Steger, IL 60475 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Steger, IL—60475

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$171,000

2.2% YoY Growth

Household Income

$61,200

28.8% YoY Growth

Days on Market

20.0% Longer YoY

Home Price Forecast

1.3%

Median Rent

$1,480

33.1% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,350

7.7% YoY Growth

3-Bed Rent

$1,700

6.1% YoY Growth

Home Price Trends — Steger, IL

As of Dec '25, the median home price in Steger, IL is $171,000, with a year-over-year change of -2.2%. This indicates that home prices in Steger, IL are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$171,000	-2.2%
Single Family	$171,000	-2.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Steger, IL

As of July '25, Rentcast reports the average rent in Steger, IL is $1,610, with a year-over-year rent change of 33.1%. Per bedroom, the median rent as of July '25 in Steger, IL is 2-bedrooms: $1,400, 3-bedrooms: $1,750, 4-bedrooms: $2,200. The most common rental property sizes in Steger, IL are 1-bedroom and 2-bedroom, accounting for 53.1% and 26.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,480	$1,610
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,350	$1,400
3 Bed Rent	$1,700	$1,750
4 Bed Rent	$2,200	$2,200

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% of Rental Stock

Studio

5.2%

1 Bedroom

53.1%

2 Bedrooms

26.6%

3 Bedrooms

15.1%

Property Listings — Steger, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Steger, IL is 43. This is a increase of 72.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$189,000	0.0%
Listing Count	43	0.0%
Listings as % of Homes	0.7%	0.0%
Days on Market	60	20.0%

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Demographics — Steger, IL

As of the latest ACS Survey released in 2023, Steger, IL has a population of 10,100, which has increased by 4.4% over the past 5 years. Steger, IL is a moderately popular place for families, as children make up 21.2% of the population. The area has a poorly educated workforce, with 16.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	10,100	4.4%
% Under 18	21.2%	1.9%
% Seniors	20.8%	56.4%
% WFH	8.7%	210.7%
% w/ College Degree	16.5%	2.5%

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As of the latest ACS Survey released in 2023, Steger, IL is a predominantly white area, with 51.6% of the population identifying as white. The white population has shrunk by 9.6% in the last 5 years. The second most common race or ethnicity in Steger, IL is hispanic, making up 23.1% of the population. Foreign-born residents account for 7.2% of the population in Steger, IL, and this percentage has increased by 2.9% 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	51.6%	-9.6%
% Black	19.2%	-23.5%
% Hispanic	23.1%	50.0%
% Asian	1.1%	0.0%
% Foreign Born	7.2%	2.9%

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Mortgage and Risk — Steger, IL

According to HUD data as of 2023, there were 109 mortgage originations in Steger, IL, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Steger, IL. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	109
% Conventional Loans	63.0%
% Government Loans	37.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Steger, IL

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

Section 8 Market Size

Total Units under HUD	34
Total Units Section 8	34
% Rentals under Section 8	1.6%
% Occupied Section 8	84.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,120
2 Bedroom	-$80	$1,350	$1,270
3 Bedroom	-$70	$1,700	$1,630
4 Bedroom	-$280	$2,200	$1,920

Steger, IL—60475

Key Metrics at a Glance

Home Price Trends — Steger, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Steger, IL

% of Rental Stock

Property Listings — Steger, IL

Demographics — Steger, IL

Race and Ethnicity

Mortgage and Risk — Steger, IL

Mortgages

Rentals and Section 8 — Steger, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Steger, IL

Home Price to Income Ratio

Steger, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Chicago Heights, IL

Park Forest, IL

Crete, IL

Glenwood, IL

Olympia Fields, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$171,000
Median Household Income	$61,200

Steger, IL—60475

Key Metrics at a Glance

Home Price Trends — Steger, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Steger, IL

% of Rental Stock

Property Listings — Steger, IL

Demographics — Steger, IL

Race and Ethnicity

Mortgage and Risk — Steger, IL

Mortgages

Rentals and Section 8 — Steger, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Steger, IL

Home Price to Income Ratio

Steger, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Chicago Heights, IL

Park Forest, IL

Crete, IL

Glenwood, IL

Olympia Fields, IL

Frequently Asked Questions

What is the average home price in Steger, IL 60475?

How have home prices in Steger, IL 60475 changed over the past year?

What is the home price projection for Steger, IL 60475?

What are the demographics of Steger, IL 60475?

How long does it take homes to sell in Steger, IL 60475?

What is the average rent price in Steger, IL 60475?