Essex, IL—60935
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Essex, IL
As of Oct '25, the median home price in Essex, IL is $276,000, with a year-over-year change of 3.6%. This indicates that home prices in Essex, IL are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $276,000 | 3.6% |
| Single Family | $277,000 | 5.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $275,000 | 4.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Essex, IL
Essex, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Essex, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Essex, IL is 66. This is a decrease of -5.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $355,000 | -32.0% |
Listing Count | 6 | 33.0% |
| Listings as % of Homes | 0.4% | 33.0% |
Days on Market | 66 | -5.0% |
Demographics — Essex, IL
As of the latest ACS Survey released in 2023, Essex, IL has a population of 1,220, which has remained stable by 1.0% over the past 5 years. Essex, IL is a popular place for families, as children make up 32.7% of the population. The area has a poorly educated workforce, with 21.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,220 | 1.0% |
% Under 18 | 32.7% | 16.4% |
% Seniors | 15.8% | 45.0% |
% WFH | 18.9% | 3,050.0% |
% w/ College Degree | 21.3% | 90.2% |
As of the latest ACS Survey released in 2023, Essex, IL is a predominantly white area, with 82.6% of the population identifying as white. The white population has shrunk by 12.8% in the last 5 years. The second most common race or ethnicity in Essex, IL is hispanic, making up 11.3% of the population. Foreign-born residents account for 0.6% of the population in Essex, IL, and this percentage has increased by Inf% 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 | 82.6% | -12.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 11.3% | 1,155.6% |
% Asian | 0.3% | 0.0% |
% Foreign Born | 0.6% | ∞% |
Mortgage and Risk — Essex, IL
Essex, IL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Essex, IL
Essex, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,040 |
| 2 Bedroom | N/A | N/A | $1,360 |
| 3 Bedroom | N/A | N/A | $1,800 |
| 4 Bedroom | N/A | N/A | $1,810 |
Affordability — Essex, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $276,000 |
| Median Household Income | $105,000 |