South Holland, IL—60473
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Holland, IL
As of Oct '25, the median home price in South Holland, IL is $223,000, with a year-over-year change of 1.3%. This indicates that home prices in South Holland, IL are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $223,000 | 1.3% |
| Single Family | $223,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $143,000 | 2.9% |
3 Bed | $212,000 | 1.9% |
4 Bed | $251,000 | 0.4% |
| 5 Bed | $285,000 | 0.0% |
% of Housing Stock
Rental Trends — South Holland, IL
As of July '25, Rentcast reports the average rent in South Holland, IL is $2,820, with a year-over-year rent change of 15.1%. Per bedroom, the median rent as of July '25 in South Holland, IL is 3-bedrooms: $2,620, 4-bedrooms: $3,520. The most common rental property sizes in South Holland, IL are 3-bedroom and 4-bedroom, accounting for 64.2% and 23.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,700 | $2,620 |
| 4 Bed Rent | $3,340 | $3,520 |
% of Rental Stock
Property Listings — South Holland, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in South Holland, IL is 47. This is a increase of 5.0% 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $235,000 | -2.0% |
Listing Count | 170 | 38.0% |
| Listings as % of Homes | 1.2% | 38.0% |
Days on Market | 47 | 5.0% |
Demographics — South Holland, IL
As of the latest ACS Survey released in 2023, South Holland, IL has a population of 21,400, which has decreased by -3.6% over the past 5 years. South Holland, IL is a moderately popular place for families, as children make up 21.8% of the population. The area has a moderately educated workforce, with 26.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,400 | -3.6% |
% Under 18 | 21.8% | -12.4% |
% Seniors | 16.6% | 3.1% |
% WFH | 10.7% | 205.7% |
% w/ College Degree | 26.6% | 0.8% |
As of the latest ACS Survey released in 2023, South Holland, IL is a predominantly black area, with 75.6% of the population identifying as black. The black population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in South Holland, IL is white, making up 10.5% of the population. Foreign-born residents account for 6.3% of the population in South Holland, IL, and this percentage has increased by 14.5% 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 | 10.5% | -22.8% |
% Black | 75.6% | -6.3% |
% Hispanic | 10.2% | 112.5% |
% Asian | 1.2% | 140.0% |
% Foreign Born | 6.3% | 14.5% |
Mortgage and Risk — South Holland, IL
According to HUD data as of 2023, there were 325 mortgage originations in South Holland, IL, of which 54.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in South Holland, IL. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 325 |
% Conventional Loans | 54.0% |
% Government Loans | 46.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — South Holland, IL
South Holland, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 497 |
Total Units Section 8 | 497 |
% Rentals under Section 8 | 43.5% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,050 |
| 2 Bedroom | N/A | N/A | $2,310 |
| 3 Bedroom | $270 | $2,700 | $2,970 |
| 4 Bedroom | $150 | $3,340 | $3,490 |
Affordability — South Holland, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $223,000 |
| Median Household Income | $88,000 |