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Oswego, IL—60538

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$318,000
3.5% YoY Growth
Household Income
$92,100
17.7% YoY Growth
Days on Market
42
12.0% Longer YoY
Home Price Forecast
1.6%
Median Rent
$2,100
0.9% YoY Growth
1-Bed Rent
$1,780
84.7% YoY Growth
2-Bed Rent
$2,100
10.5% YoY Growth
3-Bed Rent
$2,400
3.5% YoY Growth

Other Zip Codes in Oswego, IL

60543
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Oswego, IL

As of Dec '25, the median home price in Oswego, IL is $318,000, with a year-over-year change of 3.5%. This indicates that home prices in Oswego, 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
$318,0003.5%
Single Family $324,0003.2%
Condos $261,0006.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$260,0007.0%
    3 Bed
    		$301,0003.8%
    4 Bed
    		$400,0002.8%
    5 Bed $425,2892.1%
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    % of Housing Stock

    Studio
    0.4%
    1 Bedroom
    3.2%
    2 Bedrooms
    21.0%
    3 Bedrooms
    38.8%
    4 Bedrooms
    31.9%
    5+ Bedrooms
    4.7%

    Rental Trends — Oswego, IL

    As of July '25, Rentcast reports the average rent in Oswego, IL is $2,140, with a year-over-year rent change of -0.9%. Per bedroom, the median rent as of July '25 in Oswego, IL is 1-bedrooms: $1,810, 2-bedrooms: $2,110, 3-bedrooms: $2,340, 4-bedrooms: $2,870. The most common rental property sizes in Oswego, IL are 3-bedroom and 2-bedroom, accounting for 33.3% and 30.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,100$2,140
    Studio Rent N/AN/A
    1 Bed Rent $1,780$1,810
    2 Bed Rent $2,100$2,110
    3 Bed Rent $2,400$2,340
    4 Bed Rent $2,800$2,870
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    % of Rental Stock

    Studio
    2.2%
    1 Bedroom
    12.3%
    2 Bedrooms
    30.3%
    3 Bedrooms
    33.3%
    4 Bedrooms
    16.7%
    5+ Bedrooms
    5.2%

    Property Listings — Oswego, IL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Oswego, IL is 33. 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 15.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$329,000-2.0%
    Listing Count
    		554.0%
    Listings as % of Homes0.5%4.0%
    Days on Market
    		4212.0%
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    Demographics — Oswego, IL

    As of the latest ACS Survey released in 2023, Oswego, IL has a population of 30,400, which has increased by 6.8% over the past 5 years. Oswego, IL is a popular place for families, as children make up 28.0% of the population. The area has a moderately educated workforce, with 25.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		30,4006.8%
    % Under 18
    		28.0%-10.3%
    % Seniors
    		11.7%21.9%
    % WFH
    		10.3%145.2%
    % w/ College Degree
    		25.2%-16.3%
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    As of the latest ACS Survey released in 2023, Oswego, IL is a predominantly white area, with 55.8% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Oswego, IL is hispanic, making up 33.6% of the population. Foreign-born residents account for 12.4% of the population in Oswego, IL, and this percentage has decreased by 3.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		55.8%-5.4%
    % Black
    		5.7%-6.6%
    % Hispanic
    		33.6%6.3%
    % Asian
    		1.6%-15.8%
    % Foreign Born
    		12.4%-3.9%
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    Mortgage and Risk — Oswego, IL

    According to HUD data as of 2023, there were 544 mortgage originations in Oswego, IL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Oswego, 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
    		544
    % Conventional Loans
    		76.0%
    % Government Loans
    		24.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — Oswego, IL

    As of 2024, the percent of homes in Oswego, IL under the Section 8 program is 1.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Oswego, IL, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		44
    Total Units Section 8
    		44
    % Rentals under Section 8
    		1.9%
    % Occupied Section 8
    		78.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$170$1,780$1,610
    2 Bedroom-$100$2,100$2,000
    3 Bedroom$330$2,400$2,730
    4 Bedroom$140$2,800$2,940

    Affordability — Oswego, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$318,000
    Median Household Income$92,100

    Oswego, IL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Aurora, IL

    60506

    Oswego, IL

    60543

    Aurora, IL

    60505

    Bristol, IL

    60512

    North Aurora, IL

    60542

    Frequently Asked Questions