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Carol Stream, IL—60188

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$368,000
4.6% YoY Growth
Household Income
$108,000
30.8% YoY Growth
Days on Market
42
45.0% Longer YoY
Home Price Forecast
1.6%
Median Rent
$1,810
4.5% YoY Growth
1-Bed Rent
$1,680
1.8% YoY Growth
2-Bed Rent
$2,000
3.8% YoY Growth
3-Bed Rent
$2,520
10.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Carol Stream, IL

As of Dec '25, the median home price in Carol Stream, IL is $368,000, with a year-over-year change of 4.6%. This indicates that home prices in Carol Stream, IL are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$368,0004.6%
Single Family $388,0004.3%
Condos $242,0006.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $165,000
    3.8%
    2 Bed
    		$269,0005.5%
    3 Bed
    		$358,0004.4%
    4 Bed
    		$467,0004.7%
    5 Bed $565,1414.3%
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    % of Housing Stock

    Studio
    1.8%
    1 Bedroom
    12.7%
    2 Bedrooms
    28.0%
    3 Bedrooms
    31.3%
    4 Bedrooms
    23.3%
    5+ Bedrooms
    2.9%

    Rental Trends — Carol Stream, IL

    As of July '25, Rentcast reports the average rent in Carol Stream, IL is $1,920, with a year-over-year rent change of -4.5%. Per bedroom, the median rent as of July '25 in Carol Stream, IL is studios: $1,440, 1-bedrooms: $1,660, 2-bedrooms: $2,030, 3-bedrooms: $2,560, 4-bedrooms: $3,350. The most common rental property sizes in Carol Stream, IL are 2-bedroom and 1-bedroom, accounting for 44.6% and 37.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,810$1,920
    Studio Rent $1,540$1,440
    1 Bed Rent $1,680$1,660
    2 Bed Rent $2,000$2,030
    3 Bed Rent $2,520$2,560
    4 Bed Rent $3,340$3,350
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    % of Rental Stock

    Studio
    5.9%
    1 Bedroom
    37.6%
    2 Bedrooms
    44.6%
    3 Bedrooms
    9.1%
    4 Bedrooms
    2.6%
    5+ Bedrooms
    0.2%

    Property Listings — Carol Stream, IL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Carol Stream, IL is 32. This is a increase of 36.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$372,000-6.0%
    Listing Count
    		7124.0%
    Listings as % of Homes0.3%24.0%
    Days on Market
    		4245.0%
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    Demographics — Carol Stream, IL

    As of the latest ACS Survey released in 2023, Carol Stream, IL has a population of 42,100, which has decreased by -1.2% over the past 5 years. Carol Stream, IL is a moderately popular place for families, as children make up 22.0% of the population. The area has a moderately educated workforce, with 43.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		42,100-1.2%
    % Under 18
    		22.0%-3.5%
    % Seniors
    		15.7%31.9%
    % WFH
    		13.7%234.1%
    % w/ College Degree
    		43.9%8.7%
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    As of the latest ACS Survey released in 2023, Carol Stream, IL is a predominantly white area, with 51.9% of the population identifying as white. The white population has shrunk by 11.3% in the last 5 years. The second most common race or ethnicity in Carol Stream, IL is asian, making up 18.8% of the population. Foreign-born residents account for 27.6% of the population in Carol Stream, IL, and this percentage has increased by 18.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		51.9%-11.3%
    % Black
    		6.0%-15.5%
    % Hispanic
    		18.0%24.1%
    % Asian
    		18.8%0.0%
    % Foreign Born
    		27.6%18.5%
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    Mortgage and Risk — Carol Stream, IL

    According to HUD data as of 2023, there were 437 mortgage originations in Carol Stream, IL, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Carol Stream, IL. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		437
    % Conventional Loans
    		91.0%
    % Government Loans
    		9.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — Carol Stream, IL

    As of 2024, the percent of homes in Carol Stream, IL under the Section 8 program is 17.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Carol Stream, IL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		788
    Total Units Section 8
    		788
    % Rentals under Section 8
    		17.8%
    % Occupied Section 8
    		82.4%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$10$1,680$1,670
    2 Bedroom-$120$2,000$1,880
    3 Bedroom-$110$2,520$2,410
    4 Bedroom-$500$3,340$2,840

    Affordability — Carol Stream, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.9
    Median Home Price$368,000
    Median Household Income$108,000

    Carol Stream, IL — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    60187

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    Frequently Asked Questions