Hometown, IL—60456
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hometown, IL
As of Oct '25, the median home price in Hometown, IL is $206,000, with a year-over-year change of 3.0%. This indicates that home prices in Hometown, IL are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $206,000 | 3.1% |
| Single Family | $210,000 | 3.4% |
| Condos | $190,000 | 0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $193,000 | 2.7% |
3 Bed | $221,000 | 3.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hometown, IL
As of July '25, Rentcast reports the average rent in Hometown, IL is $1,920, with a year-over-year rent change of 25.5%. Per bedroom, the median rent as of July '25 in Hometown, IL is 2-bedrooms: $1,740, 3-bedrooms: $2,100. The most common rental property sizes in Hometown, IL are 2-bedroom and 3-bedroom, accounting for 77.2% and 21.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $1,920 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,550 | $1,740 |
| 3 Bed Rent | $1,850 | $2,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hometown, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Hometown, IL is 42. This is a decrease of -26.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $242,000 | 19.0% |
Listing Count | 16 | 104.0% |
| Listings as % of Homes | 0.6% | 104.0% |
Days on Market | 42 | -26.0% |
Demographics — Hometown, IL
As of the latest ACS Survey released in 2023, Hometown, IL has a population of 4,240, which has decreased by -1.5% over the past 5 years. Hometown, IL is a moderately popular place for families, as children make up 19.2% of the population. The area has a poorly educated workforce, with 19.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,240 | -1.5% |
% Under 18 | 19.2% | -9.9% |
% Seniors | 17.0% | 13.3% |
% WFH | 6.0% | 445.5% |
% w/ College Degree | 19.8% | 31.1% |
As of the latest ACS Survey released in 2023, Hometown, IL is a predominantly white area, with 62.5% of the population identifying as white. The white population has shrunk by 21.2% in the last 5 years. The second most common race or ethnicity in Hometown, IL is hispanic, making up 32.3% of the population. Foreign-born residents account for 10.2% of the population in Hometown, IL, and this percentage has increased by 45.7% 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 | 62.5% | -21.2% |
% Black | 0.7% | -41.7% |
% Hispanic | 32.3% | 99.4% |
% Asian | 1.0% | 400.0% |
% Foreign Born | 10.2% | 45.7% |
Mortgage and Risk — Hometown, IL
According to HUD data as of 2023, there were 88 mortgage originations in Hometown, IL, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Hometown, IL. Investor activity is low, as 5.0% 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 | 88 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Hometown, IL
Hometown, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,500 |
| 2 Bedroom | $150 | $1,550 | $1,700 |
| 3 Bedroom | $330 | $1,850 | $2,180 |
| 4 Bedroom | N/A | N/A | $2,560 |
Affordability — Hometown, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $206,000 |
| Median Household Income | $59,300 |