Ashburn, Chicago, IL—60652
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ashburn, Chicago, IL
As of Oct '25, the median home price in Ashburn, Chicago, IL is $260,000, with a year-over-year change of 3.0%. This indicates that home prices in Ashburn, Chicago, IL are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $260,000 | 3.0% |
| Single Family | $264,000 | 2.7% |
| Condos | $90,000 | -9.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $225,000 | 4.2% |
3 Bed | $262,000 | 2.7% |
4 Bed | $301,000 | 2.4% |
| 5 Bed | $331,000 | 2.2% |
% of Housing Stock
Rental Trends — Ashburn, Chicago, IL
As of July '25, Rentcast reports the average rent in Ashburn, Chicago, IL is $2,320, with a year-over-year rent change of 24.1%. Per bedroom, the median rent as of July '25 in Ashburn, Chicago, IL is studios: $1,380, 1-bedrooms: $1,050, 2-bedrooms: $2,290, 3-bedrooms: $2,620. The most common rental property sizes in Ashburn, Chicago, IL are 3-bedroom and 2-bedroom, accounting for 36.8% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,320 |
| Studio Rent | $1,380 | $1,380 |
| 1 Bed Rent | $1,050 | $1,050 |
| 2 Bed Rent | $2,350 | $2,290 |
| 3 Bed Rent | $2,500 | $2,620 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ashburn, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Ashburn, Chicago, IL is 28. This is a increase of 12.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $288,000 | -4.0% |
Listing Count | 71 | -29.0% |
| Listings as % of Homes | 0.6% | -29.0% |
Days on Market | 28 | 12.0% |
Demographics — Ashburn, Chicago, IL
As of the latest ACS Survey released in 2023, Ashburn, Chicago, IL has a population of 41,400, which has decreased by -5.6% over the past 5 years. Ashburn, Chicago, IL is a moderately popular place for families, as children make up 23.7% of the population. The area has a poorly educated workforce, with 22.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,400 | -5.6% |
% Under 18 | 23.7% | -10.9% |
% Seniors | 13.6% | 25.9% |
% WFH | 7.6% | 280.0% |
% w/ College Degree | 22.4% | 8.7% |
As of the latest ACS Survey released in 2023, Ashburn, Chicago, IL is a predominantly hispanic area, with 47.2% of the population identifying as hispanic. The hispanic population has grown by 18.6% in the last 5 years. The second most common race or ethnicity in Ashburn, Chicago, IL is black, making up 42.4% of the population. Foreign-born residents account for 17.8% of the population in Ashburn, Chicago, IL, and this percentage has increased by 4.1% 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 | 8.5% | -16.7% |
% Black | 42.4% | -10.0% |
% Hispanic | 47.2% | 18.6% |
% Asian | 1.0% | 11.1% |
% Foreign Born | 17.8% | 4.1% |
Mortgage and Risk — Ashburn, Chicago, IL
According to HUD data as of 2023, there were 503 mortgage originations in Ashburn, Chicago, IL, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Ashburn, Chicago, IL. Investor activity is low, as 2.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 503 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Ashburn, Chicago, IL
Ashburn, Chicago, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 771 |
Total Units Section 8 | 753 |
% Rentals under Section 8 | 39.3% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $560 | $1,050 | $1,610 |
| 2 Bedroom | -$530 | $2,350 | $1,820 |
| 3 Bedroom | -$160 | $2,500 | $2,340 |
| 4 Bedroom | N/A | N/A | $2,750 |
Affordability — Ashburn, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $260,000 |
| Median Household Income | $78,600 |