Algonquin, IL 60102 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Algonquin, IL—60102

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$396,000

4.1% YoY Growth

Household Income

$128,000

24.7% YoY Growth

Days on Market

0.0% Longer YoY

Home Price Forecast

1.7%

Median Rent

$2,240

2.7% YoY Growth

1-Bed Rent

$1,780

1.1% YoY Growth

2-Bed Rent

$2,250

10.0% YoY Growth

3-Bed Rent

$2,600

4.0% YoY Growth

Home Price Trends — Algonquin, IL

As of Dec '25, the median home price in Algonquin, IL is $396,000, with a year-over-year change of 4.1%. This indicates that home prices in Algonquin, 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	$396,000	4.1%
Single Family	$408,000	4.1%
Condos	$277,000	5.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Algonquin, IL

As of July '25, Rentcast reports the average rent in Algonquin, IL is $2,280, with a year-over-year rent change of 2.7%. Per bedroom, the median rent as of July '25 in Algonquin, IL is 1-bedrooms: $1,820, 2-bedrooms: $2,300, 3-bedrooms: $2,620, 4-bedrooms: $3,090. The most common rental property sizes in Algonquin, IL are 2-bedroom and 1-bedroom, accounting for 38.5% and 33.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,240	$2,280
Studio Rent	N/A	N/A
1 Bed Rent	$1,780	$1,820
2 Bed Rent	$2,250	$2,300
3 Bed Rent	$2,600	$2,620
4 Bed Rent	$2,910	$3,090

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% of Rental Stock

Studio

4.0%

1 Bedroom

33.3%

2 Bedrooms

38.5%

3 Bedrooms

16.3%

4 Bedrooms

4.9%

5+ Bedrooms

3.0%

Property Listings — Algonquin, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Algonquin, IL is 39. This is a increase of 9.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$435,000	-4.0%
Listing Count	99	4.0%
Listings as % of Homes	0.5%	4.0%
Days on Market	39	0.0%

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Demographics — Algonquin, IL

As of the latest ACS Survey released in 2023, Algonquin, IL has a population of 32,300, which has decreased by -1.3% over the past 5 years. Algonquin, IL is a moderately popular place for families, as children make up 20.6% of the population. The area has a moderately educated workforce, with 42.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	32,300	-1.3%
% Under 18	20.6%	-11.2%
% Seniors	14.5%	27.2%
% WFH	19.3%	153.9%
% w/ College Degree	42.8%	-2.3%

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As of the latest ACS Survey released in 2023, Algonquin, IL is a predominantly white area, with 74.5% of the population identifying as white. The white population has shrunk by 9.7% in the last 5 years. The second most common race or ethnicity in Algonquin, IL is hispanic, making up 14.2% of the population. Foreign-born residents account for 12.1% of the population in Algonquin, IL, and this percentage has decreased by 2.4% 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	74.5%	-9.7%
% Black	2.1%	61.5%
% Hispanic	14.2%	105.8%
% Asian	5.5%	-30.4%
% Foreign Born	12.1%	-2.4%

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Mortgage and Risk — Algonquin, IL

According to HUD data as of 2023, there were 705 mortgage originations in Algonquin, IL, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Algonquin, IL. Investor activity is low, as 2.0% 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	705
% Conventional Loans	89.0%
% Government Loans	11.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Algonquin, IL

As of 2024, the percent of homes in Algonquin, IL under the Section 8 program is 1.6%. 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. In Algonquin, IL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	29
Total Units Section 8	29
% Rentals under Section 8	1.6%
% Occupied Section 8	88.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$370	$1,780	$2,150
2 Bedroom	$180	$2,250	$2,430
3 Bedroom	$520	$2,600	$3,120
4 Bedroom	$760	$2,910	$3,670

Algonquin, IL—60102

Key Metrics at a Glance

Home Price Trends — Algonquin, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Algonquin, IL

% of Rental Stock

Property Listings — Algonquin, IL

Demographics — Algonquin, IL

Race and Ethnicity

Mortgage and Risk — Algonquin, IL

Mortgages

Rentals and Section 8 — Algonquin, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Algonquin, IL

Home Price to Income Ratio

Algonquin, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Carpentersville, IL

Lake in the Hills, IL

West Dundee, IL

Crystal Lake, IL

Gilberts, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.6
Median Home Price	$396,000
Median Household Income	$128,000

Algonquin, IL—60102

Key Metrics at a Glance

Home Price Trends — Algonquin, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Algonquin, IL

% of Rental Stock

Property Listings — Algonquin, IL

Demographics — Algonquin, IL

Race and Ethnicity

Mortgage and Risk — Algonquin, IL

Mortgages

Rentals and Section 8 — Algonquin, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Algonquin, IL

Home Price to Income Ratio

Algonquin, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Carpentersville, IL

Lake in the Hills, IL

West Dundee, IL

Crystal Lake, IL

Gilberts, IL

Frequently Asked Questions

What is the average home price in Algonquin, IL 60102?

How have home prices in Algonquin, IL 60102 changed over the past year?

What is the home price projection for Algonquin, IL 60102?

What are the demographics of Algonquin, IL 60102?

How long does it take homes to sell in Algonquin, IL 60102?

What is the average rent price in Algonquin, IL 60102?