Crestwood, IL—60418
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Crestwood, IL
As of Oct '25, the median home price in Crestwood, IL is $179,000, with a year-over-year change of -4.0%. This indicates that home prices in Crestwood, IL are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $179,000 | -4.0% |
| Single Family | $303,000 | 3.4% |
| Condos | $165,000 | -1.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $171,000 | 2.4% |
3 Bed | $298,000 | 3.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Crestwood, IL
As of July '25, Rentcast reports the average rent in Crestwood, IL is $1,920, with a year-over-year rent change of 9.7%. Per bedroom, the median rent as of July '25 in Crestwood, IL is 1-bedrooms: $1,450, 2-bedrooms: $1,810, 3-bedrooms: $2,800. The most common rental property sizes in Crestwood, IL are 2-bedroom and 1-bedroom, accounting for 68.6% and 20.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,920 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,450 | $1,450 |
| 2 Bed Rent | $1,750 | $1,810 |
| 3 Bed Rent | $2,800 | $2,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Crestwood, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Crestwood, IL is 36. This is a decrease of -15.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 4.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | -5.0% |
Listing Count | 48 | 10.0% |
| Listings as % of Homes | 0.6% | 10.0% |
Days on Market | 36 | -15.0% |
Demographics — Crestwood, IL
Crestwood, IL lacks sufficient demographic data for analysis.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,600 | N/A |
% Under 18 | 14.0% | N/A |
% Seniors | 27.5% | N/A |
% WFH | 11.4% | N/A |
% w/ College Degree | 23.2% | N/A |
Crestwood, IL lacks sufficient race and ethnicity data for analysis.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 68.8% | N/A |
% Black | 12.4% | N/A |
% Hispanic | 14.6% | N/A |
% Asian | 2.0% | N/A |
% Foreign Born | 12.1% | N/A |
Mortgage and Risk — Crestwood, IL
According to HUD data as of 2023, there were 306 mortgage originations in Crestwood, IL, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Crestwood, 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 | 306 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Crestwood, IL
Crestwood, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 25 |
Total Units Section 8 | 25 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $1,450 | $1,350 |
| 2 Bedroom | -$230 | $1,750 | $1,520 |
| 3 Bedroom | -$850 | $2,800 | $1,950 |
| 4 Bedroom | N/A | N/A | $2,290 |
Affordability — Crestwood, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $179,000 |
| Median Household Income | $69,200 |