Blue Island, IL 60406 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Blue Island, IL—60406

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$193,000

0.1% YoY Growth

Household Income

$59,500

36.8% YoY Growth

Days on Market

9.0% Longer YoY

Home Price Forecast

2.2%

Median Rent

$1,200

3.1% YoY Growth

1-Bed Rent

$1,200

7.5% YoY Growth

2-Bed Rent

$1,350

0.7% YoY Growth

3-Bed Rent

$2,500

38.1% YoY Growth

Home Price Trends — Blue Island, IL

As of Dec '25, the median home price in Blue Island, IL is $193,000, with a year-over-year change of -0.1%. This indicates that home prices in Blue Island, IL are flat. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$193,000	-0.1%
Single Family	$198,000	0.5%
Condos	$101,000	-17.9%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Blue Island, IL

As of July '25, Rentcast reports the average rent in Blue Island, IL is $1,340, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in Blue Island, IL is 1-bedrooms: $1,140, 2-bedrooms: $1,350, 3-bedrooms: $2,430. The most common rental property sizes in Blue Island, IL are 2-bedroom and 1-bedroom, accounting for 45.9% and 34.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,200	$1,340
Studio Rent	N/A	N/A
1 Bed Rent	$1,200	$1,140
2 Bed Rent	$1,350	$1,350
3 Bed Rent	$2,500	$2,430
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

4.8%

1 Bedroom

34.4%

2 Bedrooms

45.9%

3 Bedrooms

13.7%

4 Bedrooms

1.2%

Property Listings — Blue Island, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Blue Island, IL is 50. This is a increase of 2.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$199,000	-10.0%
Listing Count	45	-10.0%
Listings as % of Homes	0.5%	-10.0%
Days on Market	71	9.0%

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Demographics — Blue Island, IL

As of the latest ACS Survey released in 2023, Blue Island, IL has a population of 24,900, which has decreased by -1.5% over the past 5 years. Blue Island, IL is a moderately popular place for families, as children make up 23.7% of the population. The area has a poorly educated workforce, with 18.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	24,900	-1.5%
% Under 18	23.7%	-9.5%
% Seniors	12.5%	21.4%
% WFH	5.5%	323.1%
% w/ College Degree	18.4%	21.9%

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As of the latest ACS Survey released in 2023, Blue Island, IL is a predominantly hispanic area, with 44.4% of the population identifying as hispanic. The hispanic population has shrunk by 11.9% in the last 5 years. The second most common race or ethnicity in Blue Island, IL is black, making up 33.9% of the population. Foreign-born residents account for 18.7% of the population in Blue Island, IL, and this percentage has decreased by 14.2% 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	19.3%	-4.5%
% Black	33.9%	25.1%
% Hispanic	44.4%	-11.9%
% Asian	0.7%	75.0%
% Foreign Born	18.7%	-14.2%

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Mortgage and Risk — Blue Island, IL

According to HUD data as of 2023, there were 212 mortgage originations in Blue Island, IL, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Blue Island, IL. Investor activity is low, as 6.0% 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	212
% Conventional Loans	61.0%
% Government Loans	39.0%
% Investor Loans	6.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Blue Island, IL

Blue Island, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	181
Total Units Section 8	181
% Rentals under Section 8	4.0%
% Occupied Section 8	91.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$10	$1,200	$1,190
2 Bedroom	-$10	$1,350	$1,340
3 Bedroom	-$780	$2,500	$1,720
4 Bedroom	N/A	N/A	$2,020

Blue Island, IL—60406

Key Metrics at a Glance

Home Price Trends — Blue Island, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Blue Island, IL

% of Rental Stock

Property Listings — Blue Island, IL

Demographics — Blue Island, IL

Race and Ethnicity

Mortgage and Risk — Blue Island, IL

Mortgages

Rentals and Section 8 — Blue Island, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Blue Island, IL

Home Price to Income Ratio

Blue Island, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Posen, IL

Robbins, IL

Morgan Park, Chicago, IL

Beverly, Chicago, IL

Riverdale, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$193,000
Median Household Income	$59,500

Blue Island, IL—60406

Key Metrics at a Glance

Home Price Trends — Blue Island, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Blue Island, IL

% of Rental Stock

Property Listings — Blue Island, IL

Demographics — Blue Island, IL

Race and Ethnicity

Mortgage and Risk — Blue Island, IL

Mortgages

Rentals and Section 8 — Blue Island, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Blue Island, IL

Home Price to Income Ratio

Blue Island, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Posen, IL

Robbins, IL

Morgan Park, Chicago, IL

Beverly, Chicago, IL

Riverdale, IL

Frequently Asked Questions

What is the average home price in Blue Island, IL 60406?

How have home prices in Blue Island, IL 60406 changed over the past year?

What is the home price projection for Blue Island, IL 60406?

What are the demographics of Blue Island, IL 60406?

How long does it take homes to sell in Blue Island, IL 60406?

What is the average rent price in Blue Island, IL 60406?