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Hegewisch, Chicago, IL—60633

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$186,000
0.7% YoY Growth
Household Income
$56,900
20.8% YoY Growth
Days on Market
63
4.0% Longer YoY
Home Price Forecast
1.6%
Median Rent
$1,500
7.7% YoY Growth
1-Bed Rent
$1,150
N/A
2-Bed Rent
$1,400
2.1% YoY Growth
3-Bed Rent
$1,800
8.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Hegewisch, Chicago, IL

As of Dec '25, the median home price in Hegewisch, Chicago, IL is $186,000, with a year-over-year change of -0.7%. This indicates that home prices in Hegewisch, Chicago, IL are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$186,000-0.7%
Single Family $189,000-1.0%
Condos $86,000-28.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$134,000-2.2%
    3 Bed
    		$196,0000.0%
    4 Bed
    		$221,0000.0%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    6.8%
    1 Bedroom
    7.2%
    2 Bedrooms
    18.0%
    3 Bedrooms
    51.6%
    4 Bedrooms
    12.4%
    5+ Bedrooms
    4.0%

    Rental Trends — Hegewisch, Chicago, IL

    As of July '25, Rentcast reports the average rent in Hegewisch, Chicago, IL is $1,820, with a year-over-year rent change of 7.7%. Per bedroom, the median rent as of July '25 in Hegewisch, Chicago, IL is 1-bedrooms: $1,150, 2-bedrooms: $1,420, 3-bedrooms: $2,140, 4-bedrooms: $2,520. The most common rental property sizes in Hegewisch, Chicago, IL are 3-bedroom and 2-bedroom, accounting for 43.5% and 23.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,500$1,820
    Studio Rent N/AN/A
    1 Bed Rent $1,150$1,150
    2 Bed Rent $1,400$1,420
    3 Bed Rent $1,800$2,140
    4 Bed Rent $2,250$2,520
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    % of Rental Stock

    Studio
    14.1%
    1 Bedroom
    17.0%
    2 Bedrooms
    23.4%
    3 Bedrooms
    43.5%
    4 Bedrooms
    1.3%
    5+ Bedrooms
    0.7%

    Property Listings — Hegewisch, Chicago, IL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Hegewisch, Chicago, IL is 46. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$225,0008.0%
    Listing Count
    		4020.0%
    Listings as % of Homes0.6%20.0%
    Days on Market
    		634.0%
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    Demographics — Hegewisch, Chicago, IL

    As of the latest ACS Survey released in 2023, Hegewisch, Chicago, IL has a population of 12,500, which has decreased by -3.0% over the past 5 years. Hegewisch, Chicago, IL is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 13.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		12,500-3.0%
    % Under 18
    		24.7%12.3%
    % Seniors
    		16.6%27.7%
    % WFH
    		11.6%480.0%
    % w/ College Degree
    		13.5%-9.4%
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    As of the latest ACS Survey released in 2023, Hegewisch, Chicago, IL is a predominantly hispanic area, with 44.8% of the population identifying as hispanic. The hispanic population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Hegewisch, Chicago, IL is black, making up 28.9% of the population. Foreign-born residents account for 15.0% of the population in Hegewisch, Chicago, IL, and this percentage has increased by 1.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		25.4%-19.4%
    % Black
    		28.9%24.6%
    % Hispanic
    		44.8%-0.4%
    % Asian
    		0.7%133.3%
    % Foreign Born
    		15.0%1.4%
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    Mortgage and Risk — Hegewisch, Chicago, IL

    According to HUD data as of 2023, there were 163 mortgage originations in Hegewisch, Chicago, IL, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Hegewisch, Chicago, IL. Investor activity is low, as 3.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		163
    % Conventional Loans
    		67.0%
    % Government Loans
    		33.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		18.0%
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    Rentals and Section 8 — Hegewisch, Chicago, IL

    As of 2024, the percent of homes in Hegewisch, Chicago, IL under the Section 8 program is 11.4%. 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 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Hegewisch, Chicago, IL, because HUD payments exceed market rent, while 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		230
    Total Units Section 8
    		230
    % Rentals under Section 8
    		11.4%
    % Occupied Section 8
    		88.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$130$1,150$1,280
    2 Bedroom$50$1,400$1,450
    3 Bedroom$60$1,800$1,860
    4 Bedroom-$60$2,250$2,190

    Affordability — Hegewisch, Chicago, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$186,000
    Median Household Income$56,900

    Hegewisch, Chicago, IL — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    60617

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    Frequently Asked Questions