Cary, IL 60013 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Cary, IL—60013

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$361,000

4.7% YoY Growth

Household Income

$116,000

17.7% YoY Growth

Days on Market

25.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$2,200

13.8% YoY Growth

1-Bed Rent

$1,550

26.7% YoY Growth

2-Bed Rent

$2,200

11.4% YoY Growth

3-Bed Rent

$2,300

3.8% YoY Growth

Home Price Trends — Cary, IL

As of Dec '25, the median home price in Cary, IL is $361,000, with a year-over-year change of 4.7%. This indicates that home prices in Cary, IL are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$361,000	4.7%
Single Family	$369,000	4.8%
Condos	$266,000	6.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Cary, IL

As of July '25, Rentcast reports the average rent in Cary, IL is $2,180, with a year-over-year rent change of -13.8%. Per bedroom, the median rent as of July '25 in Cary, IL is 1-bedrooms: $1,520, 2-bedrooms: $2,090, 3-bedrooms: $2,270, 4-bedrooms: $3,800. The most common rental property sizes in Cary, IL are 2-bedroom and 3-bedroom, accounting for 48.2% and 25.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,200	$2,180
Studio Rent	N/A	N/A
1 Bed Rent	$1,550	$1,520
2 Bed Rent	$2,200	$2,090
3 Bed Rent	$2,300	$2,270
4 Bed Rent	$3,800	$3,800

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% of Rental Stock

Studio

0.9%

1 Bedroom

17.6%

2 Bedrooms

48.2%

3 Bedrooms

25.9%

4 Bedrooms

7.4%

Property Listings — Cary, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Cary, IL is 38. This is a increase of 29.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$397,000	6.0%
Listing Count	53	-2.0%
Listings as % of Homes	0.5%	-2.0%
Days on Market	53	25.0%

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Demographics — Cary, IL

As of the latest ACS Survey released in 2023, Cary, IL has a population of 26,500, which has increased by 2.6% over the past 5 years. Cary, IL is a moderately popular place for families, as children make up 23.1% of the population. The area has a moderately educated workforce, with 44.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	26,500	2.6%
% Under 18	23.1%	-0.9%
% Seniors	14.0%	27.3%
% WFH	16.7%	128.8%
% w/ College Degree	44.2%	6.2%

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As of the latest ACS Survey released in 2023, Cary, IL is a predominantly white area, with 80.4% of the population identifying as white. The white population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Cary, IL is hispanic, making up 13.7% of the population. Foreign-born residents account for 7.4% of the population in Cary, IL, and this percentage has decreased by 10.8% 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	80.4%	-5.7%
% Black	0.8%	-38.5%
% Hispanic	13.7%	57.5%
% Asian	1.1%	-62.1%
% Foreign Born	7.4%	-10.8%

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Mortgage and Risk — Cary, IL

According to HUD data as of 2023, there were 618 mortgage originations in Cary, IL, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Cary, IL. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	618
% Conventional Loans	84.0%
% Government Loans	16.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Cary, IL

As of 2024, the percent of homes in Cary, IL under the Section 8 program is 5.3%. 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 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Cary, IL, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	63
Total Units Section 8	63
% Rentals under Section 8	5.3%
% Occupied Section 8	80.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$160	$1,550	$1,710
2 Bedroom	-$270	$2,200	$1,930
3 Bedroom	$180	$2,300	$2,480
4 Bedroom	-$890	$3,800	$2,910

Cary, IL—60013

Key Metrics at a Glance

Home Price Trends — Cary, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cary, IL

% of Rental Stock

Property Listings — Cary, IL

Demographics — Cary, IL

Race and Ethnicity

Mortgage and Risk — Cary, IL

Mortgages

Rentals and Section 8 — Cary, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Cary, IL

Home Price to Income Ratio

Cary, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Fox River Grove, IL

Island Lake, IL

Crystal Lake, IL

Crystal Lake, IL

Algonquin, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.6
Median Home Price	$361,000
Median Household Income	$116,000

Cary, IL—60013

Key Metrics at a Glance

Home Price Trends — Cary, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cary, IL

% of Rental Stock

Property Listings — Cary, IL

Demographics — Cary, IL

Race and Ethnicity

Mortgage and Risk — Cary, IL

Mortgages

Rentals and Section 8 — Cary, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Cary, IL

Home Price to Income Ratio

Cary, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Fox River Grove, IL

Island Lake, IL

Crystal Lake, IL

Crystal Lake, IL

Algonquin, IL

Frequently Asked Questions

What is the average home price in Cary, IL 60013?

How have home prices in Cary, IL 60013 changed over the past year?

What is the home price projection for Cary, IL 60013?

What are the demographics of Cary, IL 60013?

How long does it take homes to sell in Cary, IL 60013?

What is the average rent price in Cary, IL 60013?