Alsip, IL 60803 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Alsip, IL—60803

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$266,000

6.0% YoY Growth

Household Income

$66,600

18.3% YoY Growth

Days on Market

21.0% Shorter YoY

Home Price Forecast

0.8%

Median Rent

$1,550

8.3% YoY Growth

1-Bed Rent

$1,350

9.1% YoY Growth

2-Bed Rent

$1,550

7.5% YoY Growth

3-Bed Rent

$2,300

18.1% YoY Growth

Home Price Trends — Alsip, IL

As of May '26, the median home price in Alsip, IL is $266,000, with a year-over-year change of 6.0%. This indicates that home prices in Alsip, IL are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$266,000	6.0%
Single Family	$286,000	6.3%
Condos	$144,000	-1.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Alsip, IL

As of July '25, Rentcast reports the average rent in Alsip, IL is $1,690, with a year-over-year rent change of 8.3%. Per bedroom, the median rent as of July '25 in Alsip, IL is 1-bedrooms: $1,320, 2-bedrooms: $1,570, 3-bedrooms: $2,480. The most common rental property sizes in Alsip, IL are 2-bedroom and 1-bedroom, accounting for 56.4% and 22.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,550	$1,690
Studio Rent	N/A	N/A
1 Bed Rent	$1,350	$1,320
2 Bed Rent	$1,550	$1,570
3 Bed Rent	$2,300	$2,480
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

3.0%

1 Bedroom

22.2%

2 Bedrooms

56.4%

3 Bedrooms

13.5%

4 Bedrooms

1.3%

5+ Bedrooms

3.6%

Property Listings — Alsip, IL

As of May '26, Realtor.com reports that the median days on market for a home in Alsip, IL is 28. This is a decrease of -21.0% 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	$265,000	5.0%
Listing Count	58	-6.0%
Listings as % of Homes	0.5%	-6.0%
Days on Market	28	-21.0%

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Demographics — Alsip, IL

As of the latest ACS Survey released in 2023, Alsip, IL has a population of 22,100, which has decreased by -1.3% over the past 5 years. Alsip, IL is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 21.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	22,100	-1.3%
% Under 18	24.2%	-1.2%
% Seniors	16.7%	15.2%
% WFH	8.2%	446.7%
% w/ College Degree	21.0%	5.5%

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As of the latest ACS Survey released in 2023, Alsip, IL is a predominantly white area, with 46.8% of the population identifying as white. The white population has shrunk by 15.2% in the last 5 years. The second most common race or ethnicity in Alsip, IL is hispanic, making up 27.8% of the population. Foreign-born residents account for 10.4% of the population in Alsip, IL, and this percentage has increased by 6.1% 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	46.8%	-15.2%
% Black	19.6%	-4.4%
% Hispanic	27.8%	22.5%
% Asian	2.3%	130.0%
% Foreign Born	10.4%	6.1%

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Mortgage and Risk — Alsip, IL

According to HUD data as of 2023, there were 287 mortgage originations in Alsip, IL, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Alsip, IL. Investor activity is low, as 2.0% 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	287
% Conventional Loans	72.0%
% Government Loans	28.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Alsip, IL

Alsip, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	113
Total Units Section 8	113
% Rentals under Section 8	4.0%
% Occupied Section 8	91.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$120	$1,350	$1,230
2 Bedroom	-$160	$1,550	$1,390
3 Bedroom	-$510	$2,300	$1,790
4 Bedroom	N/A	N/A	$2,100

Alsip, IL—60803

Key Metrics at a Glance

Home Price Trends — Alsip, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Alsip, IL

% of Rental Stock

Property Listings — Alsip, IL

Demographics — Alsip, IL

Race and Ethnicity

Mortgage and Risk — Alsip, IL

Mortgages

Rentals and Section 8 — Alsip, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Alsip, IL

Home Price to Income Ratio

Alsip, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Crestwood, IL

Morgan Park, Chicago, IL

Robbins, IL

Midlothian, IL

Oak Lawn, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$266,000
Median Household Income	$66,600

Alsip, IL—60803

Key Metrics at a Glance

Home Price Trends — Alsip, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Alsip, IL

% of Rental Stock

Property Listings — Alsip, IL

Demographics — Alsip, IL

Race and Ethnicity

Mortgage and Risk — Alsip, IL

Mortgages

Rentals and Section 8 — Alsip, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Alsip, IL

Home Price to Income Ratio

Alsip, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Crestwood, IL

Morgan Park, Chicago, IL

Robbins, IL

Midlothian, IL

Oak Lawn, IL

Frequently Asked Questions

What is the average home price in Alsip, IL 60803?

How have home prices in Alsip, IL 60803 changed over the past year?

What is the home price projection for Alsip, IL 60803?

What are the demographics of Alsip, IL 60803?

How long does it take homes to sell in Alsip, IL 60803?

What is the average rent price in Alsip, IL 60803?