Carpentersville, IL—60110
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carpentersville, IL
As of Oct '25, the median home price in Carpentersville, IL is $279,000, with a year-over-year change of 4.8%. This indicates that home prices in Carpentersville, IL are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $279,000 | 4.8% |
| Single Family | $284,000 | 4.0% |
| Condos | $234,000 | 4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $187,000 | 4.5% |
2 Bed | $249,000 | 4.2% |
3 Bed | $275,000 | 5.4% |
4 Bed | $403,000 | 3.6% |
| 5 Bed | $431,000 | 2.1% |
% of Housing Stock
Rental Trends — Carpentersville, IL
As of July '25, Rentcast reports the average rent in Carpentersville, IL is $2,190, with a year-over-year rent change of 3.8%. Per bedroom, the median rent as of July '25 in Carpentersville, IL is 1-bedrooms: $1,460, 2-bedrooms: $2,170, 3-bedrooms: $2,360. The most common rental property sizes in Carpentersville, IL are 3-bedroom and 2-bedroom, accounting for 39.8% and 37.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,190 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,420 | $1,460 |
| 2 Bed Rent | $2,100 | $2,170 |
| 3 Bed Rent | $2,280 | $2,360 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Carpentersville, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Carpentersville, IL is 26. This is a increase of 26.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $297,000 | 5.0% |
Listing Count | 48 | 15.0% |
| Listings as % of Homes | 0.4% | 15.0% |
Days on Market | 26 | 26.0% |
Demographics — Carpentersville, IL
As of the latest ACS Survey released in 2023, Carpentersville, IL has a population of 39,000, which has remained stable by -0.8% over the past 5 years. Carpentersville, IL is a popular place for families, as children make up 27.4% of the population. The area has a poorly educated workforce, with 23.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,000 | -0.8% |
% Under 18 | 27.4% | -14.4% |
% Seniors | 9.2% | 31.4% |
% WFH | 8.7% | 383.3% |
% w/ College Degree | 23.6% | 26.9% |
As of the latest ACS Survey released in 2023, Carpentersville, IL is a predominantly hispanic area, with 56.7% of the population identifying as hispanic. The hispanic population has grown by 11.6% in the last 5 years. The second most common race or ethnicity in Carpentersville, IL is white, making up 31.7% of the population. Foreign-born residents account for 28.4% of the population in Carpentersville, IL, and this percentage has decreased by 5.0% 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 | 31.7% | -1.2% |
% Black | 5.1% | -36.3% |
% Hispanic | 56.7% | 11.6% |
% Asian | 3.9% | -50.0% |
% Foreign Born | 28.4% | -5.0% |
Mortgage and Risk — Carpentersville, IL
According to HUD data as of 2023, there were 579 mortgage originations in Carpentersville, IL, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Carpentersville, IL. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 579 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Carpentersville, IL
Carpentersville, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 464 |
Total Units Section 8 | 464 |
% Rentals under Section 8 | 14.8% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $1,420 | $1,640 |
| 2 Bedroom | -$250 | $2,100 | $1,850 |
| 3 Bedroom | $100 | $2,280 | $2,380 |
| 4 Bedroom | N/A | N/A | $2,790 |
Affordability — Carpentersville, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $279,000 |
| Median Household Income | $87,700 |