5% 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 | 52.3% | -6.9% |
% Black | 20.4% | 6.8% |
% Hispanic | 20.9% | -3.7% |
% Asian | 4.0% | 122.2% |
% Foreign Born | 24.7% | -3.5% |
Mortgage and Risk — Justice, IL
According to HUD data as of 2023, there were 160 mortgage originations in Justice, IL, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Justice, IL. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 160 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Justice, IL
Justice, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 209 |
Total Units Section 8 | 209 |
% Rentals under Section 8 | 7.1% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $1,060 | $1,400 |
| 2 Bedroom | -$20 | $1,600 | $1,580 |
| 3 Bedroom | N/A | N/A | $2,030 |
| 4 Bedroom | N/A | N/A | $2,380 |
Affordability — Justice, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $285,000 |
| Median Household Income | $59,400 |