Hinckley, IL—60520
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hinckley, IL
As of Oct '25, the median home price in Hinckley, IL is $318,000, with a year-over-year change of 8.5%. This indicates that home prices in Hinckley, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $318,000 | 8.5% |
| Single Family | $321,000 | 8.1% |
| 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 | $300,000 | 5.6% |
4 Bed | $359,000 | 4.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hinckley, IL
As of July '25, Rentcast reports the average rent in Hinckley, IL is $1,600, with a year-over-year rent change of 25.0%. Per bedroom, the median rent as of July '25 in Hinckley, IL is 3-bedrooms: $1,600. The most common rental property sizes in Hinckley, IL are 1-bedroom and 3-bedroom, accounting for 35.1% and 33.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,600 | $1,600 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hinckley, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Hinckley, IL is 42. This is a decrease of -58.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $418,000 | 17.0% |
Listing Count | 19 | 112.0% |
| Listings as % of Homes | 0.7% | 112.0% |
Days on Market | 42 | -58.0% |
Demographics — Hinckley, IL
As of the latest ACS Survey released in 2023, Hinckley, IL has a population of 2,970, which has increased by 5.6% over the past 5 years. Hinckley, IL is a popular place for families, as children make up 26.6% of the population. The area has a moderately educated workforce, with 29.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,970 | 5.6% |
% Under 18 | 26.6% | 14.7% |
% Seniors | 14.1% | -2.1% |
% WFH | 6.9% | 23.2% |
% w/ College Degree | 29.7% | 25.8% |
As of the latest ACS Survey released in 2023, Hinckley, IL is a predominantly white area, with 85.5% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Hinckley, IL is hispanic, making up 9.1% of the population. Foreign-born residents account for 1.9% of the population in Hinckley, IL, and this percentage has increased by 11.8% 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 | 85.5% | -8.0% |
% Black | 0.7% | 40.0% |
% Hispanic | 9.1% | 62.5% |
% Asian | 0.8% | 33.3% |
% Foreign Born | 1.9% | 11.8% |
Mortgage and Risk — Hinckley, IL
According to HUD data as of 2023, there were 49 mortgage originations in Hinckley, IL, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Hinckley, IL. Investor activity is low, as 2.0% 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 | 49 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Hinckley, IL
Hinckley, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 9 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,410 |
| 2 Bedroom | N/A | N/A | $1,850 |
| 3 Bedroom | $920 | $1,600 | $2,520 |
| 4 Bedroom | N/A | N/A | $3,110 |
Affordability — Hinckley, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $318,000 |
| Median Household Income | $83,400 |