Oswego, IL—60543
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Oswego, IL
Home Price Trends — Oswego, IL
As of Oct '25, the median home price in Oswego, IL is $409,000, with a year-over-year change of 5.0%. This indicates that home prices in Oswego, 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 | $409,000 | 5.0% |
| Single Family | $424,000 | 4.4% |
| Condos | $266,000 | 5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $279,000 | 4.5% |
3 Bed | $347,000 | 4.2% |
4 Bed | $475,000 | 2.8% |
| 5 Bed | $517,000 | 1.8% |
% of Housing Stock
Rental Trends — Oswego, IL
As of July '25, Rentcast reports the average rent in Oswego, IL is $2,470, with a year-over-year rent change of 9.8%. Per bedroom, the median rent as of July '25 in Oswego, IL is studios: $1,680, 1-bedrooms: $1,920, 2-bedrooms: $2,370, 3-bedrooms: $2,930, 4-bedrooms: $3,380. The most common rental property sizes in Oswego, IL are 2-bedroom and 1-bedroom, accounting for 44.3% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,420 | $2,470 |
| Studio Rent | $1,750 | $1,680 |
| 1 Bed Rent | $1,930 | $1,920 |
| 2 Bed Rent | $2,400 | $2,370 |
| 3 Bed Rent | $3,030 | $2,930 |
| 4 Bed Rent | $3,250 | $3,380 |
% of Rental Stock
Property Listings — Oswego, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Oswego, IL is 31. This is a increase of 4.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $486,000 | 11.0% |
Listing Count | 176 | 11.0% |
| Listings as % of Homes | 0.7% | 11.0% |
Days on Market | 31 | 4.0% |
Demographics — Oswego, IL
As of the latest ACS Survey released in 2023, Oswego, IL has a population of 41,700, which has increased by 4.2% over the past 5 years. Oswego, IL is a popular place for families, as children make up 26.3% of the population. The area has a moderately educated workforce, with 42.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,700 | 4.2% |
% Under 18 | 26.3% | -4.7% |
% Seniors | 12.2% | 22.0% |
% WFH | 15.1% | 214.6% |
% w/ College Degree | 42.3% | -4.5% |
As of the latest ACS Survey released in 2023, Oswego, IL is a predominantly white area, with 64.0% of the population identifying as white. The white population has shrunk by 14.2% in the last 5 years. The second most common race or ethnicity in Oswego, IL is hispanic, making up 17.8% of the population. Foreign-born residents account for 13.2% of the population in Oswego, IL, and this percentage has increased by 45.1% 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 | 64.0% | -14.2% |
% Black | 10.2% | 126.7% |
% Hispanic | 17.8% | 14.1% |
% Asian | 4.0% | -2.4% |
% Foreign Born | 13.2% | 45.1% |
Mortgage and Risk — Oswego, IL
According to HUD data as of 2023, there were 1028 mortgage originations in Oswego, IL, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Oswego, 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 | 1,028 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Oswego, IL
As of 2024, the percent of homes in Oswego, IL under the Section 8 program is 3.7%. 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 Oswego, 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 | 68 |
Total Units Section 8 | 68 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$870 | $1,930 | $1,060 |
| 2 Bedroom | -$1,010 | $2,400 | $1,390 |
| 3 Bedroom | -$1,080 | $3,030 | $1,950 |
| 4 Bedroom | -$1,240 | $3,250 | $2,010 |
Affordability — Oswego, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $409,000 |
| Median Household Income | $117,000 |