Grant Park, IL 60940 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Grant Park, IL—60940

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$281,000

3.0% YoY Growth

Household Income

$97,800

40.7% YoY Growth

Days on Market

20.0% Shorter YoY

Home Price Forecast

4.0%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Grant Park, IL

As of Dec '25, the median home price in Grant Park, IL is $281,000, with a year-over-year change of 3.0%. This indicates that home prices in Grant Park, IL are increasing. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$281,000	3.0%
Single Family	$282,000	4.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Grant Park, IL

Grant Park, 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

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% of Rental Stock

Studio

13.9%

1 Bedroom

5.0%

2 Bedrooms

48.8%

3 Bedrooms

18.4%

4 Bedrooms

13.9%

Property Listings — Grant Park, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Grant Park, IL is 16. This is a decrease of -31.0% 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	$330,000	33.0%
Listing Count	10	-20.0%
Listings as % of Homes	0.3%	-20.0%
Days on Market	31	-20.0%

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Demographics — Grant Park, IL

As of the latest ACS Survey released in 2023, Grant Park, IL has a population of 3,510, which has increased by 2.2% over the past 5 years. Grant Park, IL is a popular place for families, as children make up 35.4% of the population. The area has a poorly educated workforce, with 18.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,510	2.2%
% Under 18	35.4%	73.5%
% Seniors	16.3%	2.5%
% WFH	8.8%	66.0%
% w/ College Degree	18.8%	30.6%

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As of the latest ACS Survey released in 2023, Grant Park, IL is a predominantly white area, with 90.1% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Grant Park, IL is hispanic, making up 3.6% of the population. Foreign-born residents account for 0.6% of the population in Grant Park, IL, and this percentage has decreased by 82.4% 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	90.1%	1.7%
% Black	0.1%	∞%
% Hispanic	3.6%	-64.4%
% Asian	0.0%	N/A
% Foreign Born	0.6%	-82.4%

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Mortgage and Risk — Grant Park, IL

According to HUD data as of 2023, there were 36 mortgage originations in Grant Park, IL, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Grant Park, IL. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	36
% Conventional Loans	89.0%
% Government Loans	11.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Grant Park, IL

Grant Park, 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	$1,010
2 Bedroom	N/A	N/A	$1,320
3 Bedroom	N/A	N/A	$1,750
4 Bedroom	N/A	N/A	$1,750

Grant Park, IL—60940

Key Metrics at a Glance

Home Price Trends — Grant Park, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Grant Park, IL

% of Rental Stock

Property Listings — Grant Park, IL

Demographics — Grant Park, IL

Race and Ethnicity

Mortgage and Risk — Grant Park, IL

Mortgages

Rentals and Section 8 — Grant Park, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Grant Park, IL

Home Price to Income Ratio

Grant Park, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Momence, IL

Beecher, IL

Schneider

Crete, IL

Peotone, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.5
Median Home Price	$281,000
Median Household Income	$97,800

Grant Park, IL—60940

Key Metrics at a Glance

Home Price Trends — Grant Park, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Grant Park, IL

% of Rental Stock

Property Listings — Grant Park, IL

Demographics — Grant Park, IL

Race and Ethnicity

Mortgage and Risk — Grant Park, IL

Mortgages

Rentals and Section 8 — Grant Park, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Grant Park, IL

Home Price to Income Ratio

Grant Park, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Momence, IL

Beecher, IL

Schneider

Crete, IL

Peotone, IL

Frequently Asked Questions

What is the average home price in Grant Park, IL 60940?

How have home prices in Grant Park, IL 60940 changed over the past year?

What is the home price projection for Grant Park, IL 60940?

What are the demographics of Grant Park, IL 60940?

How long does it take homes to sell in Grant Park, IL 60940?

What is the average rent price in Grant Park, IL 60940?