Homer Glen, IL—60491
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Homer Glen, IL
As of Oct '25, the median home price in Homer Glen, IL is $504,000, with a year-over-year change of 2.8%. This indicates that home prices in Homer Glen, IL are increasing. 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 | $504,000 | 2.8% |
| Single Family | $507,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $364,000 | 3.4% |
3 Bed | $460,000 | 2.7% |
4 Bed | $539,000 | 2.9% |
| 5 Bed | $632,000 | 2.3% |
% of Housing Stock
Rental Trends — Homer Glen, IL
As of July '25, Rentcast reports the average rent in Homer Glen, IL is $3,480, with a year-over-year rent change of -15.1%. Per bedroom, the median rent as of July '25 in Homer Glen, IL is 2-bedrooms: $2,950, 3-bedrooms: $3,620, 4-bedrooms: $3,400. The most common rental property sizes in Homer Glen, IL are 2-bedroom and 4-bedroom, accounting for 32.3% and 18.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,480 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,950 | $2,950 |
| 3 Bed Rent | $3,200 | $3,620 |
| 4 Bed Rent | $3,400 | $3,400 |
% of Rental Stock
Property Listings — Homer Glen, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Homer Glen, IL is 32. This is a increase of 38.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $581,000 | 5.0% |
Listing Count | 56 | -19.0% |
| Listings as % of Homes | 0.6% | -19.0% |
Days on Market | 32 | 38.0% |
Demographics — Homer Glen, IL
As of the latest ACS Survey released in 2023, Homer Glen, IL has a population of 22,600, which has decreased by -1.6% over the past 5 years. Homer Glen, IL is a moderately popular place for families, as children make up 23.5% of the population. The area has a moderately educated workforce, with 37.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,600 | -1.6% |
% Under 18 | 23.5% | 7.8% |
% Seniors | 20.2% | 12.2% |
% WFH | 14.6% | 231.8% |
% w/ College Degree | 37.8% | -1.3% |
As of the latest ACS Survey released in 2023, Homer Glen, IL is a predominantly white area, with 87.9% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Homer Glen, IL is hispanic, making up 8.1% of the population. Foreign-born residents account for 12.4% of the population in Homer Glen, IL, and this percentage has increased by 17.0% 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 | 87.9% | -1.8% |
% Black | 0.6% | -40.0% |
% Hispanic | 8.1% | 28.6% |
% Asian | 1.4% | -39.1% |
% Foreign Born | 12.4% | 17.0% |
Mortgage and Risk — Homer Glen, IL
According to HUD data as of 2023, there were 308 mortgage originations in Homer Glen, IL, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Homer Glen, IL. Investor activity is low, as 1.0% 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 | 308 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Homer Glen, IL
Homer Glen, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,980 |
| 2 Bedroom | -$710 | $2,950 | $2,240 |
| 3 Bedroom | -$320 | $3,200 | $2,880 |
| 4 Bedroom | -$20 | $3,400 | $3,380 |
Affordability — Homer Glen, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $504,000 |
| Median Household Income | $133,000 |