Coal City, IL—60416
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Coal City, IL
As of Oct '25, the median home price in Coal City, IL is $281,000, with a year-over-year change of 4.0%. This indicates that home prices in Coal City, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $281,000 | 4.0% |
| Single Family | $287,000 | 4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $198,000 | 2.6% |
3 Bed | $280,000 | 4.1% |
4 Bed | $375,000 | 3.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Coal City, IL
As of July '25, Rentcast reports the average rent in Coal City, IL is $1,720, with a year-over-year rent change of 72.0%. Per bedroom, the median rent as of July '25 in Coal City, IL is 1-bedrooms: $1,130, 2-bedrooms: $1,220, 3-bedrooms: $2,800. The most common rental property sizes in Coal City, IL are 2-bedroom and 3-bedroom, accounting for 65.7% and 13.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,720 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,150 | $1,130 |
| 2 Bed Rent | $1,200 | $1,220 |
| 3 Bed Rent | $2,100 | $2,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Coal City, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Coal City, IL is 36. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $398,000 | 49.0% |
Listing Count | 28 | 18.0% |
| Listings as % of Homes | 0.7% | 18.0% |
Days on Market | 36 | 0.0% |
Demographics — Coal City, IL
As of the latest ACS Survey released in 2023, Coal City, IL has a population of 9,280, which has increased by 1.2% over the past 5 years. Coal City, IL is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 19.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,280 | 1.2% |
% Under 18 | 24.2% | -5.8% |
% Seniors | 18.9% | 78.3% |
% WFH | 11.5% | 379.2% |
% w/ College Degree | 19.7% | 10.7% |
As of the latest ACS Survey released in 2023, Coal City, IL is a predominantly white area, with 90.7% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Coal City, IL is hispanic, making up 6.9% of the population. Foreign-born residents account for 2.0% of the population in Coal City, IL, and this percentage has increased by 17.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.7% | -1.3% |
% Black | 0.5% | -54.5% |
% Hispanic | 6.9% | 43.8% |
% Asian | 0.1% | -83.3% |
% Foreign Born | 2.0% | 17.6% |
Mortgage and Risk — Coal City, IL
According to HUD data as of 2023, there were 217 mortgage originations in Coal City, IL, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Coal City, IL. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 217 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Coal City, IL
Coal City, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 28 |
Total Units Section 8 | 28 |
% Rentals under Section 8 | 2.7% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $1,150 | $1,110 |
| 2 Bedroom | $260 | $1,200 | $1,460 |
| 3 Bedroom | -$170 | $2,100 | $1,930 |
| 4 Bedroom | N/A | N/A | $1,940 |
Affordability — Coal City, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $281,000 |
| Median Household Income | $71,900 |