Westmont, IL—60559
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Westmont, IL
As of Oct '25, the median home price in Westmont, IL is $384,000, with a year-over-year change of 5.4%. This indicates that home prices in Westmont, IL are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $384,000 | 5.4% |
| Single Family | $414,000 | 5.3% |
| Condos | $236,000 | 4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $152,000 | -0.7% |
2 Bed | $278,000 | 4.9% |
3 Bed | $400,000 | 5.0% |
4 Bed | $582,000 | 5.4% |
| 5 Bed | $828,000 | 7.1% |
% of Housing Stock
Rental Trends — Westmont, IL
As of July '25, Rentcast reports the average rent in Westmont, IL is $2,130, with a year-over-year rent change of 0.5%. Per bedroom, the median rent as of July '25 in Westmont, IL is studios: $1,770, 1-bedrooms: $1,850, 2-bedrooms: $2,220, 3-bedrooms: $2,610, 4-bedrooms: $4,200. The most common rental property sizes in Westmont, IL are 2-bedroom and 1-bedroom, accounting for 51.1% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,130 |
| Studio Rent | $1,500 | $1,770 |
| 1 Bed Rent | $1,790 | $1,850 |
| 2 Bed Rent | $2,130 | $2,220 |
| 3 Bed Rent | $2,550 | $2,610 |
| 4 Bed Rent | $4,200 | $4,200 |
% of Rental Stock
Property Listings — Westmont, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Westmont, IL is 28. This is a decrease of -27.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $426,000 | 9.0% |
Listing Count | 55 | -1.0% |
| Listings as % of Homes | 0.5% | -1.0% |
Days on Market | 28 | -27.0% |
Demographics — Westmont, IL
As of the latest ACS Survey released in 2023, Westmont, IL has a population of 24,400, which has remained stable by -0.5% over the past 5 years. Westmont, IL is a moderately popular place for families, as children make up 19.6% of the population. The area has a highly educated workforce, with 49.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,400 | -0.5% |
% Under 18 | 19.6% | -3.0% |
% Seniors | 20.2% | 25.5% |
% WFH | 19.3% | 278.4% |
% w/ College Degree | 49.0% | 12.9% |
As of the latest ACS Survey released in 2023, Westmont, IL is a predominantly white area, with 61.5% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Westmont, IL is hispanic, making up 14.8% of the population. Foreign-born residents account for 24.4% of the population in Westmont, IL, and this percentage has increased by 11.9% 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 | 61.5% | -4.7% |
% Black | 6.8% | 0.0% |
% Hispanic | 14.8% | 13.8% |
% Asian | 13.1% | -3.0% |
% Foreign Born | 24.4% | 11.9% |
Mortgage and Risk — Westmont, IL
According to HUD data as of 2023, there were 299 mortgage originations in Westmont, IL, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Westmont, IL. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 299 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Westmont, IL
As of 2024, the percent of homes in Westmont, IL under the Section 8 program is 2.1%. 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 Westmont, 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 | 100 |
Total Units Section 8 | 100 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | 95.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$160 | $1,790 | $1,630 |
| 2 Bedroom | -$290 | $2,130 | $1,840 |
| 3 Bedroom | -$190 | $2,550 | $2,360 |
| 4 Bedroom | -$1,420 | $4,200 | $2,780 |
Affordability — Westmont, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $384,000 |
| Median Household Income | $87,500 |