Thornton, IL—60476
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Thornton, IL
As of Oct '25, the median home price in Thornton, IL is $174,000, with a year-over-year change of 0.4%. This indicates that home prices in Thornton, IL are flat. 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 | $174,000 | 0.4% |
| Single Family | $174,000 | 0.6% |
| 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 | $173,000 | 0.6% |
4 Bed | $203,000 | 2.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Thornton, IL
As of July '25, Rentcast reports the average rent in Thornton, IL is $2,500, with a year-over-year rent change of 22.0%. Per bedroom, the median rent as of July '25 in Thornton, IL is 3-bedrooms: $2,500. The most common rental property sizes in Thornton, IL are 1-bedroom and 3-bedroom, accounting for 54.7% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,500 | $2,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Thornton, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Thornton, IL is 52. This is a increase of 51.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $232,000 | 13.0% |
Listing Count | 17 | 67.0% |
| Listings as % of Homes | 0.8% | 67.0% |
Days on Market | 52 | 51.0% |
Demographics — Thornton, IL
As of the latest ACS Survey released in 2023, Thornton, IL has a population of 1,880, which has decreased by -24.7% over the past 5 years. Thornton, IL is a moderately popular place for families, as children make up 18.1% of the population. The area has a poorly educated workforce, with 24.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,880 | -24.7% |
% Under 18 | 18.1% | 6.5% |
% Seniors | 18.6% | 0.5% |
% WFH | 5.2% | 116.7% |
% w/ College Degree | 24.9% | 97.6% |
As of the latest ACS Survey released in 2023, Thornton, IL is a predominantly white area, with 43.4% of the population identifying as white. The white population has shrunk by 37.6% in the last 5 years. The second most common race or ethnicity in Thornton, IL is black, making up 36.9% of the population. Foreign-born residents account for 3.9% of the population in Thornton, IL, and this percentage has decreased by 32.8% 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 | 43.4% | -37.6% |
% Black | 36.9% | 126.4% |
% Hispanic | 19.6% | 66.1% |
% Asian | 0.7% | -56.2% |
% Foreign Born | 3.9% | -32.8% |
Mortgage and Risk — Thornton, IL
According to HUD data as of 2023, there were 75 mortgage originations in Thornton, IL, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Thornton, IL. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 75 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Thornton, IL
Thornton, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 31 |
Total Units Section 8 | 31 |
% Rentals under Section 8 | 9.5% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,360 |
| 2 Bedroom | N/A | N/A | $1,530 |
| 3 Bedroom | -$530 | $2,500 | $1,970 |
| 4 Bedroom | N/A | N/A | $2,310 |
Affordability — Thornton, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $174,000 |
| Median Household Income | $61,100 |