University Park, IL 60484 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

University Park, IL—60484

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$187,000

4.0% YoY Growth

Household Income

$64,300

16.9% YoY Growth

Days on Market

27.0% Shorter YoY

Home Price Forecast

1.6%

Median Rent

$1,820

4.6% YoY Growth

1-Bed Rent

$1,590

88.2% YoY Growth

2-Bed Rent

N/A

3-Bed Rent

$1,820

5.0% YoY Growth

Home Price Trends — University Park, IL

As of Dec '25, the median home price in University Park, IL is $187,000, with a year-over-year change of 4.0%. This indicates that home prices in University Park, IL are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$187,000	4.0%
Single Family	$192,000	3.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — University Park, IL

As of July '25, Rentcast reports the average rent in University Park, IL is $2,050, with a year-over-year rent change of 4.6%. Per bedroom, the median rent as of July '25 in University Park, IL is 1-bedrooms: $1,590, 3-bedrooms: $2,110, 4-bedrooms: $2,400. The most common rental property sizes in University Park, IL are 3-bedroom and 1-bedroom, accounting for 46.9% and 24.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,820	$2,050
Studio Rent	N/A	N/A
1 Bed Rent	$1,590	$1,590
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,820	$2,110
4 Bed Rent	$2,400	$2,400

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% of Rental Stock

1 Bedroom

24.4%

2 Bedrooms

17.9%

3 Bedrooms

46.9%

4 Bedrooms

10.8%

Property Listings — University Park, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in University Park, IL is 36. This is a decrease of -20.0% from last year, suggesting that homes are sitting on the market shorter 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	$192,000	-5.0%
Listing Count	27	-18.0%
Listings as % of Homes	1.0%	-18.0%
Days on Market	63	-27.0%

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Demographics — University Park, IL

As of the latest ACS Survey released in 2023, University Park, IL has a population of 6,610, which has remained stable by 0.5% over the past 5 years. University Park, IL is a popular place for families, as children make up 29.1% 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 7.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	6,610	0.5%
% Under 18	29.1%	7.0%
% Seniors	10.3%	-3.7%
% WFH	7.7%	208.0%
% w/ College Degree	24.9%	-9.8%

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As of the latest ACS Survey released in 2023, University Park, IL is a predominantly black area, with 86.2% of the population identifying as black. The black population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in University Park, IL is white, making up 8.1% of the population. Foreign-born residents account for 4.5% of the population in University Park, IL, and this percentage has increased by 104.5% 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	8.1%	8.0%
% Black	86.2%	0.5%
% Hispanic	5.6%	80.6%
% Asian	0.1%	-75.0%
% Foreign Born	4.5%	104.5%

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Mortgage and Risk — University Park, IL

According to HUD data as of 2023, there were 135 mortgage originations in University Park, IL, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 52.0% above 90% LTV (very high). This implies large mortgage risk in University Park, IL. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	135
% Conventional Loans	55.0%
% Government Loans	45.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — University Park, IL

University Park, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	381
Total Units Section 8	314
% Rentals under Section 8	39.9%
% Occupied Section 8	81.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$150	$1,590	$1,440
2 Bedroom	N/A	N/A	$1,630
3 Bedroom	$270	$1,820	$2,090
4 Bedroom	$60	$2,400	$2,460

University Park, IL—60484

Key Metrics at a Glance

Home Price Trends — University Park, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — University Park, IL

% of Rental Stock

Property Listings — University Park, IL

Demographics — University Park, IL

Race and Ethnicity

Mortgage and Risk — University Park, IL

Mortgages

Rentals and Section 8 — University Park, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — University Park, IL

Home Price to Income Ratio

University Park, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Richton Park, IL

Park Forest, IL

Monee, IL

Matteson, IL

Olympia Fields, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.6
Median Home Price	$187,000
Median Household Income	$64,300

University Park, IL—60484

Key Metrics at a Glance

Home Price Trends — University Park, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — University Park, IL

% of Rental Stock

Property Listings — University Park, IL

Demographics — University Park, IL

Race and Ethnicity

Mortgage and Risk — University Park, IL

Mortgages

Rentals and Section 8 — University Park, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — University Park, IL

Home Price to Income Ratio

University Park, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Richton Park, IL

Park Forest, IL

Monee, IL

Matteson, IL

Olympia Fields, IL

Frequently Asked Questions

What is the average home price in University Park, IL 60484?

How have home prices in University Park, IL 60484 changed over the past year?

What is the home price projection for University Park, IL 60484?

What are the demographics of University Park, IL 60484?

How long does it take homes to sell in University Park, IL 60484?

What is the average rent price in University Park, IL 60484?