Thornton, IL 60476 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Thornton, IL—60476

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$173,000

0.5% YoY Growth

Household Income

$61,100

6.4% YoY Growth

Days on Market

59.0% Longer YoY

Home Price Forecast

1.8%

Median Rent

$2,500

22.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$2,500

4.2% YoY Growth

Home Price Trends — Thornton, IL

As of Dec '25, the median home price in Thornton, IL is $173,000, with a year-over-year change of 0.5%. This indicates that home prices in Thornton, IL are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$173,000	0.5%
Single Family	$173,000	0.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

54.7%

2 Bedrooms

6.1%

3 Bedrooms

31.1%

4 Bedrooms

8.1%

Property Listings — Thornton, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Thornton, IL is 61. This is a increase of 99.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$222,000	15.0%
Listing Count	13	31.0%
Listings as % of Homes	0.8%	31.0%
Days on Market	63	59.0%

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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%

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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%

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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%

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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

Thornton, IL—60476

Key Metrics at a Glance

Home Price Trends — Thornton, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Thornton, IL

% of Rental Stock

Property Listings — Thornton, IL

Demographics — Thornton, IL

Race and Ethnicity

Mortgage and Risk — Thornton, IL

Mortgages

Rentals and Section 8 — Thornton, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Thornton, IL

Home Price to Income Ratio

Thornton, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Glenwood, IL

South Holland, IL

Homewood, IL

Lansing, IL

Dolton, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.5
Median Home Price	$173,000
Median Household Income	$61,100

Thornton, IL—60476

Key Metrics at a Glance

Home Price Trends — Thornton, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Thornton, IL

% of Rental Stock

Property Listings — Thornton, IL

Demographics — Thornton, IL

Race and Ethnicity

Mortgage and Risk — Thornton, IL

Mortgages

Rentals and Section 8 — Thornton, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Thornton, IL

Home Price to Income Ratio

Thornton, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Glenwood, IL

South Holland, IL

Homewood, IL

Lansing, IL

Dolton, IL

Frequently Asked Questions

What is the average home price in Thornton, IL 60476?

How have home prices in Thornton, IL 60476 changed over the past year?

What is the home price projection for Thornton, IL 60476?

What are the demographics of Thornton, IL 60476?

How long does it take homes to sell in Thornton, IL 60476?

What is the average rent price in Thornton, IL 60476?