Clarendon Hills, IL—60514
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Clarendon Hills, IL
As of Oct '25, the median home price in Clarendon Hills, IL is $633,000, with a year-over-year change of 7.1%. This indicates that home prices in Clarendon Hills, 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 | $633,000 | 7.1% |
| Single Family | $728,000 | 7.5% |
| Condos | $276,000 | 6.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $166,000 | 0.0% |
2 Bed | $299,000 | 5.3% |
3 Bed | $517,000 | 6.8% |
4 Bed | $906,000 | 6.6% |
| 5 Bed | $1,554,000 | 6.7% |
% of Housing Stock
Rental Trends — Clarendon Hills, IL
As of July '25, Rentcast reports the average rent in Clarendon Hills, IL is $2,710, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in Clarendon Hills, IL is studios: $3,820, 1-bedrooms: $2,160, 2-bedrooms: $2,510, 3-bedrooms: $2,910, 4-bedrooms: $5,150. The most common rental property sizes in Clarendon Hills, IL are 1-bedroom and 2-bedroom, accounting for 49.9% and 37.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,710 |
| Studio Rent | $3,820 | $3,820 |
| 1 Bed Rent | $1,900 | $2,160 |
| 2 Bed Rent | $2,400 | $2,510 |
| 3 Bed Rent | $2,700 | $2,910 |
| 4 Bed Rent | $3,800 | $5,150 |
% of Rental Stock
Property Listings — Clarendon Hills, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Clarendon Hills, IL is 26. This is a decrease of -11.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $482,000 | -44.0% |
Listing Count | 29 | 0.0% |
| Listings as % of Homes | 0.8% | 0.0% |
Days on Market | 26 | -11.0% |
Demographics — Clarendon Hills, IL
As of the latest ACS Survey released in 2023, Clarendon Hills, IL has a population of 9,760, which has decreased by -3.5% over the past 5 years. Clarendon Hills, IL is a popular place for families, as children make up 27.6% of the population. The area has a highly educated workforce, with 74.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,760 | -3.5% |
% Under 18 | 27.6% | -12.4% |
% Seniors | 14.7% | 18.5% |
% WFH | 30.6% | 268.7% |
% w/ College Degree | 74.0% | 4.8% |
As of the latest ACS Survey released in 2023, Clarendon Hills, IL is a predominantly white area, with 80.7% of the population identifying as white. The white population has grown by 2.4% in the last 5 years. The second most common race or ethnicity in Clarendon Hills, IL is asian, making up 11.7% of the population. Foreign-born residents account for 13.5% of the population in Clarendon Hills, IL, and this percentage has increased by 20.5% 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 | 80.7% | 2.4% |
% Black | 0.7% | -30.0% |
% Hispanic | 3.4% | -66.3% |
% Asian | 11.7% | 46.3% |
% Foreign Born | 13.5% | 20.5% |
Mortgage and Risk — Clarendon Hills, IL
According to HUD data as of 2023, there were 110 mortgage originations in Clarendon Hills, IL, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Clarendon Hills, IL. Investor activity is low, as 0.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 110 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Clarendon Hills, IL
As of 2024, the percent of homes in Clarendon Hills, IL under the Section 8 program is 0.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Clarendon Hills, IL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$570 | $1,900 | $1,330 |
| 2 Bedroom | -$900 | $2,400 | $1,500 |
| 3 Bedroom | -$770 | $2,700 | $1,930 |
| 4 Bedroom | -$1,540 | $3,800 | $2,260 |
Affordability — Clarendon Hills, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $633,000 |
| Median Household Income | $115,000 |