Cicero, IL—60804
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cicero, IL
As of Oct '25, the median home price in Cicero, IL is $259,000, with a year-over-year change of 3.7%. This indicates that home prices in Cicero, IL are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $259,000 | 3.7% |
| Single Family | $262,000 | 4.0% |
| Condos | $154,000 | -3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $231,000 | 4.5% |
3 Bed | $259,000 | 3.6% |
4 Bed | $293,000 | 3.2% |
| 5 Bed | $321,000 | 2.9% |
% of Housing Stock
Rental Trends — Cicero, IL
As of July '25, Rentcast reports the average rent in Cicero, IL is $1,310, with a year-over-year rent change of -9.0%. Per bedroom, the median rent as of July '25 in Cicero, IL is studios: $907, 1-bedrooms: $1,070, 2-bedrooms: $1,390, 3-bedrooms: $2,100, 4-bedrooms: $2,900. The most common rental property sizes in Cicero, IL are 2-bedroom and 3-bedroom, accounting for 45.5% and 23.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,180 | $1,310 |
| Studio Rent | $800 | $907 |
| 1 Bed Rent | $1,050 | $1,070 |
| 2 Bed Rent | $1,400 | $1,390 |
| 3 Bed Rent | $2,150 | $2,100 |
| 4 Bed Rent | $2,600 | $2,900 |
% of Rental Stock
Property Listings — Cicero, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Cicero, IL is 41. This is a increase of 34.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $298,000 | 8.0% |
Listing Count | 81 | 25.0% |
| Listings as % of Homes | 0.3% | 25.0% |
Days on Market | 41 | 34.0% |
Demographics — Cicero, IL
As of the latest ACS Survey released in 2023, Cicero, IL has a population of 83,200, which has remained stable by 0.1% over the past 5 years. Cicero, IL is a popular place for families, as children make up 25.5% of the population. The area has a poorly educated workforce, with 11.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 83,200 | 0.1% |
% Under 18 | 25.5% | -14.4% |
% Seniors | 10.9% | 39.7% |
% WFH | 4.7% | 422.2% |
% w/ College Degree | 11.0% | 31.0% |
As of the latest ACS Survey released in 2023, Cicero, IL is a predominantly hispanic area, with 88.8% 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 Cicero, IL is white, making up 7.4% of the population. Foreign-born residents account for 40.0% of the population in Cicero, IL, and this percentage has decreased by 0.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 7.4% | 8.8% |
% Black | 3.4% | -8.1% |
% Hispanic | 88.8% | -0.4% |
% Asian | 0.5% | -16.7% |
% Foreign Born | 40.0% | -0.2% |
Mortgage and Risk — Cicero, IL
According to HUD data as of 2023, there were 444 mortgage originations in Cicero, IL, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Cicero, IL. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 444 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Cicero, IL
As of 2024, the percent of homes in Cicero, 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Cicero, IL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 240 |
Total Units Section 8 | 239 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $1,050 | $1,290 |
| 2 Bedroom | $60 | $1,400 | $1,460 |
| 3 Bedroom | -$270 | $2,150 | $1,880 |
| 4 Bedroom | -$400 | $2,600 | $2,200 |
Affordability — Cicero, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $259,000 |
| Median Household Income | $68,500 |