Evergreen Park, IL—60805
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Evergreen Park, IL
As of Oct '25, the median home price in Evergreen Park, IL is $277,000, with a year-over-year change of 3.8%. This indicates that home prices in Evergreen Park, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $277,000 | 3.8% |
| Single Family | $278,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $227,000 | 5.6% |
3 Bed | $272,000 | 4.2% |
4 Bed | $320,000 | 4.2% |
| 5 Bed | $372,000 | 2.8% |
% of Housing Stock
Rental Trends — Evergreen Park, IL
As of July '25, Rentcast reports the average rent in Evergreen Park, IL is $1,680, with a year-over-year rent change of -23.3%. Per bedroom, the median rent as of July '25 in Evergreen Park, IL is 1-bedrooms: $1,190, 2-bedrooms: $1,790, 3-bedrooms: $2,700, 4-bedrooms: $2,650. The most common rental property sizes in Evergreen Park, IL are 2-bedroom and 1-bedroom, accounting for 38.4% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,680 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,240 | $1,190 |
| 2 Bed Rent | $1,550 | $1,790 |
| 3 Bed Rent | $2,200 | $2,700 |
| 4 Bed Rent | $2,650 | $2,650 |
% of Rental Stock
Property Listings — Evergreen Park, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Evergreen Park, IL is 29. This is a decrease of -4.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $329,000 | 2.0% |
Listing Count | 68 | -6.0% |
| Listings as % of Homes | 0.7% | -6.0% |
Days on Market | 29 | -4.0% |
Demographics — Evergreen Park, IL
As of the latest ACS Survey released in 2023, Evergreen Park, IL has a population of 19,500, which has remained stable by -0.9% over the past 5 years. Evergreen Park, IL is a popular place for families, as children make up 26.3% of the population. The area has a moderately educated workforce, with 42.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,500 | -0.9% |
% Under 18 | 26.3% | 8.7% |
% Seniors | 15.2% | 16.0% |
% WFH | 14.3% | 320.6% |
% w/ College Degree | 42.9% | 22.9% |
As of the latest ACS Survey released in 2023, Evergreen Park, IL is a predominantly white area, with 53.2% of the population identifying as white. The white population has shrunk by 11.2% in the last 5 years. The second most common race or ethnicity in Evergreen Park, IL is black, making up 22.8% of the population. Foreign-born residents account for 10.2% of the population in Evergreen Park, IL, and this percentage has increased by 32.5% 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 | 53.2% | -11.2% |
% Black | 22.8% | -8.8% |
% Hispanic | 18.5% | 43.4% |
% Asian | 2.8% | 300.0% |
% Foreign Born | 10.2% | 32.5% |
Mortgage and Risk — Evergreen Park, IL
According to HUD data as of 2023, there were 324 mortgage originations in Evergreen Park, IL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Evergreen Park, IL. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 324 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Evergreen Park, IL
As of 2024, the percent of homes in Evergreen Park, IL under the Section 8 program is 5.9%. 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 Evergreen Park, IL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 85 |
Total Units Section 8 | 85 |
% Rentals under Section 8 | 5.9% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $1,240 | $1,430 |
| 2 Bedroom | $70 | $1,550 | $1,620 |
| 3 Bedroom | -$120 | $2,200 | $2,080 |
| 4 Bedroom | -$210 | $2,650 | $2,440 |
Affordability — Evergreen Park, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $277,000 |
| Median Household Income | $95,700 |