Alhambra, IL—62001
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Alhambra, IL
As of Oct '25, the median home price in Alhambra, IL is $266,000, with a year-over-year change of 1.2%. This indicates that home prices in Alhambra, IL are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $266,000 | 1.2% |
| Single Family | $266,000 | 1.9% |
| 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 | $246,000 | 2.1% |
4 Bed | $300,000 | 2.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Alhambra, IL
Alhambra, 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 — Alhambra, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Alhambra, IL is 21. This is a increase of 191.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $372,000 | 62.0% |
Listing Count | 5 | 14.0% |
| Listings as % of Homes | 0.4% | 14.0% |
Days on Market | 21 | 191.0% |
Demographics — Alhambra, IL
As of the latest ACS Survey released in 2023, Alhambra, IL has a population of 1,810, which has remained stable by 1.0% over the past 5 years. Alhambra, IL is a moderately popular place for families, as children make up 19.1% of the population. The area has a poorly educated workforce, with 21.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,810 | 1.0% |
% Under 18 | 19.1% | -4.5% |
% Seniors | 27.7% | 42.1% |
% WFH | 7.7% | 0.0% |
% w/ College Degree | 21.9% | -17.4% |
As of the latest ACS Survey released in 2023, Alhambra, IL is a predominantly white area, with 96.6% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Alhambra, IL is hispanic, making up 2.5% of the population. Foreign-born residents account for 2.2% of the population in Alhambra, IL, and this percentage has increased by 29.4% 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 | 96.6% | -3.0% |
% Black | 0.0% | N/A |
% Hispanic | 2.5% | 525.0% |
% Asian | 0.3% | ∞% |
% Foreign Born | 2.2% | 29.4% |
Mortgage and Risk — Alhambra, IL
According to HUD data as of 2023, there were 91 mortgage originations in Alhambra, IL, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Alhambra, IL. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 91 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Alhambra, IL
Alhambra, 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 | $880 |
| 2 Bedroom | N/A | N/A | $1,090 |
| 3 Bedroom | N/A | N/A | $1,410 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Alhambra, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $266,000 |
| Median Household Income | $93,600 |