La Grange, IL—60525
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — La Grange, IL
As of Oct '25, the median home price in La Grange, IL is $460,000, with a year-over-year change of 3.8%. This indicates that home prices in La Grange, IL are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $460,000 | 3.8% |
| Single Family | $570,000 | 5.2% |
| Condos | $239,000 | -5.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $168,000 | 1.8% |
2 Bed | $280,000 | 4.5% |
3 Bed | $454,000 | 5.3% |
4 Bed | $748,000 | 5.2% |
| 5 Bed | $1,012,000 | 3.6% |
% of Housing Stock
Rental Trends — La Grange, IL
As of July '25, Rentcast reports the average rent in La Grange, IL is $2,370, with a year-over-year rent change of -17.1%. Per bedroom, the median rent as of July '25 in La Grange, IL is 1-bedrooms: $1,460, 2-bedrooms: $2,340, 3-bedrooms: $3,230, 4-bedrooms: $2,630. The most common rental property sizes in La Grange, IL are 2-bedroom and 1-bedroom, accounting for 47.7% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,370 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,380 | $1,460 |
| 2 Bed Rent | $2,200 | $2,340 |
| 3 Bed Rent | $3,100 | $3,230 |
| 4 Bed Rent | $2,100 | $2,630 |
% of Rental Stock
Property Listings — La Grange, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in La Grange, IL is 36. This is a decrease of -16.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $481,000 | 21.0% |
Listing Count | 84 | -1.0% |
| Listings as % of Homes | 0.6% | -1.0% |
Days on Market | 36 | -16.0% |
Demographics — La Grange, IL
As of the latest ACS Survey released in 2023, La Grange, IL has a population of 31,500, which has increased by 2.9% over the past 5 years. La Grange, IL is a moderately popular place for families, as children make up 24.9% of the population. The area has a highly educated workforce, with 52.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,500 | 2.9% |
% Under 18 | 24.9% | 0.4% |
% Seniors | 19.7% | 8.8% |
% WFH | 21.8% | 282.5% |
% w/ College Degree | 52.9% | 8.4% |
As of the latest ACS Survey released in 2023, La Grange, IL is a predominantly white area, with 74.7% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in La Grange, IL is hispanic, making up 16.5% of the population. Foreign-born residents account for 10.1% of the population in La Grange, IL, and this percentage has decreased by 5.6% 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 | 74.7% | -5.4% |
% Black | 3.7% | -9.8% |
% Hispanic | 16.5% | 18.7% |
% Asian | 1.9% | 26.7% |
% Foreign Born | 10.1% | -5.6% |
Mortgage and Risk — La Grange, IL
According to HUD data as of 2023, there were 620 mortgage originations in La Grange, IL, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in La Grange, IL. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 620 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — La Grange, IL
As of 2024, the percent of homes in La Grange, IL under the Section 8 program is 2.4%. 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. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in La Grange, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 58 |
Total Units Section 8 | 58 |
% Rentals under Section 8 | 2.4% |
% Occupied Section 8 | 91.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $1,380 | $1,520 |
| 2 Bedroom | -$480 | $2,200 | $1,720 |
| 3 Bedroom | -$890 | $3,100 | $2,210 |
| 4 Bedroom | $500 | $2,100 | $2,600 |
Affordability — La Grange, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $460,000 |
| Median Household Income | $114,000 |